Skyrocketing property prices and surging demand in the luxury property markets are expected to push many Australian suburbs into the multi-million dollar zone in 2021. In fact, according to the latest REA Insights report, the number of suburbs in Australia with a median property price over $3 million, doubled in 2020, and we should expect…
A new report released from ANZ Bank predicts house prices at the national level will rise to a strong 17% through 2021, before slowing to 6% in 2022. What a turn around from all the pessimistic forecasts all the banks made in the middle of last year. ANZ senior economist Felicity Emmett said she expected…
There are many explanations for the current housing market boom, such as lower interest rates, relaxed borrowing rules, buyer grants, building incentives, stamp duty waivers and tax cuts. But while these have all contributed in some way to the rise in buyer demand, they don’t explain the dramatic increase in the number of potential buyers,…
While our house price markets have been performing strongly this year, some of the rental markets around Australia have remained challenged by week fundamentals. Rents around Australia fell sharply last year during the more difficult times of the pandemic, but more recently advertised rent arising around Australia. The strong economic recovery is likely to bolster…
![[Podcast] The Big Picture – What’s ahead for our economy and property, with Pete Wargent](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/03/MY-podcast-257-1-270x200.jpg)
Just like 2020 was the year of surprises many of us didn’t foresee, I believe 2021 will offer its own surprises – but this time, on the upside. There is a perfect storm of economic outcomes and that’s what I’m going to be chatting about with Pete Wargent in today’s show as we have a…
COVID-19 is changing the way Australians live, work and play. Because of the imposed restrictions and global mandate to work from home, Australians have spent more time in their homes in 2020 than ever before. According to our third phase of research exploring the impacts of COVID-19, the time spent at home is not likely to…
![[Podcast] 10 Critical Questions All Property Investors Should Ask Themselves with Brett Warren](https://cdn.propertyupdate.com.au/wp-content/uploads/2021/03/MY-podcast-251-with-Brett-Warren-03-270x200.jpg)
As we move into a new property cycle, a whole new generation of people are going to become financially independent through property. So, today’s show is going to be dedicated to helping you become one of those. I’ve got two segments for you today. The first segment is a chat with Brett Warrant about 10…
Would you like to understand the key factors that drive our property markets? These key drivers can be critical when selecting the right asset to fast-track your wealth creation journey. Considering the current environment, I would argue, it is even more important now than ever, as we head into an environment of low economic growth….
Dubbed the “Boomerang Generation” after moving back home during the pandemic, Australia’s adult children have started flying the coop once more. A new, nationally representative Finder survey of 1,015 Australians found that 34% of households had an adult kid living at home during 2020. Yet of those 343 Australians who either lived with their parents…
Over $567 billion has been amassed by the 10 richest people in the world in less than a year. To put that into perspective, that’s more than sevenfold the wealth accumulated by the top 10 in the time period prior. As just one example, Elon Musk witnessed his wealth increase at least 500% in the last year. Meanwhile, Amazon’s…
