There’s a new sway of million-dollar suburbs in Melbourne suburbs where the median house price has cracked one million dollars according to the REIV. While Melbourne housing values suffered because of its extended lockdown which severely impacted market activity in 2020 since late October the Melbourne property market has rebounded strongly despite its intermittent Covid…
Australia’s $3 million suburb club has doubled again in 2021 thanks to the housing market boom, as the luxury property market powers ahead during the pandemic. The hot pace of property price growth this year has led to more suburbs cracking the $3 million median house price, realestate.com.au senior economist Eleanor Creagh said. “The luxury…
More than 30,000 Australians relocated to the Sunshine State in 2020, a 15-year high. In the three months to last December, almost 5000 moved north just from Sydney and Melbourne. With a population of roughly 3.7 million, Queensland’s southeast corner is already the nation’s fastest-growing zone. Forecasts suggest it will top five million by the…
The Council of Financial Regulators today announced APRA will consider possible macroprudential policy responses to address the medium-term risk created as a result of surging loan sizes. Ultra-low interest rates, strong demand for housing and soaring prices are stretching more borrowers into higher debt-to-income brackets. While the regulator’s focus is on lending standards, changes under…
I noticed an interesting trend developing over the few months before the current Covid Cocoon locked down our property markets. In those booming days, there were more buyers purchasing their property before auction than ever before. Driven by FOMO (fear of missing out) and record-high property prices across the country, the number of pre-auction sales…
Land tax is levied on the value of an investor’s landholdings on 31 December each year. It is an insidious tax as any land tax is relatively small when you initially purchase an investment property but typically increases each year. As such, the problem is that it can become quite costly by the time you…
Melbourne and Canberra’s property markets have officially broken the $1 million mark for median house prices during the June quarter as a ‘perfect storm’ of factors continues to drive our property prices higher again across all capital cities. Australia’s national median house price has climbed exceptionally close to the million-dollar mark at $955,927 – which…
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…
Booming property prices across Australia means workers with an average income are watching their dreams of homeownership slip further and further away. According to the latest ATO data, the average taxable income for Australians in the 2018-19 financial year was $62,549. Meanwhile, according to this home loan borrowing calculator, that would give a single person…
What information do you analyse when you decide to invest your hard-earned money in property? I know firsthand just how much information and data there is out there to try and get your head around. It can easily lead to a serious case of analysis paralysis. Adding to that, you will soon find that almost…