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 […]
The beginning of a new financial year often brings with it a string of legislative and economic changes, including the latest amendments to Queensland’s land tax system. As one aspect of a number of changes to the interstate properties and land tax, announced by the Palaszczuk government in December last year, state land tax will […]
While the RBA deputy governor warns Australian borrowers pose “potential risks” to the financial sector, ballooning assets may buffer any financial risks. In her first major speech since being appointed in April, Reserve Bank of Australia’s (RBA) deputy governor Michele Bullock told the Economic Society of Australia that while indebted homeowners posed more risk to the […]
A new report from the Real Estate Institute of Victoria (REIV) showed that median property prices in outer Melbourne suburbs had hit a new record high in the latest quarter, as more Victorians trade out their city living for a more laid-back lifestyle. The state’s peak real estate body reported that outer Melbourne houses (or suburbs located […]
The number of Australians who thought now was a good time to get a mortgage fell to one-in-five in Q2. According to new data from NAB, just 18 per cent of Australians think now is a good time to buy a home – down from 23 per cent in the first quarter of 2022, marking […]
A new research showed that property owners are unlocking the equity in their homes for a range of reasons but with the same end goal: financial security and certainty. According to the latest NAB Housing Market Insights Report, many home owners who have seen an increase in the value of their homes in recent years are […]
Dan Andrews’ Labor Party will be bringing a new-look cabinet to the next Victorian election, having named a new Minister of Housing and a new Minister for Planning over the weekend. With the revelation that a number of senior ministers are set to resign at the next election, the outcome of a parliamentary Labor Party […]
How do you buy a property in a buyer’s market? We give you tips on how to make it work in your favour. With the headlines declaring that Australia is now a buyer’s market, you may be asking yourself what the term really means for people who are looking to enter the real estate market. […]
The firm’s NSW Spotlight Report has provided valuable insights and predictions on the current trajectory of the NSW property market. The report has outlined that the quickest and sharpest market upswing Sydney has ever seen, occurring from June 2020 and March 2022, has ended. During this period, prices jumped 40 per cent, or $708 a day, an […]
Brisbane remained steadfast in delivering solid gains during the last month of autumn, rising above other capital markets that retreated further from the property boom. But with a series of rate hikes on the horizon, will the city’s prospects continue to be bright for the rest of the year? The possible continued downturn of Australia’s […]