Residential vacancy rates have plummeted to historic lows across many Australian rental markets in October, according to SQM Research. As the table below shows, most capital cities saw a decrease in vacancies. Similarly, most regional areas reported decreases in rental vacancy rates too, including the North Coast NSW (1.2%) and the Sunshine Coast (0.9%)…

by Sanjeev Sah | Nov 28, 2023 | Market Updates

Victoria has risen to become Australia’s best-performing economy, according to the latest CommSec State of the States report. This is a significant jump from its fifth-place ranking in the previous report, with the state’s success attributed to strong economic activity, robust retail spending, and business investment…

by Sanjeev Sah | Nov 21, 2023 | Market Updates

Australia’s property market is set to fully recover by the end of 2023, according to Domain’s latest house price report. The report found median house prices across the combined capitals are less than $1,700 away from setting a new record (see image). Unit prices need to increase by $5,000 to do the same…

by Sanjeev Sah | Nov 14, 2023 | Market Updates

Building granny flats could be a solution to Australia’s housing crisis, according to new CoreLogic research. The study found 655,000 properties in Sydney, Melbourne and Brisbane with sufficient space to construct a two-bedroom granny flat…

by Sanjeev Sah | Nov 07, 2023 | Market Updates

The national residential vacancy rate dropped to 1.1% in September, according to SQM Research. As the table below shows, most capital cities saw their rental markets tighten further during the month, with Sydney, Melbourne and Canberra’s vacancy rates standing at 1.3%, 1.2% and 1.8% respectively…

by Sanjeev Sah | Oct 31, 2023 | Market Updates

We appear to be at, or very near, the top of the interest rate cycle, which makes this the perfect time to reflect on the past 18 months. As a long-term property investor, you’re going to witness all sorts of fluctuations – interest rates going up and down, property prices going up and down…

by Sanjeev Sah | Oct 24, 2023 | Market Updates

When asked what type of investment property they would buy for their next purchase, 90.7% of respondents to the annual Property Investor Sentiment Survey said it would be an established property…

by Sanjeev Sah | Oct 17, 2023 | Market Updates

Australia’s population has hit 26.5 million after growing 2.2% in the year to March 2023, according to recent Australian Bureau of Statistics (ABS) data. The increase was driven by a post-pandemic migration boom, with 681,000 people coming to live in the country in the year to March 2023…

by Sanjeev Sah | Oct 10, 2023 | Market Updates

What a difference a year makes. In August 2022, CoreLogic data revealed national property prices were falling at the fastest rate since the 1980s. But fast forward to August 2023 and the story is very different…

by Sanjeev Sah | Oct 03, 2023 | Market Updates

The Australian Taxation Office (ATO) has advised landlords to take extra care when lodging their tax return this year. ATO assistant commissioner Tim Loh said that the tax office often saw errors, such as rental income being left out, or mistakes being made with property-related deductions…

by Sanjeev Sah | Sep 26, 2023 | Market Updates