Posts Tagged ‘Australian Property Market’

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 »

Navigating a Sellers’ Market

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 »

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 »

The Federal Budget & The Property Market

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 »

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 »

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 »

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