Archive for the ‘Property Market’ Category

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 »

Snapshot: Household Debt in Australia

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 »

Buoyant Property Market

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 »

Timing is Critical: The Window of Opportunity

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 »

Open Homes Back on the Agenda

Firstly, we hope that all the mothers out there had a wonderful mother’s day and got the opportunity to spend time with your family, if possible; or at the very least have some contact via social media interactive platforms like Zoom or facetime, or a telephone call.  It is very important that we all stay connected with our loved ones, despite the challenging environment we are currently living in.

From last … Read the full post »

Calls to Abolish Stamp Duty

Firstly, we hope you all enjoyed a great long weekend and an ease in restrictions – it was wonderful to see people out and about enjoying the sunshine and fresh air, whilst practising social distancing.  Keep up the good work, and we may all come out of this on the other side, sooner rather than later.

In the midst of this COVID-19 crisis, some property commentators and key industry figures across … Read the full post »

COVID-19 and The Real Estate Industry

Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential property.

Australia’s leading real estate researcher and analyst CoreLogic explores fundamentals of housing to better understand outcomes in the current climate. It has found:

Housing … Read the full post »

Listings Needed URGENTLY!

Here at Wright Property we have had a busy start to 2020, particularly dealing with high volumes of buyer enquiry.  We are urgently seeking listings to meet demand and can confidently advise that right now is absolutely a SELLERS MARKET in Mount Coolum and immediate surrounds.

One of the reasons for this surge in enquiry could be attributed to the latest figures released by the ABS showing a strong uplift in … Read the full post »

Mount Coolum Update

Property Market:

Australia’s leading real estate portal Realestate.com.au release some figures about the Mount Coolum market, as at September 4, 2019, labelling it a Sellers’ Market.  See snapshot below:

Sales

The median house price is $598,000

3 bedroom homes – $570,000, 4 bedroom – $620,000

The median unit price is $415,000

2 bedroom – $388,944, 3 bedroom – $447,500

Rentals

The median rental for a house is $530 per week

3 bedroom – $490 p/w, 4 bedroom – $650 … Read the full post »

Interest Rates on Hold

The Reserve Bank of Australia (RBA) board held their monthly meeting on Tuesday; retaining the official cash rate at 1 per cent.

RBA Governor, Philip Lowe reports that despite further signs of a turnaround in established housing markets in Sydney and Melbourne; softer economic conditions and heightened global uncertainty could lead to further cuts in coming months.

“Economic growth in Australia over the first half of this year has been lower than … Read the full post »

Listings Shortage

With the onset of spring just a few sleeps away; there is a swell in the volume of enquiry leading up to the traditionally busy ‘selling season’. As a result, we are urgently seeking additional listings to meet demand, as stock has noticeably tightened – and not just here in this region, but nationwide.

CoreLogic, Australia’s leading real estate analytic and data group, have published figures demonstrating that listings are languishing … Read the full post »

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