It is becoming increasingly difficult to buy an investment-grade house for under $1 million in Brisbane, Melbourne, and Sydney. This begs the question; if your investment property budget is less than $1 million, where and how do you invest it? Brisbane is becoming more difficult In early August 2021, I presented an investment case for buying an…
Sydney’s property market enjoyed a whirlwind of activity over the pandemic era as cheaper borrowing caused a boom in demand at a time when supply was scarce. And it was the cities with a clear lack of available properties to purchase where prices rose the most rapidly. A recent report on the holding periods of residential property buyers…
The extraordinary momentum of Australia’s property market in 2021 fizzled out at the beginning of 2022 with prices cooling from their peak amid raising interest rates and tapering demand. The combined value of all residential real estate was estimated to be $9.5 trillion at the end of October 2022, according to the latest Corelogic data….
When you’re raising a family, your needs evolve and what you want out of a home is quite different from the things you held dear previously. Living in an area with a local coffee shop where the barista knows your name might still rank towards the top of your list. But other property features, such…
Investing in property isn’t as straightforward as you might think, and if you don’t do it right, it could end up costing you a fortune. I always say: “Don’t let your emotions get in the way of your property investment decisions.” In fact, of all the common mistakes property investors make, this is where most…
There is a lot of excitement around the Tasmanian property market. While the Apple Isle is projected to deliver strong capital growth, at least in the short-term – making it an attractive destination for investors — there are few things to consider before signing on the dotted line. With Sydney and Melbourne falling off the…
Brisbane was Australia’s strongest property market in 2021 exhibiting astonishing growth, with many locations experiencing 30+% house price growth. And as growth slowed in other parts of Australia, Brisbane’s housing markets continued to perform strongly in the first half of 2022, even despite the devastating floods earlier in the year. Also unlike the two other…
Melbourne’s property market was hit hard by the city’s multiple and extended Covid-19 lockdowns throughout the height of the pandemic, but now buyers are back in force. The city’s 260-day lockdown and high property prices saw Melbournians flee our southern state in huge numbers, losing 4,864 people in the March quarter of 2021 alone. Prior…
In mid-2021, I wrote this blog: “Don’t buy a property in this market…” because, at that time, many property buyers were over-paying for a property just to get into the market. I call it the FOMO premium, for lack of a better term (more about this below). My thesis was that since it’s never wise to allow…
Historically, house prices don’t go through wild boom and bust phases. Instead, we tend to see a period of gains – quite often surging, followed by a slight decline or flatlined pricing according to Dr. Nicola Powell, Domain’s Chief of Research and Economics Interestingly, Domain’s latest analysis of Australia’s combined capital house price cycles reveals…