One of the things that interests me about real estate reporting is the way that some media report on Australia’s “property market”. The truth is, there is no single property market in Australia – instead, there are hundreds (perhaps even thousands) of smaller property markets across the country, each operating with their own unique drivers…
Anyone who began investing in property for the first time in the last five years could be forgiven for thinking that real estate is a sure bet. Particularly if you bought in Sydney and/or Melbourne before it truly took off, you may have become accustomed to booming property conditions. The reality of property investing is…
![[Podcast] Property investment rules to keep in mind in troubled times](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/08/MY-podcast-205-Post-Covid-property-270x200.jpg)
Post-COVID Properties Much of Australia’s economy is being kept on temporary life support either through the federal government’s Job Keeper and Job Seeker schemes or through loan repayment relief from the banks. The coronavirus has really played havoc with our economy, with our lives, and with our property market. In fact, Melbourne, which has often…
I want to discuss customer service. There are lots of courses and information available out there talking about the importance of customer service standards, key performance indicators (KPIs) in customer service delivery and world’s best practise with customer service. Each of these courses and theories has something positive to offer on the issue of customer…
Have you turned on the TV or read a newspaper lately? You’d be forgiven for thinking that property prices along with our economy may be doomed! There is so much uncertainty around and the media are just lapping it up. It is no secret that you will always find a reason not to invest, but…
Capital city dwelling values have been affected differently across Australia in the wake of the pandemic. As well as anecdotes of demand in regional lifestyle areas, the ACT dwelling market has been the clear ‘winner’ of the capital cities, increasing 1.3% in value between the end of March and the end of July. This came…
Wondering what to do if you’ve got mortgage stress? Consumer advocate, RateCity.com.au, believes COVID-affected customers should not have to pay a higher rate if they can only afford to make interest-only repayments on their home loan when their six-month deferral ends. From September, homeowners on a deferral who can’t resume their repayments can potentially extend…
Last week Reserve Bank of Australia Governor Philip Lowe, and his top lieutenants, appeared before the House of Representatives Standing Committee on Economics. This time-honoured tradition goes roughly as follows. The governor makes an opening statement that contains nothing not said before in public. Committee members then take turns trying to trick the governor into…
The Victorian Government is extending eviction moratorium laws to provide greater certainty for both tenants and landlords. Rental increases are also banned until the end of the year. Victoria’s ban on rental hikes and evictions which had previously been set to expire on 29 September will be extended until 31 December. Extension of these laws…
Debt is bad – I don’t want to borrow! That’s what I heard someone say at friend’s BBQ last weekend. The conversation had turned to real estate and what’s happening in the property markets are at present (as it usually does) and one of the group standing around said: “I’ve almost paid off my house…
