Australian values continued their incredible run of growth, notching up the 21st month in a row that deal sizes have risen. And this winning streak came despite the first dip since January 2023 in the bellwether market of Sydney, which declined a miniscule 0.1% in the latest Home Value Index published by CoreLogic. The affordable…
Read more
Building wealth through property is a well-established financial principle, and the latest survey from industry researcher CoreLogic underlines the validity of this belief. Homes selling in the June quarter delivered an average profit of $285,000 to the seller, according to the latest CoreLogic figures. Whether you’re a professional investor or the owner of a home,…
Read more
Summer is here – and it’s the perfect time to put your property on the market. Price expectations among sellers remain strong after 21 months of successive value increases. And the environment of mortgage serviceability remains consistent despite our disappointment in the failure of the Reserve Bank of Australia to reduce interest rates. If you’ve…
Read more
With the summer break beckoning, many homeowners will be planning to spend some time with a paint brush to give their home a facelift. Many of them will be doing so with the intention of putting their properties on the market for the late-summer and early-autumn sales season. With interest rates still at 4.65% –…
Read more
Traditionally, the “Great Australian Dream” has been a home on a quarter-acre block. Today, we’ve shifted our standards, and many buyers will gladly swap the space for the luxury of a swimming pool. However, buying a home with a pool can be a tricky business. If you’ve found an ideal property that has an aging…
Read more
Property values depend on a number of factors – the health of the economy, confidence in the employment market, affordability of interest rates, price trends and the number of new homes being completed. The supply factor – the number of homes being built – continues to be a huge political issue in almost every mature…
Read more
Buying a property can be one of the most exciting moments of your life. It embraces the feeling of a new chapter in your life and all the hopes and dreams that come with it. Sometimes, however, there are not enough hours in the day to focus on finding your dream home. Instead, it can…
Read more
A quirk of the Australian property scene is the fact there is more than one “scene”. In fact, there are eight – each run by our federated state or territory governments. This makes life pretty hard for investors, who have to navigate the rules and regulations of each jurisdiction, or a homeowner who is looking…
Read more
When will interest rates start coming down? It’s the biggest question in the real estate market right now. It seems incredible to think the Reserve Bank of Australia actually put them up to 4.65% in November last year. Since then, it has steadfastly refused to move despite having seven meetings to consider its options. As…
Read more
Melbourne is the new darling city for investors, according to a poll released by Property Investment Professionals of Australia (PIPA). Recognising the flat performance of house prices and an oversupply of apartments near the CBD, investors believe Melbourne will deliver the best capital growth of any Australian centre in the next 12 months. Their outlook…
Read more
