The old myth that you shouldn’t sell in winter doesn’t seem to be credible with some of our celebrities, who’ve put up a range of properties for sale in the last few weeks. Of course, their properties neatly fit into the super-luxe category, which rarely struggles regardless of the economic cycle or time of year.…
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For the first time in more than a year, New Zealand’s property prices have started to edge higher after a long period of interest rate rises. The average price of a home has been benchmarked at $952,000 in the latest House Price Report for October released by the OneRoof website and industry researcher Velocity. Auckland…
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If you’re saving for a first property or your next dream home, it pays to carefully watch market indicators that offer a strong sense of where the property scene is heading. Why is this important? Fundamentally, because you need to be ahead of the curve. You want to avoid being caught up in the surge…
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Investors with national property portfolios need to understand the recent housing policy released in Victoria. State-based changes always have a fundamental impact on investors’ thinking. Most recently, we have seen concerns with Queensland policy proposals that its state government eventually stepped away from. However, that reversal didn’t happen before many landlords started putting their Queensland…
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A “looming shortfall” of medium-high density housing stock has been forecast by industry researcher CoreLogic, signalling a possible opportunity for investors. More than a quarter of the national housing stock (25.9%) falls into the medium-high density bracket, and CoreLogic sees trouble ahead with the latest data showing the nation’s population increased 2.3% to $26.4 million…
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There’s a possible silver lining for investors in the prediction from industry research group CoreLogic that rent growth will slow next year. Increases in interest rates, coupled with a historic shortage of rental properties across Australia, have been the main contributing factors to the rise in rents. CoreLogic has recorded 35 consecutive months of average…
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Australia’s real estate market continues to recover with a steady climb in the number of properties coming onto the market and being sold within 30 days. Industry researcher CoreLogic also reports fewer properties are now being discounted to secure a buyer. Where discounts were offered, the median value was down 3.8% in the three months…
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The rising cost of construction materials is finally coming off the boil. And that spells good news for house-and-land package buyers and those prepared to purchase either vacant land or demolish an older home to start again. The price pressure on construction materials began in June 2019 and hit the headlines during Covid. Quarterly price…
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As we approach the end of the year, it’s worthwhile taking stock of what has been a rollercoaster ride of emotions for real estate buyers and sellers. It culminated in three influential industry associations recently joining forces to persuade the Biden administration to urgently address home ownership affordability. The historically wide gap between the interest…
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Property market conditions can vary significantly, often presenting unique challenges for homebuyers. Navigating the real estate landscape requires careful consideration and preparation, regardless of current trends. The situation isn’t impossible, but it’s not helped when hikes in mortgage costs and, more significantly, the fact that owners stay out of the market. As a buyer, this…
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