It’s no secret that we are in the midst of a property boom, and that means that the pendulum has firmly swung in the favour of sellers, making it a sellers’ market, driven by strong demand from first home buyers, established homeowners, and investors alike, creating a deficit in the supply / demand ratio.
Australia’s leading property data, analytics, and information provider, CoreLogic, estimates that in the three months to May, … Read the full post »
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 »
Last Tuesday Federal Treasurer Josh Frydenberg delivered the annual budget; a big-spending, jobs-focused budget which contained help for single parents and first home buyers to enter the property market, partially by encouragement incentives for Australians nearing retirement to downsize their homes, in order to free up more housing for younger families and help more people into home ownership.
Those aged over 60 will be allowed to contribute up to $300,000 into … Read the full post »
Australia’s leading real estate portal CoreLogic reports that the pace of capital gains across Australian housing markets has been close to record breaking, with the national growth rate in March the fastest since 1988.
What has driven the market to these record heights?
It has been a combination of continuing low interest rates, stimulus measures by state and federal governments, unforeseen surge in consumer confidence, and a general tightening of stock levels, … Read the full post »
According to leading industry experts, it will be first home buyers amongst the hardest hit if APRA (Australian Prudential Regulation Authority) responds to growing pressure to limit home lending, as fears are being raised about buyers extending themselves beyond reasonable limits in this environment of a booming market.
Throughout the nation, almost every market has experienced a significant spike in activity since the end of 2020, with home values rising at … Read the full post »
Historically, first-home buyers have purchased a house (or land) in the suburbs; however, with the ever-changing socio-economic landscape coupled with housing affordability issues, as well as the shift towards easy-care low maintenance living – an increasing number of buyers are purchasing properties in a community titles scheme, i.e., townhouse, unit, or apartment.
What is a strata title?
Strata title is a method of facilitating individual ownership of part of a lot/unit whilst … Read the full post »
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 »
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 »
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 »
Despite the Australian property market demonstrating its resilience in the face of COVID19, there is still concern about the substantial increase of household debt levels, which have risen significantly over the past thirty years. In June 1990, the ratio of household debt to annual disposable income peaked at 68%; and in June 2020 it is now at a whopping 185%.
Most of the debt held by households is housing debt, which … Read the full post »
The local and national media has been recently reporting about the buoyancy of regional property markets amidst the COVID19 pandemic, highlighting the Sunshine Coast as one of the most popular markets, particularly for buyers from Sydney and Melbourne.
This month the Australian Bureau of Statistics reported a significant shift of people moving from capital cities to the regions including a net loss of 14,000 in Sydney in the first half of … Read the full post »
There has been a significant amount of commentary around the Australian property market in 2020 in the context of COVID19, and many attempts to predict what’s around the corner in 2021. One thing that is clear is that many of the dire predictions about the Australian property market falling off a cliff, just have not come to fruition. Despite coronavirus lockdowns, recession, and rising unemployment – our property market has … Read the full post »