As the new financial year approaches, a report predicts the expected rebound in property values will unfold in different ways across the country’s capitals – with houses in several cities seen to notch new record highs over the next 12 months. Domain’s latest Forecast Report anticipates a “well-established and steady recovery” for the Australian housing […]
The upcoming financial year may prove to be a highly profitable one for property investors, as a new report forecasts property prices in several regions hitting new record highs over the next 12 months. Domain’s latest Forecast report anticipates a “well-established and steady recovery” for the Australian housing market, with select capital cities anticipated to fully recover […]
Long a quiet performer, buyers are now becoming aware of the big gains to be made in Collingwood Park. Developed in the 1980s, the suburb located 11 kilometres west of central Ipswich has flown under the radar in decades past, but it is now getting the recognition it deserves as a family-friendly locale with infrastructure […]
New research has revealed that over 1.3 million mortgage holders were at risk of “mortgage stress” in the three months to April 2023, and this figure is expected to climb further if rates continue to rise. Data from Roy Morgan has shown an estimated 1.38 million mortgage holders were at risk of mortgage stress during […]
The cost of living, return to office life, and shift in priorities highlighted during lockdowns are driving Australian families back to smaller homes close to convenience and community. The cost-of-living crisis has stayed the hand of some prospective buyers and sellers who are waiting for market conditions to change, but for those still out there […]
While the latest lending data revealed an uptick in activity within certain buyer groups, the country’s peak real estate body cautioned that uncertainty surrounding inflation and interest rates is casting a shadow over the outlook. Real Estate Institute of Australia (REIA) president Hayden Groves said the April lending data showed owner-occupiers are pulling back from […]
An undersupply of rental accommodation and an increase in renters is deteriorating affordability, a new report from ANZ and CoreLogic has found. Rental affordability is at the highest level since June 2014, with 30.8 per cent of income required to service a new lease nationally, for a median-income household, a new report from ANZ and […]
Owning a home has been the long-standing Great Australian Dream, but a new report reveals a shift in priorities among Aussies. Financial independence is now the nation’s most common aspiration, according to Insignia Financial’s inaugural Financial Freedom Report. Among the 2,000 Australians surveyed, the top three most common aspirations were achieving financial independence (55 per cent), […]
Despite temperatures dropping across the country, Australia’s auction volume has increased closer to 2,000, according to CoreLogic. Australia can expect 1,975 homes to head to auction in the week ending 28 May 2023, marking a 2.8 per cent increase on the previous week. Last week, 70 per cent of the nation’s 1,921 auctions ended successfully. […]
For Australian property investors, Toowoomba has grown into one of the most attractive markets to enter due to heavy infrastructure projects and strong recent capital gains, and suburbs such as Harristown are reaping the rewards. The Queensland suburb of Harristown, located on Toowoomba’s south-western fringe, was recently named in the highly coveted Smart Property Investment […]