NEWS

  New home approvals per capita are at decade-lows right now, exacerbating a long-term undersupply of homes in Australia. Meantime, demand for both owner-occupier and rental housing is high, not just because of record overseas migration but also because of demographic changes. Australia’s population is about 27 million and there are…

  Australia is not just one property market. It is a collection of markets, and it could be argued that each of those markets is defined by suburb boundaries. That means we have 15,300 different markets in Australia, by the way, because that’s how many suburbs the Australian Bureau of Statistics…

  Australians think property is the most important type of investment for building wealth, followed by superannuation and savings in the bank, according to a new survey. The survey, conducted by financial advisory company, Findex, asked 1,000 Australians aged 18 to 64 years who have superannuation funds but are not yet…

  Throughout my 40 years in real estate, I have always advocated the use of price guides in property marketing campaigns. Price guides answer the first question that every prospective buyer has on a property of interest to them. They also help buyers work out which homes are worth inspecting, and…

  One of the reasons Australia has such a long history of continually rising property values is that so many of us choose to live in one of just eight capital cities. In fact, 75% of Australia’s population lives on just 2.6% of the country’s total land mass, according to…

  Home values are still rising across Australia, with the national median price up 8.8% over the past 12 months and the hottest markets currently being Western Australia and Queensland. However, we are seeing differences in the rates of price growth between states and territories. In the strongest markets, property…

  Millennials have become the most active generation of investors with about one in three buying property on their own, using strategies such as rentvesting to begin their property ownership journey. The Commonwealth Bank says 46% of its new property investor customers last year were Millennials, who were born between…

  Australian home values continue to trend higher this year, and despite an increase in the number of homes going to auction before the Easter holidays, the national preliminary clearance rate is holding up well at about 70%. A new CoreLogic report shows national home values grew by 1.3% over…

  Over the past two decades, single career women have become an influential buying force in the property market. When I started in real estate 40 years ago, it was very rare to conduct an auction and have a 28-year-old female on her own buy the property. Nowadays when you…

  With investors returning to the market this year, I have two crucial tips to buy well. Tip 1: Don’t try to over-finesse the timing of your purchase. The golden rule with property investment is you must buy with a medium to long-term view. Nothing less than five years, and…

  In many ways, it is counterintuitive that the market is showing such resilience despite 13 interest rate rises and a range of economic headwinds around the world. But if you’re out there attending auctions at the moment, you’d say the market is remarkably strong, and data has backed that…

  We’ve seen remarkably strong clearance rates over the first few weekends of auctions this Autumn season, with robust demand and a continuing tight supply of homes for sale in many markets. The national preliminary clearance rate has been consistently above 70%, and in markets where there are a higher…

  I can see many lifestyle areas performing as well or better than their city counterparts over the next decade. This capital growth will be driven by two main trends. Firstly, as our population continues to age, more empty nesters will be purchasing premium houses and apartments in desirable seachange…

  The Autumn auction season is off to a very strong start, with higher-than-average auction clearance rates recorded and enthusiastic bidding among multiple parties seen across many markets. The first major Saturday of 2024 saw the second-highest number of homes go to auction since CoreLogic began keeping records in 2008.…

  It’s interesting to see more first home buying in the market despite 13 interest rate rises since May 2022 and a cost-of-living crunch caused by inflation. Traditionally, first home buyers have the tightest budgets of all, so why are more of them around? First to the data. The latest…