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Is it too soon to call time on Australia’s property market downturn?
Here’s a puzzle for you. Ever since the Reserve Bank of Australia started lifting the cash rate in May 2022, Australian property prices have been falling as higher interest rates reduce buyer demand. So why did CoreLogic’s national home value index fall by a...
The Reserve Bank’s hawkish approach isn’t working – and is risking real harm
At the start of the year, many market commentators began to see a faint glimmer at the end of the interest rate tunnel. While inflation climbed to 7.8% over the December quarter, it was lower than the Reserve Bank of Australia’s forecast of 8%. So some thought the...
Why the glass is half full for Australian property investors
Australian property prices have been on a downward spiral ever since the Reserve Bank of Australia started raising interest rates, with CoreLogic's January national home value index down 8.9% from its peak in April last year. And with the Reserve Bank of Australia...
Six steps for property investment success in 2023
It’s a great time to be a property investor with CoreLogic’s latest quarterly rental review finding national rent values soared 10.2% during the 2022 calendar year. This uplift means rents are now up by a stunning 22.2% since they began their most recent upswing in...
What’s in store for Australia’s property markets in 2023?
A lot can happen in just 12 months. Take the cash rate, which started off 2022 at a historical low of 0.10%. It’s now at 3.10% – the highest point in a decade. Increasing the cash rate makes borrowing more expensive. So that, in turn, has reduced buyer demand and...
Australia’s housing supply crunch
Much like any other market, Australia’s residential property markets are subject to the law of supply and demand. That means: When demand exceeds supply, home values typically rise When supply exceeds demand, home values typically drop But here’s where it gets...
How to navigate the changing finance landscape
The finance landscape changed in May when the Reserve Bank of Australia lifted the official cash rate from its historical low of 0.10% to combat inflation. By October, just six months later, the cash rate had increased by 2.50 percentage points – the fastest pace...
What’s behind Australia’s ‘rental crisis’?
Australian tenants are struggling to find homes to live in after the national vacancy rate fell to 0.9% in August, a 16-year low, according to SQM Research. With just under 33,000 residential properties available to rent nationwide – down from 36,700 in July – Louis...
The importance of a team
Albert Einstein might have discovered the theory of relativity, but he wasn’t a lone genius. Rather, the most brilliant mind in history collaborated with friends and colleagues, including Marcel Grossman, during the development process. Similarly, while natural...
Why it’s not all doom and gloom for Australia’s resilient economy
There’s plenty of negative news these days, what with prices rising, interest rates rising and property prices falling. But it’s important to put these so-called problems into perspective. Take interest rates, as an example. While the Reserve Bank of Australia...