10 commercial real estate opportunities for investors in 2023
The Real Estate Institute of Australia (REIA) identified the 10 key commercial real estate opportunities in 2023, with regional commercial properties named as the top pick for the sector’s practitioners, investors, and occupiers. In its inaugural State of the Industry report, the national real estate body predicted that increased numbers of people moving to regional Australia will […]
Capital city rental supply at decade low: CoreLogic
The number of capital city homes advertised for rent reached a decade low through November while regional rental ads reached the lowest level since 2009, new research showed. CoreLogic’s latest Hedonic Home Value Index has revealed “extremely tight” rental markets around Australia, with vacancy rates holding around 1.00 per cent or lower in most regions. […]
Home loan deposit schemes have rebranded and expanded — so let’s make sure you’re across the basics for 2023
From the rebranding of existing federal government deposit schemes to increases in price caps for the Home Guarantee Scheme, there are changes unfolding in Australia’s property buying landscape that could benefit thousands of Australians. This year, we’ve seen the introduction of the Regional Home Guarantee, which is set to expand opportunities even more for those living […]
20 Aussie suburbs where price rises are imminent
There are a number of areas around the country where the cooling market is about to heat up, according to new research. Well Money’s most recent Green Shoots report has outlined the locations across Australia with the strongest combination of inventory levels and days on market decreasing over the past three months. They’ve further scrutinised these suburbs […]
Housing market ripe for investors seeking high yield: CoreLogic
A steep rise in rents coupled with lower property prices presents opportunities for investors, a new report has discovered. According to the inaugural National Australia Bank (NAB) Market Megatrends report — which combines analysis from property research house CoreLogic — rent values rose 10 per cent in the year to September 2022, while gross rental […]
Fixed rate expiry bubble to last until mid 2023: CoreLogic
The fixed rate expiry bubble — which is fuelling the refinancing boom — will continue until July 2023, a new report has predicted. Refinancing is booming and this trend will continue as long as interest rates rise and a large number of fixed rate home loans reach or approach their expiry dates, according to the […]
Loan arrears ‘likely to increase’ as rates rise: RBA
The central bank has warned that a small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, leading to higher arrears. The Reserve Bank of Australia’s (RBA) Financial Stability Review for October 2022 has revealed that higher interest rates will increase borrowers’ debt payments. Households have […]
Residential construction cost rise at 20-year high: CoreLogic
Costs rose by the highest annual rate since the introduction of the GST with little reprieve expected for the construction industry and consumers, the property research house said. CoreLogic’s Cordell Construction Cost Index (CCCI) for the third quarter of 2022 showed that national residential construction costs surged by 11 per cent over the 12 months […]
1st time Adelaide land prices top $200k
In just 12 months, land prices in Greater Adelaide went up by 8.5 per cent, reaching $205,000 and a median price per square metre of $465. The latest data, as analysed by Oliver Hume, reveals that the municipalities of Barossa (4.9 per cent growth), Gawler (18.3 per cent growth), Mt Barker (15.1 per cent growth), […]
What SA’s revamped home-buying scheme means for investors
Will South Australia’s new home-buying deposit scheme make or break the property market? According to an expert, naysayers need to look at the new policy in context and with data to see why it’s a “great policy”. The federal government recently announced that the state government-backed lender HomeStart had dropped the minimum deposit for its graduate […]