Everyone is aware that there’s a bit of friendly (and sometimes not-so-friendly) generational rivalry going around between the Baby Boomers and the Millennials, with a lot of spicy debate around which generation faces the biggest number of issues. Millennials think Baby Boomers inadvertently set them up to fail – while Baby Boomers believe their younger…
COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space. Prior to COVID-19, the Australian rental market was already weak. Now, new challenges are here. As Australian borders remain closed to tourists, and government policies restrict short-term rental arrangements, Airbnb rentals are converting to long-term rental…
The short term future of our economy and our property markets will depend a lot on consumer confidence. So the rise in consumer confidence reported by Roy Morgan and ANZ is encouraging. I guess more of us are seeing a light at the end of the tunnel. ANZ Head of Australian Economics, David Plank, commented:…
What’s your head for the world economy? While the short-term outlook looks bleak, the International Monetary Fund (IMF) forecasts a positive outlook for 2021. When the economy does recover, which countries will see the largest growth? That’s what the following infographic from Visual Capitalist shows. The IMF forecast for Australia is for a recession this…
The road ahead for our economy and our property markets has never been less clear. Whilst I can’t make any predictions with real confidence about how property markets will perform next month, let alone next year, based on my perspective of having been involved in the property markets for over 20 years, I believe the…
The end of the financial year is upon us once again and it can be an especially busy time for investors. So, with 30 June just around the corner, here are a number of issues that retirees and property investors must understand beforehand. 1. Superannuation After the age of 60, many investors opt to reduce…
We all know the unemployment rate is rising. In fact we all know somebody who has had their job affected by the coronavirus crisis. But how many people are really unemployed? I regularly follow the Roy Morgan unemployment figures which are usually significantly higher than the ABS estimate This time they are three times higher…
What are property investors up to? A long-term study by MCG Quantity Surveyors is helping define investor trends which will flag the property market’s bounce back after COVID-19. The report also took a pre-COVID snapshot of ‘normal market’ trends in place prior to the crisis. We found property investors were pivoting in interesting ways prior to the…
![Property market expectations & the impact of Coronavirus [COVID-19]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/04/sell-and-buy-property-270x200.jpg)
CBA Economics stated last week that property price declines are “inevitable”. It has forecast that prices will fall by circa 10% in Melbourne and Sydney over the next 6 months. It cited many reasons for this forecast including higher unemployment, lower economic activity, lower mortgage volumes, falling rents and fewer overseas buyers. I wanted to…
![Coronavirus lockdown makes auction clearance rates meaningless. What's happening to new listings? | Property Insiders [VIDEO]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/04/Coronavirus-%E2%80%93-How-will-it-impact-Australia%E2%80%99s-property-markets-270x200.jpg)
It’s not fair! Not only am I locked indoors not being able to enjoy my normal lifestyle, but now I can’t even enjoy the fun and theatre of my weekend entertainment – property auctions. I’ve always thought auctions were a bit like watching buskers – a bit of street theatre getting a crowd all excited….
