The high end of Melbourne’s prestige property market surged during the pandemic-induced property boom of 2020-early 2022 and while the markets across the board have cooled as the cost-of-living crisis strikes, some of Australia’s richest continued to splash out on record-breaking multi-million-dollar property sales throughout the past 12 months. The surge in property prices wasn’t…
How long does it take for property values to double? After all, capital growth is one of the main reasons people invest in residential real estate. But it’s not that simple. The problem here is that naive investors believe this myth and buy any old property thinking it will double in value in a decade…
After experiencing the sharpest downturn in Australia’s housing market history, new research by JP Morgan suggests that the situation could soon turn around. The research shows that house prices, which fell by 9.1% since their peak in May 2022, are expected to stabilize sooner than many are predicting. At the beginning of this month: Dr….
Have you ever wondered where Sydney’s richest people live? Recent data from the Australian Taxation Office (ATO) has revealed Sydney’s highest-earning postcodes where average individual incomes easily fetch three zeros, the houses are bigger and the suburbs are more elite. In fact, the data highlights the stark divide between the richest and poorest Sydneysiders with workers in the…
There is always a lot of attention on Sydney and Melbourne’s affluent areas and property markets, but what about the wealthy Australians in Brisbane? Where do they live? Unfortunately, Queensland postcodes didn’t feature on the ATO’s recent top 10 suburbs rich list. However, there is an abundance of wealthy residents and high-priced properties, so with the…
A lot has happened to our property market over the last year, hasn’t it? For one, the property boom of 2020-21 ended. Obviously, a property cycle is exactly that – a cycle. While homeowners and property investors enjoyed the strength of the “once-in-a-generation” property boom (which will go down in history and long remembered), that…
While it’s not rocket science, it’s not easy to research our property markets given the array of jargon and information and the many mixed messages that are out there. So, in today’s podcast, I would like to chat with you about some of the many sources of research data that we look into to ensure…
It’s been well documented that property prices rose significantly over the course of 2020 and 2021. According to the Real Estate Institute of Australia, median house prices in eastern capital cities rose between 30% to 40% over those 2 years. However, unfortunately, apartments underperformed compared to houses in a big way. I wanted to discuss…
Picture this. It’s 1981. The first Walkman has just been released, the space shuttle has not yet made its first flight, the first London Marathon is scheduled, and, importantly, the 1981 Australian Census is set to take place. A lot has changed in the last 40 years. We’ve moved from Walkman’s to wearable technology, and…
Picture this. It’s 1981. The first Walkman has just been released, the space shuttle has not yet made its first flight, the first London Marathon is scheduled, and, importantly, the 1981 Australian Census is set to take place. A lot has changed in the last 40 years. We’ve moved from Walkmans to wearable technology, and…