For investors, prices in the bellwether markets of Sydney and Melbourne are beginning to strengthen, providing an immediate opportunity to achieve capital growth if you move quickly. Recent data from InvestorKit – a leading data-driven property investment advisory firm – shows a resurgence of market pressure within the inner and middle suburban rings of Sydney…
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Property values have now clocked up their fifth straight month of growth with all the signs suggesting prices may accelerate with the prospect of more interest rate cuts before the end of the year. Nationally, monthly values increased 0.6% with bellwether markets Sydney (+0.6%) and Melbourne (+0.5%) both strengthening in terms of auction clearances. Darwin…
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Construction costs appear to be climbing again as inflation continues to hamper new building projects and provides a sober reminder for renovators and buyers of new homes that your budget can get blown out of the water. Building materials became 0.5% more expensive in the June quarter, following an increase of 0.4% in the March…
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The New Zealand market is stuck in a bit of a groove right now. We’re continuing to see price stability nationwide with in-demand areas strengthening, while the stragglers struggle to gain buyer traction. Happy owners include those in Arrowtown in the Queenstown-Lakes, which has seen values rise an average $178,000 in six months, and those…
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Reading the tea leaves of today’s Kiwi property market is not an easy task. Sales are up, yet prices are flat. Record levels of inventory are starting to dwindle with a reported 5% fewer properties coming onto the market than 12 months ago. The Official Cash Rate (OCR) has dropped 2% since last September, but…
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Owning a home is more affordable now than at any time in the past three years, according to analysis from the Royal Bank of Canada (RBC). A negligible drop in values – down 0.2% in June compared with May – combined with an aggressive campaign of interest rate cuts by the Bank of Canada (BoC)…
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In the world of real estate, it’s becoming increasingly clear TikTok is having a massive impact on how we design and furnish our homes. It’s no secret a viral TikTok video can create waves worldwide. It’s also true that even moderately popular videos and viewpoints are influencing areas such as lifestyle, design and property choices…
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Now summer has finally arrived, it’s a wonderful time to start enjoying your garden. For those of you who are selling your homes this summer, you’ll find buyers will pay more attention to the front and back yards than at any other time of the year. So, it’s critical to look after your plants so…
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After more than a year in which three of our capital cities – Perth, Adelaide and Brisbane – streaked away in terms of value growth, all of Australia’s mainland cities now appear to be on similar trajectories. A new survey by the industry researcher Cotality (formerly CoreLogic) says growth rates between the capital cities are…
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After cutting interest rates more aggressively than any Western economy, the Bank of Canada (BoC) has decided it’s time for reflection and has kept the cash rate on hold at 2.75%, ending a 14-month run of cuts. The central bank held the rate at 5% from July 2023 to May 2024 before beginning a series…
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