With industry research indicating property values are consistently rising at 0.7% – that’s on track for an annual growth rate of 8.4% – it’s a valuable exercise to validate reported market trends using data from the Australian Bureau of Statistics (ABS). The total value of residential dwellings in Australia rose $213.8 billion to $11.56 trillion…
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Limited stock of homes for sale is helping to push values higher as the spring selling season gets into full swing. Deal values have continued to edge higher every month since February, according to the latest data from industry researcher Cotality (formerly CoreLogic). The market has registered another 0.7% upswing for August. For metropolitan areas,…
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The industry research is clear cut – prices are rising consistently at 0.7% a month, and there are approximately 20% fewer properties on the market this spring than the five-year average for this time of year. That’s tough news for buyers. While we’ve experienced three interest rate cuts since February – and all the major…
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Buying an apartment requires a different approach to purchasing a house – you have an ownership structure to consider, along with strata fees and investment potential. In today’s fast-paced market, an increasing number of first-time buyers and investors are now tailoring their expectations to encompass apartments. As house prices accelerate in the current climate, an…
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Maximising the value of their home should be the goal of any owner planning to enter the market. Momentum has swung to the seller in the last few months with steady monthly price increases, three interest rate cuts this year and an estimated 20% shortfall in housing stock that would have normally been for sale…
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Average values for existing homes are on the rise and the National Association of Realtors has reported a year-over-year 2% increase in deals for July, putting America on track for an annual sales volume of 4.01 million for 2025. NAR said the median average value for a family home rose 1.7% year-over-year to $429,400 –…
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Leading industry researcher Cotality has published new research stating buyers are finding the process of a home “overwhelming” and more than 90% say they have had “at least one moment of doubt” during the transaction. The survey found issues tended to be grouped along generational lines. For example, Baby Boomers don’t love using the portals…
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Renovations are often at the heart of an owner’s strategy to maximise the value of their home, or for investors seeking top-dollar from rental income. But which renovations really sell a property or attract a top-paying tenant? Most focus falls on bathrooms and kitchens – two areas that are expensive to upgrade because of the…
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The ability to make your home look and feel bigger is an important part of preparing for a sale. There are several techniques to accomplish this goal, including repainting the interior in a consistent light cream or white. Darker colors tend to suck up the light in rooms, which makes them feel smaller. When light…
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Preparing your home for sale is a serious undertaking if you want to maximize the value of your home – and who doesn’t want to do that? And with the popular fall selling season getting under way, you have the ideal opportunity to tap into increasing buyer enthusiasm. Fall is one of the best times…
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