From June 2023 to June 2024, weekly rents increased by 9.1% nationally, and yields rose from 4.1% to 4.3% over the same period, according to PropTrack. The strong growth in rental income is paying off handsomely for investors who own property in some suburbs. PropTrack’s data shows there are 140 suburbs across the country where rental income covers mortgage repayments and delivers a profit.…

by Sanjeev Sah | Oct 08, 2024 | Market Updates

The latest PropTrack report shows a big surge in new listing volumes, creating a prime opportunity for buyers. That’s after, nationally, new listings jumped 8.4% in July from the previous month, to be up 12% compared to July 2023. Most capital cities saw a year-on-year increase with Adelaide leading at 17.4%, followed by Canberra (16.2%) and Brisbane (16.1%).…

by Sanjeev Sah | Sep 17, 2024 | Market Updates

Is it smarter to invest in houses or apartments? Well, Ray White’s chief economist, Nerida Conisbee, analysed the returns from a $500,000 investment in 2014 to see which option would have performed better today. Nationally, houses outperformed apartments, with an 84% increase versus 40%. But location is key.…

by Sanjeev Sah | Sep 10, 2024 | Market Updates

Investor lending growth continued to outpace the growth of owner-occupiers in June, according to the latest data from the Australian Bureau of Statistics (ABS). ABS head of finance statistics Mish Tan said the total value of new loans for property investors, excluding refinancing, was 30.2% higher than a year ago, while loans for homebuyers rose by 13.2%…

by Sanjeev Sah | Sep 03, 2024 | Market Updates

While national home prices increased 0.08% in July and are now 6.3% higher than a year ago, Perth continues to outperform, according to PropTrack’s latest Home Price Index. The capital city posted the strongest price growth in July, increasing 0.88%. It has shown the highest annual growth of 22.8% and a 35% growth over the last two years…

by Sanjeev Sah | Aug 27, 2024 | Market Updates

Australia’s ongoing rental crisis is fueling fierce competition among renters; in some suburbs, homes are being leased in just a few days, according to PropTrack. In June, the combined capital city vacancy rate was only 1.13%. The severe shortage of available rental properties and large pool of potential renters means properties are being leased quickly in many locations.…

by Sanjeev Sah | Aug 20, 2024 | Market Updates

It is never too early or too late to become a property investor; in fact, 83% of new property investors in 2023 were aged between 27 and 68, according to recent data from CommBank. Millennials (born 1981 to 1996) are the most active generation, accounting for 46% of the bank’s new investment property purchases last year. Gen X (born 1965 to 1980) follows with 37%. …

by Sanjeev Sah | Aug 13, 2024 | Market Updates

The number of people investing in housing appears to be growing, according to the latest lending data from the Australian Bureau of Statistics (ABS). Between May 2023 and May 2024, the number of new loan commitments for investors excluding refinancing grew 24.8% from 16,954 to 21,158.…

by Sanjeev Sah | Aug 06, 2024 | Market Updates

The rental market has shown some signs of slowing down, according to Domain’s June rental report. In the combined capitals, house rental rates rose over the June 2024 quarter, but at a rate 1.5 times slower than the previous quarter. For units, the pattern was similar with rental rates increasing at half the speed of the previous quarter…

by Sanjeev Sah | Jul 30, 2024 | Market Updates

Over 2023, the country’s population rose 2.5% to 26.97 million people, according to the Australian Bureau of Statistics. This was driven largely by net overseas migration, which accounted for 84.0% of this growth. That means overseas migration contributed 547,300 people in 2023. .…

by Sanjeev Sah | Jul 23, 2024 | Market Updates