Australia’s property prices will continue to rise throughout the coming financial year in a “well-established” and “steady” recovery, according to a new Domain forecast. This recovery could see house prices in Sydney, Adelaide and Perth hit new record highs, with unit prices in Brisbane, Adelaide and Hobart also smashing records…

by Sanjeev Sah | July 11, 2023 | Market Updates

More than a quarter of new homes sold in eastern Australia in 2022 were bought without a mortgage, according to PEXA. PEXA’s Cash Purchases report showed $122.5 billion worth of residential property were cash-funded last year. While that’s slightly down on the $124.8 billion in 2021, it’s 46.5% higher when compared to the $83.6 billion in 2020…

by Sanjeev Sah | July 04, 2023 | Market Updates

You might be wondering how many Australians invest in property. Well, the most recent data from the Australian Taxation Office shows 14.8% of Australia’s 15.1 million taxpayers held an investment property in the 2020–21 income year…

by Sanjeev Sah | June 27, 2023 | Market Updates

PropTrack’s recent market insights report found new rental listings fell 18.9% from March to April, the largest monthly decrease since 2017. As the table below shows, the challenging conditions for tenants are even more apparent when you compare listing numbers to pre-pandemic levels, with…

by Sanjeev Sah | June 20, 2023 | Market Updates

With annual inflation tracking at 7.0% over the March quarter, the cost of living continues to soar. This, in turn, means the cost of a ‘comfortable’ retirement is getting more expensive, according to the Association of Superannuation Funds of Australia…

by Sanjeev Sah | June 13, 2023 | Market Updates

Louis Christopher, SQM Research managing director, has declared the rental crisis “over” in Canberra after the city’s vacancy rate rose to 2.0% in April. As the table below shows, that’s significantly higher than the vacancy rates in Australia’s other capital city rental markets…

by Sanjeev Sah | June 06, 2023 | Market Updates

Australia’s housing supply crisis could get worse after the number of building approvals fell to 11-year lows over the first quarter of 2023, according to the Housing Industry Association. Both approvals for detached houses and multi-units fell, with the drop attributed to a combination of higher interest rates, rising construction costs, and increased labour uncertainties (see image)…

by Sanjeev Sah | May 30, 2023 | Market Updates

Tasmania has replaced Queensland as the nation’s best-performing economy, according to the latest CommSec State of the States report. It’s the 11th time in just three years that Tasmania has topped the ranking and comes after the Apple Isle led on three out of the eight economic indicators assessed: dwelling starts, equipment investment and relative unemployment…

by Sanjeev Sah | May 23, 2023 | Market Updates

Want to know why successful investors ignore negative media chatter? Well, just four months ago, the news was full of dire predictions that property prices would plummet by as much as double figures.…

by Sanjeev Sah | May 16, 2023 | Market Updates

Rents are, once again, accelerating across Australia after CoreLogic’s national rental index jumped 2.5% in the March quarter from 2.0% in the December quarter. As the table below shows, the largest quarterly rental increases were seen in Melbourne (3.7%), Perth (3.6%) and Sydney (3.4%).…

by Sanjeev Sah | May 09, 2023 | Market Updates