Mortgage rates are dropping against a background of a weak economy, and many pundits are trying to work out whether the current scenario will send property prices north or fail to ignite the market. Many believe that the current Official Cash Rate (OCR) of 4.5% will drop a further 1% to help revitalise the economy. …
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Signs of an immediate uplift in the momentum of the New Zealand property market have emerged following the Reserve Bank of New Zealand’s decision to cut the Official Cash Rate (OCR) by 0.25%. Taking the OCR to 5.25%, the mid-August move by the Reserve Bank was the first rate cut in more than four years.…
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Creating wealth for later in life is a goal most of us embrace and spend our entire working lives trying to accomplish. And for the vast majority, property investment is a huge component of their strategies. Many young people today feel the idea of owning property is beyond their reach. However, there are strategies to…
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In the ever-changing world of real estate, it pays to stay informed. Listening to a podcast is a great way to stay up to date and learn valuable new tips without it feeling like hard work. And what better way to do that than by tuning into the best property podcasts the country has to…
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The rapid advancement of technology and AI is revolutionising the real estate industry and changing how properties are being bought and sold. Here are four technological advancements that can save you money and time, and reduce stress. Virtual Tours Virtual tours allow buyers to explore properties remotely through immersive 3D walkthroughs and interactive videos. This…
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As the old saying goes, life’s only inevitabilities are death and taxes. In the world of real estate, we’re facing not death but a so-called “silver tsunami” of aging owners who want to downsize or move into a retirement village. The need for our seniors to leave their family home is often hampered by transaction…
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Industry data and commentary may suggest the post-Covid rebound in our national real estate market is losing steam, but home-loan data suggests otherwise. In the latest figures released by the Australian Bureau of Statistics, the total value of new housing loans rose 3.9% month-on-month in July to $30.6 billion. Investors are leading the charge. Their…
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For the 19th consecutive month, Australian property prices recorded value growth despite continuing high interest rates and an economy showing slightly higher unemployment and weakening fundamentals. Leading industry researcher CoreLogic said values were up a further 0.5% month-on-month in August, delivering a rolling 12-week growth rate of 1.7%. The market has been unable to sustain…
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After four years of record-breaking rental growth, investors and landlords are now moving into a period of consolidation. Industry research CoreLogic says its latest rental data shows rents grew 0.1% in July – the smallest increase since 2020. Over the previous 12 months, rents increased by 7.8%, which is still substantially above the rate of…
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As the weather warms, buyers will find an increasing number of homes with swimming pools coming onto the market. Spring and summer are the ideal times to sell a home with a pool, and many buyers will get caught up in the exciting prospect of enjoying hot days in their own pool. For many, it’s…
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