What will your home be worth in two year’s time? Well, despite higher interest rates and existing affordability challenges, property prices in many parts of Australia could increase by over $100,000 in the next two years according to analysis by PropTrack data and KMPG property forecasts which indicate that much of our housing market is…
Australia needs to build an additional three million homes over the next two decades to provide the needed infrastructure to house Australia’s growing population. By 2041 we will have 13 million homes, up from 10 million in 2021. Changing needs for a home The current demand is for homes with backyards and a home office…
Do you understand the best way to invest in a rising property market? As it currently stands, our capital and regional cities are primed for growth over the next year or two. There is no doubt most property markets and properties will do well over this period. But what happens when the cycle moves on?…
Are you wondering whether you should put your money into investment property or shares? While at Metropole we are property specialists, we also advocate for diversification, so a healthy investment portfolio should contain an element of both. Each has its pros and cons, and most successful investors have multiple income streams and tend to benefit…
Aussies are moving house less frequently. The median tenure for a house is nine years and for a unit, eight years, according to Domain’s latest Tenure and Profit Report, Last year’s decrease in prices might have made people delay selling their homes. However, the trend of longer tenure (how long you stay put in a…
Curious about how wealth and income are distributed across the different generations in Australia? In this updated version of the Wealth and Income infographic, using data from the Australian Bureau of Statistics we break down Australia’s income and wealth distribution and look at how it compares across the generations. This infographic features key stats and…
High property prices, escalating construction costs, and rapidly rising interest rates have pushed Australia’s housing affordability to the worst level in over 30 years, according to a new PropTrack report. The PropTrack Housing Affordability Index shows that in 2023 households across the income distribution could afford the smallest share of homes since 1995, when records…
The nation’s biggest home lender, Commonwealth Bank (CBA) has upgraded its house price forecasts aligning with the optimistic outlook shared by the other big banks. Only a few months ago in May, the CBA revised its original forecast that home values would fall 6 per cent this year, instead suggesting that prices will gain 3…
First-time home buyers are saving more each month than last year. However, they still feel anxious about building a sufficient deposit to break free from renting and finally own their dream home, according to Canstar’s latest research. According to Canstar’s new First Home Buyer Survey, potential first-time buyers are now saving an average of $1,605…
My professional life has been all about “the numbers” for more than two decades! So, as an accountant and financial advisor, it pains me to say that numbers are not always right! Numbers are factual, verifiable, and logical and the ‘robustness’ gives me a lot of confidence. However, when it comes to investing in property,…