The Blog

Have you ever thought of doing up an old property to on-sell and make a quick profit? Of course, this concept is often taught at property seminars and has recently been popularised by reality television shows like “The Block”. But can you really flip houses for a living?     If you’re after a quick buck […]

After a record-smashing Australian Open, tennis is enjoying a resurgence of popularity throughout the country, and homes with their own tennis courts are proving the big winners. The first Grand Slam of the year saw well over 800,000 people physically come through the gates and millions more watch on TV, while tennis participation rates have […]

Real estate veteran John McGrath says the housing price slump is nearing its end and a combination of natural pent-up demand and the return of cashed-up expats will boost the property market. “While the economic climate and impact of further interest rate rises is difficult to predict, we think we are either at, or approaching, […]

PropTrack’s Property Market Outlook Report, released today, predicts some cities will see sharper price falls than others, with a few capitals likely to hold up relatively well. Cameron Kusher, director of economic research at PropTrack and the report’s author, based his forecast on expectations the Reserve Bank will lift interest rates two more times by a total of […]

Interest rates have risen sharply in recent months, which has influenced the ability of borrowers to pay their mortgages. While some borrowers built up buffers over the last couple of years in the form of early repayments and substantial savings while rates were at a historic low, others were not so lucky. Many borrowers who […]

Wouldn’t it be great to know how our property markets are going to perform this year? However my many years as a property investor have taught me not to try too hard to predict our markets year by year, but instead to take a long-term view, then allow for cycles around this long-term trend and […]

Home buyers have been splashing out: a swimming pool can add hundreds of thousands of dollars in value to a home, agents say. Pools are in hot demand among young families looking to upgrade their homes since the pandemic hit, but they are not for every buyer type or suited to all properties.   Swimming […]

No one’s doubting that consecutive interest rate rises, cost of living increases and stagnant wage growth is a crippling combination for homeowners. The rapid increase in interest rates since May has triggered a wave of refinancing as Australians on fixed-rate home loans start to revisit their finances. It’s tough. Analysis by Domain Home Loans shows […]

Key takeaways It’s likely that high interest-rate and inflation will keep eating away at the average Australian’s household budget for some time making the property less affordable. The question I hear many property investors asking is “what is going to cause property values to increase moving forward?” History is instructive, so in this article I […]

Refinance volumes to continue I’M SEEING many of my clients purchasing, as it’s [still] a great time to buy at the moment. A lot of first home buyers are getting into the market and taking advantage of the record number of government grants and schemes, [but] we are also starting to do a lot of refinances for […]

National house prices have fallen over 2022 following the remarkable price boom recorded through 2021. The national capital city median house price recorded over the December quarter fell by 4.1% compared to the December quarter 2021, according to the latest data from My Housing Market. Australian property values only fell 4.1% over 2022 | Property […]

It’s safe to say that the FOMO has come out of the market and homes are taking longer to sell. According to national PropTrack data, it took on average 52 days for a property to sell in October, well up from the 31 days averaged during the last quarter of 2021. Although today’s vendors need a […]

Data shows that prices have dropped below the peak value in April 2022 by approximately 7 per cent or by $53,400. After prices rose well over 28 per cent, the Australian housing market welcomes this swift decline. However, the last monthly drop is the smallest since June, with CoreLogic’s Tim Lawless saying the Sydney and Melbourne markets […]

Not since June have home values reduced at a slower rate than November’s 1 per cent decrease. Following the seventh consecutive month of decline, CoreLogic’s HVI currently sits at 7 per cent, a total of $53,400 below April’s peak. The firm’s research director, Tim Lawless, has described Sydney and Melbourne as the leaders in the […]

Treasury Laws Amendment (2022 Measures No. 2) Bill 2022 has today passed both houses of Parliament. The bill lowers the age that individuals can make downsizer contributions to their superannuation from the proceeds of selling their house from the age of 60 down to age 55. The amendment will commence from 1 January next year. […]

Nationally, property prices have fallen 3.53% from their peak in March, while across the combined capital cities they are now down by 4.38%. The sharpest declines have been seen in Sydney, with prices slumping 6.28% from their peak, followed by Melbourne, with a 4.75% fall from its peak. But new analysis by PropTrack of price growth movement […]

The survey of more than 400 by national online removalist booking platform Muval revealed one in 10 (11%) Australians have moved to slash living costs, while more than a third (36%) were likely to relocate to reduce expenses in the future. The report also found that twice as many Australians would move due to the […]

Speaking on interest rates and the property market to the 2022 AFR Property Summit, RBA Head of Domestic Markets Jonathan Kearns said the response of property prices to interest rates tends to be drawn out, occurring over years rather than months. “Given other drivers of prices also change in the interim, we can’t really disentangle […]

Making a tidy profit renovating a property seems like a very attractive proposition, doesn’t it? And that’s why more real estate investors are turning their aim at renovations. You know…buy low, renovate cheaply and add substantial value is the aim of the game. It sounds simple enough, right? Well it’s not really as simple as […]

Key takeaways After experiencing a “once in a generation property boom in 2020-21, we’re now in the adjustment phase of the property cycle. Currently our property markets are fragmented and some signature of the property market is still growing well For context, property prices have surged 29% since the pandemic while wage growth has risen […]