The four-year trend of house values outstripping those of units has continued according to the latest study from industry researcher CoreLogic. The gap between house and unit median prices is now 45.2%, the equivalent of $239,950. When the pandemic arrived in March 2020, the difference was 16.7%. City house values have increased 33.9% ($239,000) since…
Read more
Predictions that coastal properties had their moment in the sun during the Covid-related property boom, and would experience price drops, appear to hold absolutely no water. New research has found that a third of Australia’s entire coastal property market has held on price, despite the 18-month period of interest rate rises designed to bring down…
Read more
Australian property continues to record value growth as the year gets into full swing, offering an opportunity for sellers to capitalise on the upbeat mood. The decision by the Reserve Bank of Australia to leave the cash rate at 4.35% is a significant sign, creating the possibility that buyer concerns about mortgage costs will now…
Read more
Backyard granny flats are facing a new future as state governments pull back on regulations around secondary dwellings to ease Australia’s housing shortage. With a naming history that stems from the fact they were originally built for and could only be legally used by the homeowner’s family members, granny flats have been given new government…
Read more
Australians are no strangers to natural disasters with a KPMG analysis in September 2023 revealing 18 million were impacted by at least one natural disaster the previous year. An El Niño event on the east coast this summer, plus a positive Indian Ocean Dipole event (IOD) on the west coast, resulted in a double whammy…
Read more
Overcoming your doubts about whether to transact in the property market this year will be half the battle to finding the next home of your dreams. There are so many issues affecting mortgage costs, that the act of buying and selling property can feel like a leap of faith. But, with the market likely to…
Read more
One common scenario in real estate is when market conditions or personal circumstances make property owners hesitant to sell or upgrade. This can lead to reduced inventory and slower market activity. However, market conditions inevitably shift, often creating new opportunities for both buyers and sellers. When market conditions begin to change, it’s important for property…
Read more
The biggest question for many young Americans starting out in life is whether it’s a smart play to keep renting or if now is the time to jump into the property market. Only a few years ago, this would be a simple question to answer because money was cheap with rates in the 2% to…
Read more
It’s always fun to see what the hottest home trends will be for the year, even if they won’t suit your property. Website Zillow has highlighted six of the zaniest trends in interior and exterior home design, most of which are suitable for the luxury end of the market. However, super-luxe trends can cascade down…
Read more
With the property market showing all the signs of a recovery later this year, first-home buyers may want to start formulating purchase plans for the coming months. Diligent planning and research around location, property styles, size and finance will accelerate the buying process and limit the risk of mistakes. Key to a successful strategy is…
Read more
