Most property investors would give their second garage to know what’s going to happen to interest rates, wouldn’t they? While earlier this year many commentators thought interest rates would fall by the middle of the year, now the narrative is that interest rates will remain higher for longer than we had hoped. Even as wars…
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To help you understand what’s ahead and if our property markets are going to keep rising or going to slow down or even go backward, as some property pessimists are still suggesting, in today’s episode I want to outline the dynamics and the economics of Australia’s property markets and what causes property values to increase…
Despite the challenges of cost-of-living pressures and high-interest rates, property prices just keep rising. This trend is driven by a number of factors, including a chronic shortage of new homes at a time of strong population growth, high building costs, and a tight rental market, all of which boost housing demand. The shortage of new…
Over the past two decades, the average growth in the median house price across the top five capital cities has been 5.3% p.a. This rate is considerably lower than the preceding 20-year period from 1983 to 2003, during which median house prices grew by 8.7% p.a. This significant difference in growth rates has substantial implications…
How do you choose an investment-grade property? One that will outperform the averages and deliver wealth-producing rates of return? Well…you probably know by now that property investment is part science and part art. The art component is the market intelligence that comes from decades of experience in buying and investing on the ground. And this…
Over the last four years, the gap between house and unit prices in Australia has widened to record levels. Historically, houses have commanded higher prices than units. However, since the pandemic began, this disparity has grown significantly, with house prices surging by 44.2% compared to pre-pandemic levels, while units have seen a more modest increase…
In a remarkable display of market strength, Australian homeowners in key capitals have witnessed their property equity soar by over $100,000 in just the past year. The PropTrack Home Price Index for March reveals a noteworthy trend: even with a surge in listings, property prices have not only held firm but reached new heights, underscoring…
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
When it comes to property investment, there’s no shortage of information available about what budding investors should do in order to ensure success. And just as important are the pitfalls to avoid so you don’t become a statistic of the property game. While many investors start out with the intention of making it big in…
Melbourne, often hailed as the cultural capital of Australia, boasts a vibrant real estate landscape, particularly in the realm of apartment developments. With its thriving economy, diverse neighborhoods, and dynamic lifestyle offerings, it’s no wonder that Melbourne continues to attract investors, homebuyers, and renters alike. However, amidst the plethora of options, finding the top new developments…