House prices are still falling, but the rate of decline is slowing. National dwelling values fell -1.0% in November, the smallest monthly decline since June. CoreLogic’s national Home Value Index (HVI) moved through a seventh month of decline in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below the peak value…
Investing in property isn’t as straightforward as you might think, and if you don’t do it right, it could end up costing you a fortune. I always say: “Don’t let your emotions get in the way of your property investment decisions.” In fact, of all the common mistakes property investors make, this is where most…
Australia’s house prices are seeing the fastest quarterly decline on record. However, September quarter could be a peak quarterly decline, according to Domain’s House Price Report. It’s not really as bad as some of the property pessimists are predicting. In fact, house prices across the combined capitals are now 4.9% below the March 2022 price…
Property prices have fallen from their peak around the country as consecutive interest rate hikes increase lending costs and dampen demand. But while price falls are widespread, some suburbs have bucked the trend. The sea- and tree-change trend has seen many Australians move to lifestyle or coastal suburbs where homes are larger and more affordable….
While inflation has implications for housing demand, housing itself influences inflation. By understanding how inflation and housing fit together, the market outlook for the year ahead becomes a little clearer. ABS figures showed the highest annual rate of inflation in June 2022 in almost 32 years. As we head into the new financial year, annual inflation is…
Have you heard the horror stories about unsuspecting property buyers falling victim to redirection scams? They buy a property and secure the deal by transferring their entire hard-earned house deposit to what they think is a conveyancer or real estate agent. By the time they realise it’s in fact a scammer hacking email accounts it’s…
For the first time in 11 years, the RBA increased rates and we’re still expecting them to increase sharply over the rest of 2022. We already know that there’s a slowdown in-home price growth in part due to affordability issues, concerns with overseas geopolitical tensions, an upcoming election, and rising inflation, but no doubt exacerbated…
The Reserve Bank of Australia is under increasing pressure to raise the cash rate after headline and underlying inflation posted a stronger than expected result in Q1. Concerns about the impact of inflation and potentially rapidly rising interest rates on the property market abound, but a myriad of micro and macro factors should be considered…
We know the once in a generation of property boom Australia experienced last year is now over. But what’s really happening to property values now? The new PropTrack Home Price Index, released this month, reveals trends in price growth across the country. In a recent article Proptrack economist, Paul Ryan explained what’s happening on the…
I watch changes in consumer sentiment carefully because when consumers feel financially comfortable and wealthy they spend more and this helps the economy move on. And when consumers feel less confident they put their hands in their pockets and don’t make big financial decisions and in general spend less and in some ways this is…
