The global pandemic has catalysed remarkable shifts in the Australian housing market. From the temporary shutdown of cities to an unprecedented monetary policy strategy, the new-found popularity of regional and low-density housing preferences, and the introduction of various government home-buying incentives, the COVID period has had distinct impacts on the composition of buyers and the…
Maybe interest rates will move up earlier than I first expected RBA Governor Lowe seems to have changed his views when he spoke on Recent Economic Developments at the AFR Business Summit. Lowe said Australia’s envious economic performance through the final months of 2021 has collided with natural disasters and the unpredictable impact of Russia’s…
Is this continued media cycle of mixed messages leaving you feeling a little confused? Well, standby. From the people that bought you the 40% house drop, the job keeper and mortgage cliffs and the last one out of the Cities turn the light off, comes… Reverse migration as sea and tree changes head back to…
Another week, another fresh take on where the housing market is going. This time it’s from the ANZ, which expects overall house prices in Australia to increase by 8 per cent this year, up from its earlier forecast of 6 per cent. However, the bank is now expecting larger house price falls across the capitals…
We are moving into the next stage of the property cycle. After just over a year of very strong property price growth, where the value of many properties around Australia increased by more than 20%, our real estate markets are now facing some headwinds. Affordability is starting to price some buyers out of the market…
Interested in knowing how others became successful? Then why not ask successful people what they’d wished they’d been told when they were younger. That’s exactly what I did with these seven successful property professionals and here’s what they said. Kate Forbes — National Director Metropole Property Strategists 1. Invest in yourself first Your best investment by…
The extraordinary momentum carried over from 2020, coupled with monetary and fiscal stimulus measures has contributed to an unprecedented year of growth and litany of outstanding results for the Australian residential housing market. The estimated value of Australia’s residential real estate had gone from $7.2 trillion at the end of November 2020, to reach a…
2021 will be remembered as a year when our property market defied the odds and boomed. Domain’s End of Year Wrap shares an overview of the year and Dr Nicola Powell, Chief of Research & Economics for Domain, defines 2021 as the year we re-imagined our homes. She explains: The challenge of grappling with a…
Australian property prices rose 1.5% in the month of September despite the fact that many of us were still living in a Covid Cocoon. Housing values surged 20.3% higher in the past year, and even rose a massive 46 per cent in certain coveted school zones, pumped up by the Reserve Bank’s reassurances that its…
Domain’s September Quarter 2021 House Price Report shows Australian house prices experiencing a historical rate of growth at 21.9 per cent. This is the fastest annual rate of growth on record with median house prices at almost $1 million nationally. Although house and unit price growth rate has been the fastest on record, quarterly growth…
