Is Canberra the right place to invest in 2025? Investing in Canberra in 2025 could be a smart choice depending on your financial goals, the type of investment, and broader economic factors. Here's a breakdown of considerations: 1. Real Estate Market Government Stability: Canberra is home to Australia's federal government, meaning its economy is heavily influenced by public sector employment. This...
The Australian property market is exhibiting notable trends as of November 30, 2024: Property Prices and Market Resilience National Trends: Despite elevated interest rates and inflation, national house prices increased by 7.7% and unit prices by 6.1% between March 2023 and March 2024. Regional Variations: Perth, Adelaide, and Brisbane are leading in annual capital growth, with Perth's home...
Property market forecast for 2024. In this market insight, we take the opportunity to share our perspective on what the year ahead will look like in the Melbourne/Victorian residential property market. What happened in 2023? The property market in 2023 experienced everything! Many areas exceeded expectations, while increasing interest rates hindered home owners like they haven't experienced...
The Reserve Bank of Australia (RBA) will be doing things different from January 2024 after the conclusion of an independent review that was commission by the Australian Government. The report had presented a number of changes and recommendations to better communicate to Australians. After each cash rate meeting held by the RBA board, the governor, currently Philip Lowe, will conduct a conference to the...
Rental price increases. Over the course of 2022 calendar year, we witnessed many changes in the property market. One of the more notable highlights and warmly welcomed by property investors (landlords) we the recent rise in rental yields. The residential property market has seen a shortage in supply for places to rent. The high demand has placed upward pressures on asking rental prices. According to...
Property market forecast for 2023. In this market insight, we take the opportunity to share our perspective on what the year ahead will look like in the Melbourne/Victorian residential property market. What happened in 2022? The property market in 2022 commenced the first half strongly, with many suburbs entering the million dollar median house prices. Buying activity continued with demand heavily...
Property Market Update - December 2022. The property market has witnessed a number of big changes in the last 12 months. This has occurred for a number of reasons, but let's take a look at the numbers. According to CoreLogic, in the year ending November 2021, median property prices on a national basis increased by 22.2%. In the year ending November 2022, prices fell 3.2%. With unprecedented increases in...
Seven-star energy rating for new homes. The Victorian Government recently announced a set of new building standard that are to take into effect from 1st October 2023 with a transition strategy to occur from 1st May 2023. These new changes will mean, new home owners will find it cheaper to heat and cool your property all year round. It is anticipated to be more comfortable to occupy, particularly against...
How does the property market impact inflation? One of the biggest pressing economic circumstances right now in Australia is the impact of inflation. According to the Australian Bureau of Statistics (ABS), Australia has reached the highest annual rate of inflation in June 2022 in almost 32 years. It was last recorded at 6.1%. The Reserve Bank of Australia (RBA) expect the annual inflation will...
Home loan activity update. According to the recent research conducted by the Australian Bureau of Statistics (ABS), Australians are continuing to borrow funds to purchase a home. The latest data from ABS shows that its reached a historical high. During November 2021, Australians proceeded with new loan commitments of $31.4 billion. This equates to an increase of 6.3% higher than the previous month and...