The Australian property market has long been a challenging space for first home buyers, with skyrocketing property prices making it difficult to enter the market — but that’s not to say there aren’t opportunities to be found. A number of recent government initiatives have made it easier for Australians to take their first steps into property […]
Since February 2022, the proportion of Australian rentals available for cheap weekly rent has plummeted over 15 per cent, according to new data from Proptrack. This time last year, 32.8 per cent of national rentals were available for leasing below $400 per week. In the 12 months since, this sum has declined to 17.6 per […]
Several property professionals have responded to the Reserve Bank of Australia’s (RBA) decision to enact a 10th consecutive cash rate increase. RBA governor Philip Lowe alluded to a continued increase in the cash rate, which rose 25 basis points (bps) to 3.60 per cent on Tuesday, 7 March, stating that “the board expects that further tightening of […]
Following February’s decision to enact a ninth consecutive cash rate increase, Australia’s central bank has made its latest monetary policy call. At its annual monthly board meeting, the Reserve Bank of Australia (RBA) opted to take the number of cash rate raises into double figures, raising the figure by 25 basis points to 3.60 per cent. The […]
The harbourside city has ranked among the most expensive housing markets in the world, beating other posh postcodes including Geneva and Paris. Sydney clinched the eighth spot in the top 10 of the cities with the most expensive residential transactions after clocking in a total of 99 “super-prime” property deals or high-end residential sales of more […]
Worsening financial conditions will motivate elderly home owners to downsize sooner than expected, according to a non-bank lender. Bridgit chief executive Aaron Bassin has predicted that the current economic environment will trigger property movement throughout the year in order to free up equity to support them through the cost-of-living crisis, avoid increased mortgage repayments, and “live […]
An expert warned that the rental crisis affecting the country is set to “get even worse”, as the Reserve Bank’s rapid rate rise cycle continues to have a “crippling impact” on lending to property investors. The latest data from the Australian Bureau of Statistics (ABS) showed lending to property investors fell by a staggering 34.8 […]
The McGowan government recently announced a raft of housing schemes aimed at boosting supply and increasing choice within the state’s embattled property market. Among the initiatives, the Western Australian government launched its $80 million Infrastructure Development Fund aimed at “unlocking affordable housing opportunities” throughout the state, according to Premier Mark McGowan. The scheme aims to […]
An industry professional has revealed four insider tips for investors looking to stay ahead of the real estate game by securing off-market properties. InvestorKit’s founder and head of research, Arjun Paliwal, said that some investors are missing out on off-market properties or real estate assets that have not been publicly advertised or listed on the […]
With several factors clouding the market’s outlook, a new report revealed the most and least expensive suburbs across the country to help investors find clarity amidst the uncertainty. Financial services provider Savvy stated that 2022 was an equally mixed bag of “jubilation and despair” for investors and aspiring first home buyers due to several factors. […]