On a budget? Take a look around the country and find out what kinds of property can be purchased in the sub-$700,000 range — and where you’ll get the most bang for your buck. In its July monthly review, Herron Todd White has painted a picture of Australia’s diverse property landscape by highlighting what dwelling types can be […]
Following on from three consecutive higher-than-normal hikes, the Reserve Bank of Australia (RBA) has revealed its official cash rate decision for August 2022. In an expected turn of events following on from the revelation that the inflation rate had reached 6.1 per cent, the Reserve Bank of Australia has moved to lift the cash rate […]
Inflation is one of the biggest buzzwords in today’s market, but what does it spell for investors? Here are three main ways rising inflation is dictating real estate trends, according to experts. Inflation is running hot throughout the economy, but its impact is more pronounced on the housing market, according to BuyersBuyers co-founders Doron Peleg […]
The trend of buying real estate sight unseen is here to stay, as a new report revealed that one in four buyers is looking beyond their state lines to purchase a property. Data from Little Hinges revealed that out of 3 million virtual inspections tallied over a six-month period, interstate inspections represent 27 per cent of […]
Move over, fear of missing out (FOMO); there’s a new acronym in town. The FOMO sentiment – which partly fueled the frenzied property price increases in the last two years – has been replaced by a far more measured approach to the market called fear of overpaying or FOOP, according to the principal of Michelle […]
The big four bank is now expecting consecutive 0.50 per cent increases to the cash rate between August and November. ANZ’s updated prediction trumps the Commonwealth Bank’s forecast delivered last Friday (15 July), which prophesied a cash rate of 2.60 per cent, and expects the official cash rate to hit 3.35 per cent come the […]
When buying a property, people will usually check its price first. In real estate, we often talk about the market price of a house, which is the price at which it could be sold on the open market. However, the market price is different from the market value. The market price is determined by whatever […]
Despite a declining national property market, led by the activity of Sydney and Melbourne, there remain numerous regional markets where prices are on a slow uptick. Arjun Paliwal, founder and head of research at InvestorKit, has identified five regional Australian markets set to continue the COVID-pandemic boom and administer strong capital growth moving forward. “Many […]
A new report showed that Australia’s property market downturn continued to pick up pace during the latest quarter, as more markets felt the sting of the consecutive rate hikes, rising inflation, and weaker consumer confidence. Out of 3,085 house and unit markets analysed across the country, CoreLogic reported that 41.9 per cent recorded a decline […]
Australia’s pandemic property boom is well and truly at its tail end, with rising interest rates and inflationary pressures two major factors contributing to the market’s decline. Property prices have begun the cooling process and are showing no signs of slowing down, with predictions of a 10 to 15 per cent value decline on track […]