How have the coronavirus lockdowns affected you? Has the pandemic changed your strategy or approach to property investing? Are you considering moving to live in a different location because of COVID-19? These are only some of the Covid-19 related questions we recently asked 1,700 Australian property investors and would-be investors in our annual Property Investment…
The most popular suburbs for property deals have been revealed, with the Domain House Price Report showing a trend to sea-change or tree-change hotspots or outer suburbs offering more space. At the same time, inner-city unit markets have been busy, with first-home buyers taking the opportunity to purchase from investors who need the cash while…
The Australian Prudential Regulation Authority (APRA), our lending regulator, has announced new changes to lending rules for banks. They told banks and other authorised lenders that from November borrowers will need to be able to meet repayments at least 3 per cent higher than the loan product rate to receive a loan. If, for example, you apply…
Consumer confidence overall has been very resilient to the lockdowns seen in NSW, VIC and the ACT. Despite an extended lockdown period for much of the country, consumer confidence had begun to increase according to ANZ-Roy Morgan, amidst revealed plans in NSW to reopen. With consumer sentiment lifting and business confidence in yesterday’s NAB Business…
Will Covid Delta derail our property markets? The answer is NO according to the latest ANZ Bank research. Our housing markets remain in very good shape with national house prices continuing to rise strongly, even in Sydney where increasing levels of mobility restrictions have been in place since June. According to ANZ, ultra-low interest rates,…
It’s been a tumultuous year for Australia’s property market. The coronavirus pandemic has caused economic uncertainty, yet a surge in demand and skyrocketing prices for properties in certain locations. While international borders remain closed, the shape of the nation within Australia is changing at a fast pace never seen before in our market. Regional Australia…
Westpac have revised their outlook for the outlook for dwelling values for the balance of this property cycle. Back in February Westpac was one of the first of the banks to do an about face an at that time boldly predicted a 20% increase in values over 2021 and 2022. Since then all the other…
National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. This is the highest annual rate of growth seen across the Australian residential property market…
One of the Australian Labor Party’s (ALP) big election promises in the 2019 federal election was to abolish negative gearing. It would be logical to think that the ALP’s shock election loss in 2019 will serve as a warning for policymakers. That is, banning negative gearing is an unpopular policy. However, I would caution investors…
New housing loan approvals rose strongly in March, up 5.5% over the last month with around 55% of the increase driven by investors. Contributing to the monthly increase was lending to investors, which saw a 12.7% increase from the month prior. This was the 10th consecutive month that the value of new investor lending commitments…
