With Australia’s population moving through the fastest rate of growth since the 1950s, our cities and towns are naturally densifying. At a national level, the population density of 3.5 people per square kilometre (sq. km) is among the lowest in the world, highlighting our highly urbanised population where half the populace lives in the three…
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THE PROPERTY MARKET?
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- What is much more important than timing the market when it comes to property investment success
- 7 lessons property investors can learn from our research on timing and property cycles
Most property investors would give their second garage to know what’s going to happen to interest rates, wouldn’t they? While earlier this year many commentators thought interest rates would fall by the middle of the year, now the narrative is that interest rates will remain higher for longer than we had hoped. Even as wars…
I keep careful track of consumer confidence because it’s a good indicator of what’s ahead for our economy and property markets. And the latest ANZ-Roy Morgan Consumer Confidence report shows it dropped 3.2pts to 80.3 this week to its lowest level so far this year. The index has now spent a record 64 straight weeks…
Australia’s home prices have set another record. According to the latest Domain House Price Report, the combined capital house and unit prices experienced another quarter of growth — the fifth consecutive rise for houses and the fourth for units. The report indicates that while the pace of price growth has slowed compared to the previous…
Despite the challenges of cost-of-living pressures and high-interest rates, property prices just keep rising. This trend is driven by a number of factors, including a chronic shortage of new homes at a time of strong population growth, high building costs, and a tight rental market, all of which boost housing demand. The shortage of new…
The school holiday period continues to provide mixed results between capitals although listings remain elevated compared to the same period last year. Auction results around Australia, Saturday April 20th 2024: Capital City This Saturday Last Saturday Auctions Rate Auctions Rate Sydney 528 66.6% 750 71.8% Melbourne 801 69.4% 788 65.7% Brisbane 94 65.6% 67 61.3%…
The housing sector in New South Wales is facing a significant downturn, with apartment constructions plummeting since the introduction of additional taxes in 2017. Tim Reardon, the Chief Economist at the Housing Industry Association, highlights a stark 50% drop in unit commencements compared to previous years. “We’re witnessing apartment starts in NSW revert to levels…
Australia’s housing market has become harder for first-home buyers to access over time. The past two decades saw an increase of around 150% in the CoreLogic Home Value Index nationally, compared with an 82% rise in the ABS Wage Price Index. As a result, the wealth of property owners looking to buy their next home…
National vacancy rates have held steady at 1.0%, unchanged from February 2024 and down slightly from March 2023. The total number of rental vacancies Australia-wide now stands at 31,356 residential properties. Perth and Adelaide continue to record the tightest rental markets across our capital cities with each city recording a rental vacancy rate of just…
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…