Property investors are in the market. In late 2020, the property market was heavily driven by the demand of first home buyers and later owner occupiers. Many taking advantage of the one-off government grants such as the HomeBuilder package. According to the Australian Bureau of Statistics (ABS) the property market has seen a spike in investors. For five consecutive months to June 2021 first...
Demand is outstripping supply. This continuing trend is seeing more buyers in the market than vendors wanting to sell. Many property opportunities are being sold before the officially go to market, while many land estates receiving thousands of subscribers when they are only releasing 10-25 allotments. When demand outweighs supply, it places upward pressures on prices. According to CoreLogic, between...
Buying a property can be cheaper to renting. This is a topic raised by many people given the fact interest rates are at all time lows. According to recent data collected from CoreLogic identified buying a property can be cheaper than renting for 36.3% of homes across Australia. That equates to over a third of properties. CoreLogic previously completed this analysis in February 2020. It was determined...
Latest rent yields and vacancies. For property investors, here is an insightful look at what's happening nationally in the rental market. According to new data from SQM Research, vacancy rates throughout all of the capital cities in Australia from June 2020 to June 2021 fell with the exception on Melbourne. Melbourne's results have obviously been impacted with the various lockdowns that took place...
A hot property market. The real estate market continues to perform incredibly well... According to the Australian Bureau of Statistics (ABS), the total value of residential dwellings in Australia has now surpassed $8 trillion for the first time. This is quite significant! During the March quarter of 2021, the total value of residential dwellings in Australia's increased by $449.9 billion. This is...
Most liveable cities in the world. The latest survey conducted by the Economist Intelligent Unit shows us a new most liveable city. With the combination of both Australia and New Zealand, the two nations take six of the top ten placings. In the wake of the global pandemic, covid-19 has shuffled things up, with many countries no longer representing the top ten. With tighter border controls to other...
Australian property market - four times the size of Australia’s GDP. This Australian property market has now surpassed the $8 trillion figure... that's right $8,000,000,000,000 !! According to CoreLogic's trusted research, the Australian property market is currently collectively valued at $8.1 trillion dollars as at the end of April 2021. CoreLogic head of research Eliza Owen said that puts...
Melbourne's property market prices continues to go up. According to the latest research conducted by CoreLogic. Melbourne property values have regain their property values it previously experienced in 2020 in the wake of the global pandemic (covid-19). After experiencing a decline of approximately -6.1%, property values in Melbourne have since increased by 6.7%, now sitting at 0.2% above it's recent...
With reference to the latest research report from the Australian Bureau of Statistics (ABS), Melbourne has recorded the highest population growth over 2019. Brisbane recorded the second highest growth rate over the same period. Melbourne's population soars The Regional population statistics published by the ABS showed a 2.3% population increase compared to the national average rate of 1.8%....
The Job Seeker has been a lifeline for many Australians dealing with the financial impact of the global pandemic. The JobSeeker has been a great initiative from the Australian government to support families in need. Unfortunately the JobSeeker will cease at the end of March 2021. The question remains, will no JobSeeker change the property market? Will it cause prices to drop and will rents...