Moves by APRA, migration outflows, mortgage demands, and overvalued house prices lead us to predict a housing market cool down. The Australian property market has enjoyed incredible growth in the past two years, pushing aside predictions that the global pandemic would cause property prices to plummet. Australia’s property market has sustained strong price gains through… Read more »
CoreLogic’s November property market analysis saw house values rise 1.3 per cent for the month – the 14th consecutive monthly rise – for an annual rise of 22 per cent. That means the median value of an Australian house has risen $126,000 in a year. That’s a $126,000 increase in the equity in your property, which means… Read more »
There are benefits for home owners during a property boom. One is that the equity in your property rises, adding to your wealth. While the value of a loan basically stays the same, or reduces if you’re on a principle and interest loan, a rising property market means the share you own in your place… Read more »
Australia’s first national network of buyer’s agents BuyersBuyers, says that a renewed focus on property through the pandemic has helped to drive a record increase in Australian household wealth. “The latest Australian Bureau of Statistics figures showed total net wealth increasing by $735 billion or 6 per cent to a record high of $13.4 trillion… Read more »
Don’t underestimate the impact of psychology on a property’s sale price. After all, for many, buying a home is much more of a psychological decision than a logical one. With the real estate market undergoing an unexpected boom, more property owners are considering selling up. Whether it’s to claim capital gains accumulated over the years,… Read more »
The NAB has revealed the suburbs across Australia where it’s cheaper to buy than rent, and they are surprisingly not exclusively in regional areas. The rocketing price of houses and units across Australia has been all over the headlines lately. Since September 2020, capital city house prices have risen by 14 per cent, leaving them… Read more »
We know residential property values have been booming, but it seems we have a two-speed property market. Houses are doing much better than home units. Maybe with all these lockdowns Aussies are chasing more space to cope? Plus the home unit market is affected by an over-supply of stock from new construction and previous Airbnb… Read more »
If you want to make sure you never overpay for a property it pays to keep your emotions in check. I pride myself for never becoming emotionally entangled in a property purchase, but that’s easy for me because I am an accountant by trade. I’m pretty sure most accountants are born without emotion anyway! But… Read more »
It is one of the age-old questions asked by property buyers. In a particular area, is it cheaper to rent or buy? Property analysts CoreLogic has come up with the answer. Servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. Which means for 64 per cent of properties… Read more »
There are definitely some key property investment warning signs to keep an eye on. That said, I am a firm believer that when it comes to property investment there isn’t one single ‘right strategy’ that suits everyone. Choosing a successful strategy should come down to your attitude to risk, time availability, skill, and financial circumstances… Read more »
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