At just 0.1 per cent, our official cash rate is mind-bogglingly low. And based on the minutes of the latest Reserve Bank of Australia meeting, it’s expected to stay this way for years to come. However, while it’s clear interest rates will remain at these levels for some time, what is less apparent is the…
There is a saying that statistics can tell you anything you want them too because our own biases will impact the way that we interpret them. Now that doesn’t mean that statistics are therefore meaningless. Rather, property statistics can help educate investors about what markets are doing at specific points in time. And that is…
In recent times, there has been much public debate about the rate of home ownership and housing affordability. So what’s really going on? How many of us own our own home and how many are renting? And how are these trends changing? The Australian Institute of Health and Welfare answered these questions plus more by…
Understanding how Covid lockdowns have impacted certain individuals and industries, helps to inform us about how quickly the economy and markets may recover. With this in mind, I thought it was useful to share a number of charts published recently by the RBA and banks which provide important and interesting insights. Covid has discriminated against younger workers…
![[Podcast] This is the type of property that will lead the recovery in 2021 with Stuart Wemyss](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/11/MY-podcast-224-Best-perfomers-270x200.jpg)
There are signs that the modest coronavirus-induced housing correction has come to an end. Nobody’s going to ring a bell telling us the market’s bottomed, but I’m sure when we look back in 12 months’ time, we’re going to find that the value of some properties has increased significantly and our property markets turned the…
Sometimes all that stands between you and your next purchase is a property valuation. Here are 10 tips to help you get a better assessment. For mortgage security valuations, the guidelines are well defined. It’s the price of the property if traded between a willing buyer and seller at the time it was inspected, but…
![[Podcast] Here’s what 1,500 investors think is going to happen to property in 2021 - Our Annual Property Investment Sentiment Survey](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/11/MY-podcast-225-Sentiment-survey-with-Brett-Warren-270x200.jpg)
Are you wondering what’s ahead in property for 2021? Maybe you’d like to know what other Australian property investors plan to do? Well, that’s exactly what we discuss in today’s show as we unpack the results of this year’s Property Investor Sentiment Survey. You’ll hear what 1,500 Australians feel about our current real estate markets…
A whopping 83% of mortgage holders would like to change lenders, but can’t and are therefore “mortgage prisoners” according to a new report by Mozo. Here’s the problem: while 38% of people intend to make the switch, 45% are unable to due to limited earnings and therefore paying a premium to own their property. Quick…
Whenever confidence returns to our property markets, the wolves in sheep’s clothing come back as well, ready to trap unsuspecting investors. With many parts of the property market rebounding from their pandemic induced downturns, the wolves have returned, cleverly disguising themselves with incredibly attractive schemes that promise to make you wealthy from property investment. They…
Renters will no longer have to contend with poorly insulated homes and Victoria will move closer towards 7-star home efficiency standards under a A$797 million plan announced this week. It’s purportedly the biggest energy efficiency scheme in any Australian state’s history. Energy efficiency essentially means using less energy to perform the same job. It’s often…
