The Darwin housing market is relentlessly continuing its decline, even as recoveries occur elsewhere. The Northern Territory is the most sparsely populated state or territory in Australia and seems much too far away for most investors to get excited about, especially with its house market on a seemingly endless downward spiral. Yet back in 2009…
There’s one capital city housing market that thrives during economic downturns, while others go backwards. Canberra’s housing market currently has the third highest median house price in Australia and it rose by two per cent over the last three months. Unlike Melbourne and Sydney’s recent roller coaster housing markets however, Canberra’s rate of price growth…
Want to know where Australian property sellers are the happiest? National research by RateMyAgent revealed that Aussies across the country are rising in happiness. It’s not surprising that seller satisfaction has doubled nationwide – being indicative of the steady upturn in the property market. This rapid increase was led by an explosive recovery in metropolitan Melbourne…
Melbourne is growing faster than most cities of similar size in developed countries. Population growth averaged more than 2.5% a year between 2011 and 2018. Other international cities that are also known for their livability typically recorded slower population growth than Melbourne. For example, over the decade to 2016, Vienna grew about half as fast…
They say house prices will only go up but new research by RiskWise shows that many SA4s throughout Australia carry values BELOW what they were worth more than 10 years ago. It was an urban legend that property prices doubled their values every seven years. That has been the conventional wisdom, but our research clearly…
While houses in Tasmania have enjoyed exceptional price growth in recent years, there has been a marked drop in this increase which is highly likely to continue. According to the latest RiskWise Property Research Risks & Opportunities Report, and as projected in previous reports, the Tasmanian market has been experiencing decelerated price growth over the…
Whether prestige or blue-collar areas, there are some suburbs where owners just don’t want to let go of their prized possessions. Many of them are run-of-the-mill family homes in suburbia while others are palatial estates in grand surrounds, but the one thing they have in common are holding periods well over 20 years. During the…
If you’re a property investor, I’ve got a warning for you. Some high-rise buildings are going to become the slums of the future. As a property investor, it’s important to recognise that you’ve got to own the sort of property that’s going to outperform the averages, and many properties in the future are going to…
Do you know which property market was the nation’s strongest for a period during the mid-2000s? While the title of this blog clearly gives the game away, I bet you’re still surprised that the answer is Darwin. Yes, the Northern Territory capital was once the envy of the country with its median house price increasing…
Currently many investors are wondering if it’s the right time in the cycle to buy property. They’re sensing the changed mood and recognising that the Sydney and Melbourne property markets are on the move again. But how important is it to get your market timing right? Probably a lot less important than you think. New…