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Home values have risen in the vast majority of Australian suburbs this year, with buyers and sellers returning to the market as confidence improves and interest rates stabilise. The remarkable turnaround has come despite dire predictions a year ago that prices would continue falling in 2023. ...
Read MoreAccording to the National property Finance and Investment Corporation, the number of first-time home purchasers using the federal government's Home Guarantee Scheme since its debut four years ago has increased as it becomes more difficult to enter the property market. In order to avoid paying mo...
Read MoreThe RBA suspended interest rates at its October meeting for the fourth month in a row, a move that will bring huge relief to millions of borrowers across the country. On Tuesday afternoon, Australia's central bank announced it would maintain its base interest rate at 4.1%. This is also th...
Read MoreIn August, home values increased across the board by 0.8%, making it six months in a row that home values have increased. While real estate values nationwide experienced a sixth consecutive month of rises, Adelaide and Perth were the outstanding real estate markets during the past month. ...
Read MoreThe rental vacancy rate in Queensland has hit its lowest ever, falling below 1%, with the worst affected region being Brisbane, falling by up to half a per cent. Queensland's vacancy rate has dropped below 1% for the first time. This latest PropTrack Market Insight report, released on Saturda...
Read MoreThe real estate market in Australia has recovered and reached new heights. The Australian real estate market is no longer in a slump. In fact, it has increased to $10 trillion in combined value, which was previously its all-time high. For comparison, Australia's GDP (gross domestic produc...
Read MoreBoth shares and real estate have nearly tripled in value over the past 20 years, but one of these common asset classes offers more advantages. Which of our two most popular investment assets is the best has been a topic of discussion for as long as Australians have been making investments. ...
Read MoreIn a few major cities and rural areas, the residential market is still poised for large rent hikes and capital growth. Right now, the mood of the market is best characterised as unsure. While people's expectations of long-term growth compete with the effects of rising interest rates over the pa...
Read MoreAfter meeting with state and territory leaders in Brisbane, the prime minister praised a "better deal for renters" and a plan to increase housing supply. The new goal, which will begin in July of next year, is to construct 1.2 million new dwellings over a five-year period. The new goal surpas...
Read MoreThe news that Australia's punishing round of interest rate hikes is either over or extremely close to being over should give battered mortgage holders and potential buyers some comfort. Following two much-needed rate freezes, economists now expect the Reserve Bank of Australia (RBA) to either...
Read MoreAccording to the most recent PropTrack data, Brisbane City has continued to dominate Greater Brisbane by selling the most properties over the past 12 months. In the past year, the Brisbane CBD has sold 768 units in total, nearly 300 more than any other suburb in the capital region. The median u...
Read MoreAustralians should prepare for a new market peak by next year, experts warn, should property prices continue to rise at the rate they have in recent months. According to new data, Australians looking to purchase real estate can anticipate prices to reach a new high by the start of next year. Ac...
Read MoreBrisbane is one of the states with the fastest rates of growth, and by 2028, the population of the metropolitan area will have surpassed 3 million. So, where are all of these people going to live? In a recent release, Dr. Diaswati Mardiasmo, chief economist for PRD, addressed the issue at hand b...
Read MoreCoreLogic's daily dwelling values index, which tracks changes in home prices across the five major capital city markets, increased by 0.32% in the week ended July 13 after taking a break the previous week. This came after the Reserve Bank of Australia decided to maintain the benchmark cash ra...
Read MoreDoes the current market's pricing support the idea that Australian home prices double in value every ten years? The answer is somewhat complex, according to Cameron Kusher, director of economic research at PropTrack. However, even though some markets have succeeded in that market over the past t...
Read MoreMortgage holders will be able to exhale in relief after the RBA decided to stop raising interest rates at the board meeting on Tuesday. The Reserve Bank of Australia has granted Australian borrowers a reprieve after pausing its interest rate increases for just the second time in the past 14 meet...
