The forecasts for the next 12 months in the property market are out and it seems the price increases are set to continue.  For the 2024-25 financial year, Domain has predicted prices will continue to climb.   National house prices are expected to see up to 6% growth...

Home prices are climbing, particularly in capital cities where they were up 8.8% in the 12 months to May, according to CoreLogic.   At the same time, around 90% of employers have implemented mandatory in-office days, according to recruitment agency Robert Half. This...

PropTrack’s March 2024 report indicated an annual increase of 9.1% in advertised rent. This was the first time in two years that this statistic was below 10.0%.  But while there are signs of a slight slowdown, Australia’s rental market is unlikely to experience a...

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...