The next generation of buyers in the property market are gearing up, according to a new report from NAB, and they are exploring strategic ways to “make their money work harder for them”. Almost two-thirds of younger Australians between 18 and 29 years old have placed their savings in a high-interest account, compared to just […]
Despite fluctuating prices over the past 12 months, eight suburbs in the Western Australian capital have seen average sale prices pass the million-dollar mark. Winthrop, Highgate, Leederville, Burns Beach, Fremantle, Carine, Hillarys and Burswood saw their median house price break the seven-figure barrier, joining perennial premium markets like Dalkeith, Peppermint Grove and Cottesloe. Winthrop saw the greatest leap in median home value, with 28.6 per cent growth over […]
There is a lot to get excited about for Brisbane’s future! Our city is already gearing up with huge infrastructure advancements in the lead up to the 2032 Olympic and Paralympic Games. This will benefit visitors to the city, but more importantly, it will have a huge and lasting impact on the local economy. Brisbane […]
The desire to live the great Australian dream doesn’t, at first, sound like a big ask: a verandah out the front, colourbond fence out the back and a property under your own name. The configuration of the home may change, but for many, that’s the bottom line: owning a place to live (whether you live […]
The harbourside city has outranked the likes of Auckland, Geneva and Monaco in a top 10 ranking of global cities that have notched the strongest prime real estate rental price growth on an annual basis. Knight Frank’s Prime Global Rental Index revealed that Sydney’s prestige market secured the 6th spot after recording a 6.7 per cent […]
Rising rates are taking their toll, with home buyer sentiment falling to an “extreme low” while more consumers expect house prices to rise than fall, new data has shown. The Westpac-Melbourne Institute Consumer Sentiment Index revealed that for housing, the “time to buy a dwelling” index fell by 11.1 per cent in March to an […]
Mark Bouris has called on the federal government to allow astute borrowers ahead of their repayments to switch to interest-only payments to stimulate the property sector. Speaking on a recent podcast episode, Mr Bouris shared his belief the Albanese government should do more to reward prudent borrowers by allowing their repayments to shift from principal and […]
AMP’s chief economist Shane Oliver has forecast that prices will fall further this year, stating the current stabilisation is likely just a ‘blip’. Speaking at AMP Bank’s Market Insights hybrid event and webinar on Tuesday (14 March), the group’s chief economist Shane Oliver outlined to delegates that he believed property prices would continue a downward […]
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 […]
An industry heavyweight has suggested the Reserve Bank of Australia’s (RBA) latest cash rate call, combined with low stock levels, could incite increased market action. LJ Hooker Group’s head of research, Mathew Tiller, believes decreased listings volumes — down 15 per cent on 12 months ago — according to CoreLogic, combined with the RBA’s highly […]