In a year where consumer confidence dipped under the weight of rising rates and cost-of-living pressures, these five suburbs managed to experience more sales than any other FAST 50 suburbs. Smart Property Investment’s FAST 50 report, which launched in May, combined the collective expertise of a 14-strong investment expert panel and recent housing performance drawn from open-source data to […]
New research has found that hundreds of thousands of lower-income Australians aged 50 and over will be without suitable housing in less than a decade. The Australian Housing and Urban Research Institute (AHURI) released the findings in a new report, which examines how Australia could deliver the types of housing required by individuals who are […]
Despite rising interest rates the number of Australians unable to make mortgage repayments remains steady, new data has revealed. Amid rising interest rates and inflation, a recent survey has revealed that Australians are experiencing higher levels of financial stress and hardship in the second quarter (Q2) of 2023. NAB’s Consumer Insights report for the quarter ended June […]
There are growing concerns among property professionals regarding access to funds amid economic uncertainty, new data reveals. NAB’s Q2 2023 Commercial Property Survey revealed commercial property market sentiment and confidence have moderated in Q2 2023, following a period of growth in 2022. The survey, which included 350 property professionals, indicated a notable slowdown in activity, […]
A new report directly linked the worsening rental crisis to the Reserve Bank’s monetary policy tightening, with the rate rises named as having a hand in the reduced availability of rental properties in the market. Kevin Young, the president of Property Club, said rising interest rates have had a negative impact on property investment lending […]
The current high level of rental growth is expected to ease next year, as interest rates come close to peaking and the supply of homes improves, according to an expert. Eliza Owen, head of research at CoreLogic, pointed out that rents and interest rates tend to move together for multiple reasons. “For one, rents are […]
Are you an investor hunting strong rental yields? Then look no further than these suburbs from Smart Property Investment’s FAST 50 report where investors are getting great bang for their buck. The report, which launched in May, merges the insights of a 14-strong investment expert panel and recent housing performance drawn from open-source data to form a report […]
Unit values lagged behind house values in May as shifting market dynamics and changing buyer preferences narrowed the performance gap between the two sectors. CoreLogic’s latest report showed unit values underperformed for the first time since May 2022, lifting by just 0.9 per cent compared to houses, which saw a 1.2 per cent increase in […]
A new report has highlighted the enduring resilience of real estate assets, even in the backdrop of economic uncertainty and global challenges. In Herron Todd White’s Month in Review in June, national director for group risk and compliance Kevin Brogan posed a question to the firm’s valuers across the country: “What should I buy with $750,000?” The […]
Domain’s new report has suggested house prices will be at a record new high in Sydney, Adelaide, and Perth in FY24 if its forecasts eventuate. The property marketplace has released its Forecast Report for the 2023–24 financial year, in which it has revealed what to expect in the Australian housing market over the next 12 […]