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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The luxury property market continues to show impressive strength, backed by several celebrities who are making their moves. If you’re feeling tentative about putting your home on the market, perhaps you’ll be swayed by these superstars. Goodbye Yellow Brick Road Elton John has put his two-level Atlanta condo on the market. It’s on the 36th…
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American property prices continue to defy the gravity of higher mortgage costs with values rising for a fifth consecutive month. While sellers are staying away in historic numbers, the average price of property has increased 1.9% in the past 12 months, according to the Case-Schiller index. The National Association of Realtors (NAR) has added further…
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If you’re a first-time buyer, you’d be excused for looking for any market statistic that will offer a positive outlook. Buying your first property is a wonderful time in your life, but it can come with the challenges of finding the right property and making sure you beat other buyers to the prize. As we’ve…
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Investors across America are still enjoying a boom in rental earnings according to the latest report from the real estate brokerage, Redfin. Average rents are just $2 a month down on the record prices that were set last year at the height of the post-Covid inflation spike when rents were rising by more than 12%.…
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