Australia’s inflation rate is on the decline, dropping from 5.2% in October to 3.4% in February 2024 according to the Australian Bureau of Statistics.    Other than having an impact on the everyday cost of living, why is inflation important for homebuyers?   Well, for...

Rising property prices and high interest rates can make buying an investment property seem out of reach.  That’s because lenders generally need you to have a 20% deposit if you want to avoid paying lender’s mortgage insurance.   Just saving for this deposit requires...

With market speculation rife that the Reserve Bank of Australia (RBA) may lower interest rates later in 2024, you might be contemplating whether to buy now or hold off in anticipation of more favourable lending conditions.  After all, lower interest rates can...

The nation’s median rent rose another 8.3% in 2023, following increases of 9.5% in 2022 and 9.6% in 2021, according to CoreLogic.  What is driving such strong rental growth?   The answer is strong demand from tenants coupled with an undersupply of rental properties. ...

Some property economists have predicted sustained growth in property prices in 2024, with Domain forecasting an increase nationally of between 5% and 7%.  Factors putting upward pressure on the market  1. Population growth  Australia’s population grew 2.2% over the...

In November, the Reserve Bank of Australia (RBA) raised the official cash rate by 25 basis points to reach a 12-year high of 4.35%.   While the decision came after a four-month pause, it was widely expected after new RBA governor Michele Bullock said the central bank...

Australia is grappling with a significant housing supply crisis which is bad news for both renters and potential homeowners.  To solve the problem, the federal government has set an ambitious target of facilitating the building of 1.2 million new homes over the five...

As an investor, deciding what type of investment property to buy depends on your overall goals. Generally speaking, you can opt for a property offering immediate cash flow or one that, though negatively geared, has good long-term growth prospects.  Positive cash flow...

Despite the typical doom and gloom in the media, the property market is in good shape right now for property investors, with prices rising, rents rising and interest rates seemingly at or near their peak. In terms of the sales market, the national median price rose...

One of Australia’s leading property research groups has forecast that prices will rise in most capital city markets during the 2023-24 financial year.  Domain’s forecast, which covers the period between the start of June 2023 and the end of June 2024, is for the...