Aussie Rents Continue To Climb
Aussie Rents Continue To Climb The huge demand for rental properties at a time of ultra low vacancies pushed rents up in 2021 to their highest calendar year growth in 14 years. The latest CoreLogic quarterly Rental Review shows rents increased 9.4% in 2021, only slightly lower than the previous record in 2007 of 9.44%. […]
Australian homes are now among the biggest in the world
We Lead The World On House Size Australian homes are now among the biggest in the world. The United States is the only other nation which is building homes as large as ours. Incoming president of the Australian Institute of Architects, Shannon Battisson, says the average floor space of a new freestanding home in Australia […]
300+ Suburbs Hit $1mil Median
300+ Suburbs Hit $1mil Median An additional 311 Australian suburbs now have median house prices of $1 million or more, with Sydney and regional NSW accounting for the largest number of new entrants. CoreLogic data shows that between May and December 2021, 38% more suburbs recorded a median price of $1 million or more. In […]
Investing in Property and understanding risk
A case study- understanding risk Would you choose to buy in Moranbah or in Toowoomba? Right now it appears a fairly easy choice between the two Queensland centres, but 10 years ago it was a very different scenario. The central Queensland mining town of Moranbah remains our greatest example of a boom-bust scenario. Until 2012, […]
Confidence In Property Sector Rises
2022 Will Be A Busy Year We’ve witnessed in 2021 the most extraordinary year ever in Australian real estate. Amid lockdowns and other restrictions, prices nationally have increased 25% for houses and 14% for units. The new year promises to another growth year, notwithstanding the media’s attempt to construct an imaginary scenario of rising […]
RBA Reaffirms Rate Stability
RBA Reaffirms Rate Stability The Reserve Bank has reiterated that it does not intend to lift interest rates next year, despite growing industry speculation of a rise. This week, at the final board meeting of the year, the RBA left the cash rate at 0.10% and Governor Philip Lowe announced that the latest data and […]
Economist Refutes 10% Price Drop
Economist Refutes 10% Price Drop Speculation that property prices may fall by more than 10% have been quickly refuted by economists. Commonwealth Bank last week forecast price falls by 2023 as high as 12% in Sydney and Hobart, 10% in Melbourne and Canberra, 9% in Perth and 8% in Brisbane, Adelaide and Darwin. Economist Dr […]
Benefits of using a Buyer’s Agent
Do I need to use a Buyer’s Agent? Who is a Buyer’s Agent and what are the benefits of using a Buyer’s Agent? Buyer’s agents, also known as buyer’s advocates, are licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer. What’s the difference between a buyer’s […]
Rental Shortage Crisis Bites
Rental Shortage Crisis Bites Investors may be returning to the market but their participation remains below long-term averages, leading to a rental shortage crisis. Analysis by Property Investment Professionals of Australia (PIPA) shows that, while between 2007 and 2017 investors made up about 35% of the property market, in the past four years that has […]
Where do we learn about money?
And how our beliefs impact our actions Did you know 44 per cent of lotto winners lose their entire fortunes? That’s because it’s not about how much money you have; it’s about what you do with it. Money is a core survival issue. It’s central to our lives, regardless of how much you earn, where […]
