It’s no secret that Australia is currently in recession. But what does that really mean? How will this affect you, your job, your finances and the value of your home or your investment properties? That’s what I’m going to explain in this article that’s necessarily a little longer than usual. Firstly… What is a recession?…
The Real Estate Institute of Victoria has slammed the Andrews’ Government’s decision to effectively keep the property market shut down for an uncertain period. The continuation of the ban on inspections means that people who desperately need to buy or lease a property will have to make that decision ‘sight unseen’. Before the introduction of…
Our property markets have been remarkably resilient so far haven’t they? But how would a significant second wave of coronavirus affect our housing markets? Well…if we look back there are a few lessons we can learn to help us better understand what’s ahead. Fact is that in spite of the Coronavirus induced economic downturn, Australian…
Emotions are running high at the moment aren’t they? Australia is in a recession, there’s a world wide pandemic, international geopolitical tensions are high. It’s hard not to get caught up in the emotional turmoil considering we are continuously bombarded with bad news by the media. Messages like job losses, businesses closing down, a second…
The coronavirus pandemic has created one of the worst recessions the world has seen since the 1930’s Great Depression – but it was also shaping up to be one of the shortest. Australia’s economy was already showing signs of bouncing back, following a “very deep contraction” but then the threat of a second wave of…
What drives property price growth? Especially in this era of lower interest rates, lower inflation and lower capital growth in general? If you want to one day live off the fruits of your property portfolio, you’ll need to own the sort of properties that grow at wealth producing rates of return that outperform the averages….
We are half way there! You may ask “Half way to what?” Well … we’re more than half way through this year, and let’s hope the second half of 2020 is going to be better than the first half. Clearly we’re living in unprecedented times, in unique times, with the confluence of three major challenges….
The coronavirus crisis has transformed our markets back to buyers’ markets. But does that mean it’s a good time for you to buy property? That’s what I’m going to discuss in today’s show, and in quite some detail. Of course, like with most things in property, the answer is that it depends. Are you buying…
Our property markets started 2020 on a strong note. In the year to March 2020, Sydney and Melbourne house prices have risen 14.5 per cent and 12.5 per cent respectively. Sydney house prices made up almost all of their lost ground and were likely to reach a new peak shortly, while the Melbourne property market…
After our property markets finished 2019 strongly we commenced 2020 with high hopes for real estate. However COVID-19 has derailed the recovery in house prices throwing most of the forecasts made at the beginning of this year out the window. ANZ Bank has amended its forecasts citing weaker household income, sharply rising uncertainty for households,…