For the 19th consecutive month, Australian property prices recorded value growth despite continuing high interest rates and an economy showing slightly higher unemployment and weakening fundamentals. Leading industry researcher CoreLogic said values were up a further 0.5% month-on-month in August, delivering a rolling 12-week growth rate of 1.7%. The market has been unable to sustain…
Read more
After four years of record-breaking rental growth, investors and landlords are now moving into a period of consolidation. Industry research CoreLogic says its latest rental data shows rents grew 0.1% in July – the smallest increase since 2020. Over the previous 12 months, rents increased by 7.8%, which is still substantially above the rate of…
Read more
As the weather warms, buyers will find an increasing number of homes with swimming pools coming onto the market. Spring and summer are the ideal times to sell a home with a pool, and many buyers will get caught up in the exciting prospect of enjoying hot days in their own pool. For many, it’s…
Read more
New business insolvency data is a sharp reminder for owners and buyers that the building industry is still operating on shaky ground across Australia. Those who want to renovate before selling, or buy land and then build, need to carefully consider their risks before pushing ahead. Insolvency data from the Australian Securities and Investments Commission…
Read more
Preparing your home for sale always takes a little time and a touch of elbow grease – after all, you don’t want your potential buyers to experience a cluttered and untidy home. The bathroom and kitchen are often the most time-consuming areas to clean before you open your doors to buyers. These are also the…
Read more
As we herald the start of the spring selling season, there’ll be a few owners who’ll be anxiously watching the trends for buyer demand and prices. Some owners won’t give it a second thought – they’re the ones selling in Perth, Adelaide and Brisbane, which are thriving markets currently. Those in the other capital cities…
Read more
Have you ever wondered why some houses achieve great sales prices while others are passed in at auction or languish on the market, slowly losing their value in the eyes of buyers? What is the magic formula for a successful property sale? Our agents will tell you there’s no “magic” but a combination of logical…
Read more
As environmental awareness continues to rise, the demand for energy-efficient and sustainable homes has surged, prompting a shift in the features that buyers now look for in their next home. Eco-conscious buyers are actively seeking properties that align with their values and have cheaper energy costs. Sellers are responding by incorporating green features into upgrades.…
Read more
The cost of rents is slowing but continues to grow at more than twice the level of our 2.5% inflation rate, according to the new National Rent Report released by Rentals.ca. Average monthly rents are now $2,201 with increases registering in Vancouver and Toronto. While the growth in rental costs is at its slowest for…
Read more
It’s the calm before the storm – two interest rate cuts are now complete but the housing market remains stubbornly poised for growth as buyers and owners wait to see the impact. Home sales fell 0.7% in July, compared with the June numbers, according to the Canadian Real Estate Association (CREA). June had recorded a…
Read more
