With two months of data under our belt, the picture for property market is becoming clearer. Last year, property values increased almost everywhere, often by double digits. However, that’s not how our property markets typically work or what you should expect of them this year. Moving forward, you can expect the Australian property market to…
Where are our property markets heading in 2022? Now that we’ve got two months of data under our belts the picture is becoming clearer. Last year property values increased in almost every location around Australia, and that’s very unusual. Around 98% of locations across Australia recorded price uplift; most had double-digit growth and the value…
How will you know when you are rich? How much money is enough? When I was young I wanted to be a millionaire by the age of 30. One million dollars was a lot of money then. By the way… I didn’t make it – I wasn’t a millionaire by 30, but I did own…
As we start a new year it’s interesting to look back and reflect on the challenging year we experienced in 2021, and how well the Australian economy and Australians, in general, have survived. It wasn’t really that long ago that there were credible predictions that tens of thousands of Australians would lose their lives, the…
If you want to take advantage of our property markets and become financially independent, today’s show is for you, because I’ve got 3 segments during which I share a number of concepts that will help you along the way. First, we discuss whether property investing is an art or a science. Spoiler alert: it’s both….
Interest rate bingo entails making a successful guess about when we’ll see our first interest rate rise in Australia since 2010, and for most of the year, it’s been even money that the increase will come in early 2024. Ever since November 2020, when the Reserve Bank of Australia (RBA) cash rate landed with a…
2021 will be remembered as a year when our property market defied the odds and boomed. Domain’s End of Year Wrap shares an overview of the year and Dr Nicola Powell, Chief of Research & Economics for Domain, defines 2021 as the year we re-imagined our homes. She explains: The challenge of grappling with a…
Do headline-grabbing horror stories about murders or riots steer potential property buyers away from some suburbs? Does the “celebrity effect” really does improve buyer demand in others? In late 2005, thousands of angry, alcohol-fuelled rioters engaged in an orgy of assaults and violence now known as the “Cronulla Riots”. It was widely considered that these…
The topic of rising inflation and its potential impact on interest rates has been dominating the financial press over the past few weeks. The bond markets expect that higher inflation readings will force central banks to raise interest rates. It’s my opinion that higher inflation is likely to be temporary. And it’s also useful to…
Domain’s September Quarter 2021 House Price Report shows Australian house prices experiencing a historical rate of growth at 21.9 per cent. This is the fastest annual rate of growth on record with median house prices at almost $1 million nationally. Although house and unit price growth rate has been the fastest on record, quarterly growth…