Rents are on the rise and the average Australian house now costs a record $477 a week to rent, according to Domain’s most recent rental report. Lockdown lifestyle changes and the resilience of working from home contributed to June quarter increases in every major city bar Melbourne and Sydney. Thanks to a strong Adelaide rental…
We know that much of the housing market’s current heat is being driven by cheap money, easy finance, and recent government incentives. Owner residents and especially first home buyers have led the charge, with investors now joining the fray. New construction has been the big winner and, in this space, detached houses are beating attached…
Australian housing prices have soared by more than 500% over the past 25 years but while capital values have grown, yields have fallen to all-time lows. Real Estate Institute of Australia (REIA) President, Adrian Kelly said housing investors have been driven more by expected capital gains rather than rental yields. According to data from REIA,…
Australia’s house prices have experienced the steepest increase in almost 18 years surpassing record highs, with Sydney and Canberra taking the title as the cities enjoying the fastest quarterly acceleration on record. The Domain House Price Report for the March 2021 quarter reveals property affordability is being pushed further out of reach for many desperate…
Housing markets are positively fizzing right now. Demand’s riding high, buyers battling it out over a shrinking pool of properties and driving some eye-catching price rises. The March quarter saw a 5.6% jump across the major capital cities, the March month alone posting the biggest gain in 32 years. Sydney dwelling prices rose a staggering…
The internet and newspapers are awash with stories of properties selling for amounts wildly above reserve. Such news can create FOMO and fuel buyer demand. But buyer overexuberance is rarely sustained for long periods of time. My feeling is that price growth will level out this year and I set out the reasons why below….
We know that we are in the beginning stages of a property boom at present. But regular readers would recognise that property investment is a long-term game and would be pleased to know that Australian housing prices have soared by more than 500% over the past 25 years but while capital values have grown, yields…
A surge of Australians looking to buy a property has seen prices soar in some Sydney, Melbourne and Brisbane suburbs over the past two years. Property prices have hit record highs this year and, despite the effects of Covid19 recent Domain Research shows median prices rose annually 6.7% across Sydney houses, 3.9% in Melbourne houses…
This week in our Stuff Worth Knowing series we cover detached house sales. Tables 1 and 2 outlines the number of detached houses and median values across the eight capital cities and the other top 20 major urban spaces in Australia. Market size is important. Too often real estate conversations are focused on price and,…
After suffering a challenging 2020, including a number of lockdowns, the Melbourne property market is on fire. And it is well documented that the price gap between Melbourne houses and units has widened over the last couple of years. While family-friendly apartments in smaller low-rise blocks are still popular, the closure of our international borders…