Median prices have dropped in some of Australia’s posh neighbourhoods over the past year, but this doesn’t necessarily mean it’s a buyer’s market for those seeking a bargain. Nor does it mean that all properties in those suburbs have fallen in value. In fact amongst the myriad property statistics available these days median price is…
Australia has entered a new phase of the property cycle – the recovery phase, something that doesn’t happen very often. Markets have begun to shift and prices adjust at a time when many property owners are battling steep interest rate rises, high inflation, and low consumer sentiment. For example, the rising cost of living and…
Commentators often refer to the price of property relative to household incomes. For example, it is estimated that property in Melbourne and Sydney now costs more than 10 times the median household income. But is this really a meaningful measure if it is, property cannot continue to grow at a faster rate than incomes (a…
Australia’s housing recovery has gathered momentum, with combined capital house prices producing the steepest quarter-on-quarter gain since late 2021. House prices have now risen for nine consecutive months, in many locations making up for all their losses during the 2022 downturn, proving that we’re now well and truly into the next phase of the property…
Our housing markets experience ups and downs don’t they? Although home prices experienced a dip in 2022, it was nothing compared to the surge experienced during the pandemic when interest rates hit record lows. Looking back over a longer period of 10 years, it is clear that almost all suburbs have experienced price growth, with…
Not that long ago the media is awash with talk of a 40-year high in inflation, rising interest rates, a potential property market crash, and our economy falling into recession. Not to mention Russia’s war with Ukraine causing a spike in energy prices and fuelling supply chain issues. Of course inflation seems to have peaked…
The unprecedented property boom of 2021 saw the price gap between Australia’s houses and units tighten to just 9.6%, but now the tide is shifting, and that price gap is widening once again. In September 2021, the national median house price was $570,000, 9.6% higher than the median unit price of $520,000, REA explains. But…
The past decade has been a whirlwind of change in the housing market across Australia. The numbers don’t lie: in nearly one in three Sydney suburbs, house prices doubled in the past 10 years. But what does this mean for the future of property investment? Sydney’s Surge Despite the sharp downturn during the APRA-induced credit…
Townhouses have been around for a long time, with demand for this type of dwelling picking up more recently and this will only get stronger. Where is all this demand coming from? I can break it into two separate demographics; young families and retirees. But this is only occurring in a certain location – let…
As Australia’s strongest property market throughout 2021-22, Brisbane has benefitted from significant internal migration and strong demand for its lifestyle suburbs. Many parents and savvy investors have crowded the Brisbane property market looking for affordable lifestyle suburbs in some of the most sought-after school zones. And did you know how much a school catchment area…