Archive for the ‘Economy’ Category

Hold on Property Tightens Nationally

Australian homeowners are holding onto their properties for longer than previous years according to CoreLogic; 10 years ago, the average length of time Australians stayed in each property they owned was 7.5 years for houses and 6.5 years for apartments.

The latest analysis by realestate.com.au reveals the average hold time across both houses and units is around three years longer than it was a decade ago.  As of late 2020, we … Read the full post »

Olympic Fever…What Will it Mean for Property Prices!

Well, despite COVID19 and all that accompanies it, re: lockdowns, border closures etc – the Tokyo Olympics (so far) has been an amazing spectacle, and Australia has achieved some of its best results ever.  Well done Team Australia, and well done to Japan for hosting this complex international event in the midst of a global pandemic.

Unless you’ve been under a rock, you’ll now know that Brisbane has secured the 2032 … Read the full post »

Regional Growth Continues to Trend

The level of movement of capital city dwellers to regional areas is at a three-year high, while net regional migration in the latest quarter is 66 percent higher than a year ago, according to research.

The Commonwealth Bank of Australia (CBA) has released its Regional Movers Index in partnership with the Regional Australia Institute (RAI), which has shown the changes in population flows from capital cities to regional areas.

The index has revealed that … Read the full post »

COVID19: Impact on Apartment Market

In recent years there has been a trend by investors ‘away’ from apartment buying, driven in part by some oversupply issues, and some poor workmanship/corner-cutting (highlighted in media reports by some builders), and other contributing factors; along with the belief that a house is generally a better long-term investment when it comes to capital growth.

As a result, in the past few years, houses have outperformed apartments in our capital cities; … Read the full post »

Long-Term Rates on the Rise

Although the official cash rate remains at historic lows, and the Reserve Bank is not expected to lift interest rates until 2024, some of the major banks have started to raise their long-term fixed-interest rates, with the Commonwealth Bank (CBA), being the latest.

Further hikes expected later this year suggest we could see a tide turning on Australia’s interest rates.  The cost of long-term money for the banks is rising meaning … Read the full post »

Investors Flooding the Market!

The Australian Bureau of Statistics (ABS) reports indicate that investors are now well and truly back in the property market in large numbers; with March figures demonstrating that the value of national investor lending seasonally adjusted by 12.7% over March to $7.8 billion dollars, the highest monthly total recorded since August 2017.

All states recorded increases in investor activity over March – led by QLD up by 19.0% and followed by … Read the full post »

Regional Markets, Post-Stimulus

Analysis by BIS Oxford Economics, Australia’s leading economic and industry forecaster, predicts that Australia’s regional property market will continue its strong growth into 2023, despite government stimulus packages being withdrawn.

Their research suggests that despite incoming bumps to dwelling supply due to government stimulus money and changing consumer preferences, regional markets are expected to remain tight.

Data released by Domain showed regional areas have outperformed over the last 12 months, with the … Read the full post »

Women and Property Report

This week we celebrated International Women’s Day, and there were various fundraising and network events held throughout the Sunshine Coast to mark the occasion.  In this same week CoreLogic, Australia’s leading property data, information, analytics, and services provider; released an inaugural report “Women and Property: State of Play” providing evidence of the relationship between the gender pay gap and the gender wealth gap.

The report analysed a 2021 snapshot of property … Read the full post »

New Loan Commitments Continue to Grow

Despite the pandemic still hanging around creating intermittent havoc, the Australian property market remains resilient, continuing to break records and defying the logical premise of instability one would have predicted when the COVID lockdowns commenced in 2020.

The latest information from CoreLogic, sourced from the Australian Bureau of Statistics (ABS) – reveals the total value of new loan commitments for housing grew for the seventh consecutive month and shows no sign … Read the full post »

Regional Markets Continue to Shine!

Australia’s leading property market analysts and data collectors, CoreLogic released their latest report on the health of the national property market this week, and there’s plenty of good news, particularly for regional markets along the eastern seaboard, such as the Sunshine Coast.

December home value data showed the combined regional dwelling market increased 6.9% in value over the year; a growth rate more than three times the rate of the combined … Read the full post »

Reflection on the Property Market 2020

When we reflect on the year now gone, one of the biggest questions many economists and property analysts have asked, and addressed – is why didn’t the Australian property market crash in response to the global pandemic?

When the COVID19 outbreak began, the headlines were filled with doom and gloom as we headed to our first recession in over 28 years…yet somehow the property market has pulled through remarkably well, and … Read the full post »

Queensland Sticking to Original Moratorium

The Queensland state government has announced that it will stick with the original deadline of the eviction moratorium for residential tenants. Under the announcement, the moratorium, which is applied to residential tenants suffering an income loss of at least 25% amid the COVID-19 pandemic, will be lifted by the end of the month.

Housing Minister Mick de Brenni said Queensland’s economy is faring better than other states, making it ideal to … Read the full post »

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