New Australian Bureau of Statistics data shows building activity continues to fall, with the number of new homes started over the December quarter dropping 6.7% from the previous quarter. You might be wondering why the building pipeline is drying up, given that the country is already grappling with a lack of housing supply that’s driven rents to record highs…

by Sanjeev Sah | May 02, 2023 | Market Updates

Australia is facing a shortfall of more than 106,000 homes over the five years to 2027, according to the National Housing Finance and Investment Corporation. NHFIC’s State of the Nation’s housing report for 2022-23 said housing affordability and supply is likely to remain challenging for some time…

by Sanjeev Sah | Apr 25, 2023 | Market Updates

Australian property prices rose for the first time in 10 months after CoreLogic’s national home value index posted a 0.6% gain over March. The turnaround was led by Sydney, with the city’s 1.4% monthly gain pushing its median property price above $1 million again (see image). Melbourne (0.6%), Perth (0.5%) and Brisbane (0.1%)…

by Sanjeev Sah | Apr 18, 2023 | Market Updates

Want to know the number one quality you need to be a successful investor?
No, it’s not a powerful income. It’s a powerful mindset…

by Sanjeev Sah | Apr 11, 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…

by Sanjeev Sah | Apr 04, 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…

by Sanjeev Sah | Mar 28, 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 21, 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 January (see image)…

by Sanjeev Sah | Mar 14, 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 Australian cities…

by Sanjeev Sah | Mar 07, 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 reverse is also true…

by Sanjeev Sah | Feb 28, 2023 | Market Updates