by Sanjeev Sah | Apr 4, 2023 | Market update
by Sanjeev Sah | Apr 04, 2023 | Market Updates The reason rents have been rising so strongly over the past 18 months has been due to a shortage of rental accommodation. When supply is low, demand is high, which pushes up prices – or, in this case, rents. So it’s...
by Sanjeev Sah | Mar 28, 2023 | Market update
by Sanjeev Sah | Mar 28, 2023 | Market Updates Australia’s pipeline of new homes is drying up, with the number of new buildings approved in January dropping 27.6% to 12,065, according to the Australian Bureau of Statistics. That’s the smallest number of approvals in...
by Sanjeev Sah | Mar 21, 2023 | Market update
by Sanjeev Sah | Mar 21, 2023 | Market Updates A lack of properties for sale has moderated price declines in many of Australia’s property markets, with CoreLogic’s national home value index falling in February by 0.14%, its smallest monthly decline since May 2022. ...
by Sanjeev Sah | Mar 14, 2023 | Market update
by Sanjeev Sah | Mar 14, 2023 | Market Updates Do you own an investment property in NSW? If so, the Real Estate Institute of NSW wants to hear your views on the housing supply crunch that’s seen rental vacancy rates in Sydney fall to a nine-year low of 1.5% in...
by Sanjeev Sah | Mar 7, 2023 | Market update
by Sanjeev Sah | Mar 07, 2023 | Market Updates Despite the Reserve Bank of Australia’s series of interest rate rises, RBA governor Philip Lowe told a parliamentary hearing that higher interest rates weren’t responsible for the sharp rise in rents occurring in many...
by Sanjeev Sah | Feb 28, 2023 | Market update
by Sanjeev Sah | Feb 28, 2023 | Market Updates Australia’s property markets generally conform to the law of supply and demand. So, when there are more buyers than sellers, prices typically rise – as we saw over the recent boom. And, as the current downturn shows, the...