Read MoreThere is a record-high demand for sharehouse living, with up to 120 people competing for the same room in some Queensland suburbs. According to recent data from Flatmates.com.au, May was the busiest month on record for the website, with 69,400 new users signing up, up more than 36% from April an...
Read MoreMore than 20,000 people a year are expected to cross the border, with Queensland gaining the most residents as they leave other states in the coming years. In addition, the state is expected to grow more quickly than previously anticipated, surpassing 5.5 million citizens in one rather than t...
Read MoreWith the rise of regional living during the pandemic, as well as technological advancements, more investors are turning to real estate markets outside of their own neighbourhoods. The average distance between landlords' homes and their investments, according to data from MCG Quantity Surveyors, ...
Read MoreAccording to PEXA's most recent Property Insights report, Australia will record more than 730,000 property sale settlements nationwide in 2022, demonstrating how passionately Australians remain about real estate despite a year of record interest rate hikes. Property sale settlements decreased na...
Read MoreDue to Australia's persistent inflation problems, the RBA has dealt a harsh blow to borrowers all over the nation with its most recent rate increase. The Reserve Bank of Australia (RBA) raised the cash rate by 25 basis points on Tuesday afternoon, bringing it to 4.10 percent. From the histori...
Read MoreWith a new report from property data group PropTrack warning price hikes are only just beginning, Australia's rental crisis is predicted to worsen. The report paints a gloomy picture for struggling households, suggesting that the situation may already be worse than currently believed given the l...
Read MoreAs part of a package of budgetary measures, the Albanese government has increased the fortnightly rental assistance budget by 15 percent. This means that more than 1 million Australians eligible to receive the payments will have an increase of 31 dollars per fortnight, they also expanded the elig...
Read MoreAlthough it's a minor point in Labour’s budget, this prediction could pave the way for Australia's housing crisis. While the country laments one of the worst housing shortages in history, the Federal Government's official nett overseas migration (NOM) forecast, which has been sharply increase...
Read MoreThe Olympics can have a major impact on a city. The influx of people and resources associated with the Games can bring economic, social, and cultural benefits to a host city. The economic benefits of hosting the Olympics can include job creation, increased tourism, and increased investmen...
Read MoreDemand constraints have increased rent rise in Australia, where vacancy rates have decreased to almost record low levels of 1.1% in the first three months of 2023. According to Core Logic. Rents are at an all-time low. The total number of rental postings nationwide dropped to just under...
Read MoreThe Australian property market is largely driven by population growth, factors such as job availability and confidence in the economy. Interest rates will have a minimal effect on the property market, as it is better to compare the rate of return on property against the rate of return on other in...
Read MoreSelling a business isn't easy and it shouldn't be a quick decision, but the benefits can be life changing. Here are a few things to consider if you're thinking of selling. 1. How will a buyer value my business? Don't be emotionally attached to the business when you're selling it. It's your 'baby...
Read MoreDo you know how to find, finance and negotiate the best price on your dream home or an investment property that will bring you a substantial return on your investment? Unless you're highly experienced in these area, you could be throwing time and money away. Here's how to achieve your real estate...
Read MoreYou Saved us Six Times your Fee! That's what a client said to me when I represented him recently as a Buyer's Agent. I was just doing my job. But it really shows you how important it is to work with someone who has your best interests at heart, rather than the seller's! Buying a home or an inv...
Read MoreAfter 25 years in Sales and 15 years in Real Estate, I have come to deeply appreciate the joy of Being of Service. What does this mean ? Being of Service to something, a person, a group, a community, a cause or a belief means to engage without expectation of reciprocation. To me it has become m...
Read MoreChanges will overall improve the relationship between tenants and landlords in regards to reducing disputes when it comes to repairs and maintenance, overall tenant security and protection along with improved transparency between the two parties. The key changes will include: Rent Increases ...
Read MoreA lot of things can be done to freshen up your property. Take a step back and think about what your property looks like to other people. You'll be surprised how much you don't notice on a day to day basis. Selling your property doesn't have to be a intimidating and daunting process. To prepare yo...
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