We know we are experiencing a housing crisis, due to a shortage of dwellings to buy and rent and this has, in part, been brought about by challenges within the residential construction industry. Capacity constraints, rising costs, and tight housing supply have driven up prices for existing homes and rental rates. PropTrack examined the significant…
Australia’s national property prices reached a new peak in March, having lifted for 14 consecutive months in a row. The latest PropTrack data shows property prices have increased 1.57% so far this year to sit 6.79% above March 2023 levels. Compared to that 6.79% property price growth, wages grew at a (still impressive) 4.2% over…
More new homeowners are rejecting yesterday’s sentiment of owning their own castle and buying investment properties before their own home instead. Driven by affordability and smart financial forecasting, Australians are investing as they’re starting to see the benefit of owning rental properties as a strategic move up the property ladder. Our investors are getting younger,…
You’d have to be living under a rock not to know that apartments have underperformed houses in the last decade or so, so today I explore the reasons behind this trend, its implications for investors, and what future trends we might anticipate with independent financial advisor, Stuart Wemyss. We also discuss what criteria you should…
It’s no secret that Australians are now valuing sustainable, energy-efficient homes not just for environmental reasons but as a smart way to save money. With the cost of living pressures escalating, incorporating energy-efficient features into homes is becoming a financially savvy strategy. This trend is especially relevant as high utility bills are increasingly stretching household…
Australia’s rental market experienced a reacceleration of rental growth over the first quarter of 2024, leading to record-high asking rents, Domain’s latest Rent Report March Quarter 2024 reveals. According to Domain, while Australia’s perilous rental market appears entrenched in a never-ending run of rent rises, a tipping point is still likely to be reached in…
Aussies earning a higher income are being increasingly caught in a rent trap as property prices soar nationwide, and it’s only worsening our rental crisis. New data shows that in 2021, almost one-quarter of Australia’s renting households were earning an income of $140,000 or above, compared to 8% of renting households earning the same level…
Demand for share housing has hit record levels according to data from Flatmates.com.au This surge is a direct response to the escalating housing crisis, where both buying and renting have become prohibitively expensive, driving more people towards shared living arrangements. 2024 Rental market overview: no relief in sight The start of 2024 has not brought…
Australia’s rental market is in crisis. Vacancy rates have dropped to all-time lows, rental stock remains extremely slim, and rental prices continue to skyrocket. So how did we get into this rental crisis? How long will it last? And what does it mean for property investors? Currently, the rental markets in Australia still heavily favour…
class=”prices-cycles” Sample table’s design: Onset of Feb 2024 Δ COVID to 2024 Δ from peak to Feb 2024 Peak date Sydney 24.80% $224,391 -1.90% 22-Jan Melbourne 11.00% $77,386 -4.10% 22-Mar Brisbane 53.50% $280,881 <at peak> 24-Feb Adelaide 55.30% $259,070 <at peak> 24-Feb Perth 52.90% $237,678 <at peak> 24-Feb Hobart 27.30% $140,089 -12.20% 22-Mar Darwin 24.60%…