Some of the biggest mansions in Australia are fetching record prices as it becomes clear that demand for luxurious homes in Australia is far outpacing supply. And it’s not surprising given that the number of ultra high net worth (UHNW) individuals in Australia is surging, with many of the world’s richest drawn in by our…
We’re now 16 months in to a new property cycle. Early in 2023 our housing markets reset, and property values started rising, despite the fact that the RBA kept raising interest rates. So what happened? What changed? And what does it mean for the future of our property markets? To help understand what’s ahead and…
In Perth’s dynamic property market, house and land packages are proving to be a savvy financial strategy for many homebuyers. These all-inclusive deals offer you the opportunity to purchase a plot of land and construct a brand-new home in one seamless transaction. This approach is becoming increasingly popular as it simplifies the process of buying…
Amongst the myriad property statistics available these days is one that sometimes is given too much attention if you ask me. I’m talking about median prices, which on a good day, can show property investors which suburbs they can likely afford to buy into. However, on a bad day, some people think they’ve made big…
With property values rising for 15 months in a row and talk of interest rate cuts on the horizon, is the Australian property market gearing up for a new boom in property prices this year? Well, there are clues in the news as to what’s ahead, which I’m going to discuss in this month’s Big…
From high property prices to restricted borrowing capacity and even sky-high rent costs, it’s harder than ever for first-home buyers to break into the property market. The Reserve Bank’s 13 interest rate hikes, sluggish wage growth, and higher deposits are just some of the many factors that have put many buyers on the back foot….
In a remarkable display of market strength, Australian homeowners in key capitals have witnessed their property equity soar by over $100,000 in just the past year. The PropTrack Home Price Index for March reveals a noteworthy trend: even with a surge in listings, property prices have not only held firm but reached new heights, underscoring…
In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
New data reveals the Australian suburbs in each State where house price growth has outperformed the rest over the past 12 months. PropTrack data highlights suburbs with the strongest growth in values over the past year in each statistical area 4 (SA4) region, which are geographical areas defined by the Australian Bureau of Statistics with a minimum population…
From granny flats to kitchen renovations and even new driveways, Aussies love to look for property upgrades that will increase the overall value of their property. After all, renovations are a great way to make your home more functional, comfortable and liveable. Have you ever wondered if adding a swimming pool is one of the…