Posts Tagged ‘Australian Property Market’

Looking Forward, Looking Back…

Now into our second week of 2022, our team here have truly settled in and back to work, heads down and fully focused on the year ahead.  We trust you are keeping as healthy as possible in the face of this Omicron tsunami that’s ripping through our communities and causing massive disruptions to daily life and placing a huge strain on our medical services.

Despite the pandemic and the talk of … Read the full post »

Welcome to 2022

So here we are in a new year, and it’s certainly been a wet start with the effects of Cyclone Seth bringing tropical lows to a large section of the south-east Queensland coastline, creating wild surf conditions and causing many beaches to close…not ideal in peak holiday time, but it is what it is, and it was certainly a wonderful spectacle for the many onlookers who lined headlands and viewing … Read the full post »

More Stock Hits Market

With Christmas literally just nine sleeps away, the property market has managed to continue to attract a significant portion of media attention, with the latest reports revealing a surge in stock levels last month that shows no sign of slowing, finally giving buyers more options, and perhaps somewhat on the way to more of a market in equilibrium.

November marked the peak of the spring selling season this year, with the … Read the full post »

Property Predictions 2022

As 2021 draws to a close – you may be wondering what is in store for the property market in 2022?  There is lots of speculation in the media, most of it quite positive, and leading property commentator Michael Yardney has identified several property trends he anticipates for 2022; below is a summary.

Values will continue to rise: The main drivers of property price growth revolve around consumer confidence, low interest … Read the full post »

Home Value Index Continues to Rise

This month CoreLogic released its latest report on the health of the Australian housing market, recording a rise of 1.5% in the national home value index in September, taking Australian housing values 17.6% higher over the first nine months of the year, and 20.3% higher over the past 12 months.  The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

Every capital city reported … Read the full post »

Queensland: Australia’s Most Active Property Market

According to the research by the online property exchange network PEXA, more homes were bought and sold in Queensland over the last quarter than in either NSW or Victoria, for possibly the first time in history.

With COVID-jaded Sydneysiders and Melburnians buying up big in the Sunshine State, as well as locals splashing out for their own sea and tree changes, $42 billion worth of property was settled from July to … Read the full post »

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 »

Still a Seller’s Market!

Despite the disruption the global pandemic continues to inflict on freedoms and the economy, the Australian property market is still going gangbusters, with home sales continuing to outpace new listings.

According to CoreLogic, the sales-to-new listings ratio hit 1.4 over the three months to July, meaning that for each dwelling added to the market, more than one gets sold.  This ratio has trended ever since June 2020 when the Federal Government … 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 »

Rental Affordability Crisis

Figures released last week by CoreLogic confirm a strong uplift of 6.6% in rent values over the year; this follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011.

Regional lifestyle markets such as the Sunshine Coast and Gold Coast, are two of the areas that have experienced the highest price growth, driven by strong demand, outstripping supply; with weekly rents reaching record heights rivalling parts of … Read the full post »

5 Things Buyers Seeking in a Lockdown Environment

Since 2020, we have all had to adapt to a ‘new normal’ based around the COVID19 pandemic, which has disrupted and adjusted the way we live, do business, and even think.  Until the majority of the country is vaccinated, it appears that we will be living with snap lockdowns and restrictions; this ongoing saga is shaping what buyers (and renters) are seeking in a property.

This may (or may not) eventually … 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 »

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