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What's ahead for the Central Coast market in 2023?

01/03/2023

Central Coast The future of real estate

With greater work flexibility and record high prices in Sydney, the NSW Central Coast saw a large increase in buyer activity, explains Angus Moore, economist, realestate.com.au. Now, despite rising interest rates, enthusiasm for the area’s property looks set to continue in 2023. “We saw a lot of people moving up from Sydney — in particular […]

Why time in the market is more important than timing the market

01/03/2023

Borrowing Investing Property Management The future of real estate

When it comes to property investment, many buyers and investors become obsessed with the idea of timing their property purchase with the view that buying at the bottom of the market for the cheapest price is a formula for property success. And considering the current property market conditions, this seems more prevalent than ever. But, in my […]

Real reason Australia’s rental crisis is out of control

25/02/2023

Investing Legislation Renting The future of real estate

OPINION It is hard to go anywhere without hearing about Australia’s rental crisis. And for good reason, with rents soaring at record double-digit rates across much of Australia on the back of record tight rental vacancies.   Australia’s rental market initially tightened over the pandemic due to a desire for more space, the growing trend to working […]

Real estate veteran predicts bottom is nearing for house price falls

24/02/2023

Buying Selling The future of real estate

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, […]

Property prices are set to fall 7% to 10% this year - but it’s not quite as scary as it sounds

19/02/2023

Buying Selling The future of real estate

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 […]

Australia is rapidly becoming a nation of loners - and there are big implications for us all

16/02/2023

Lifestyle The future of real estate

In this piece, we look at the impact the changing face of Australian households could have on the property market.   Single-person households on the rise Throughout much of Europe, the United Kingdom, and United States, living alone has become more common since at least the 1970s. And the number of one person households is […]

What’s next for Australia’s growing housing crisis?

13/02/2023

Banking Buying interest rates Renting Selling The future of real estate

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 […]

Expect the unexpected from property in 2023

12/02/2023

Buying Investing Selling The future of real estate

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 […]

How living locally and the rise of the 20-minute neighbourhood will ensure some suburbs outperform in 2023.

10/02/2023

Buying Legislation The future of real estate

Key takeaways 2023 is likely to be the year that our real estate markets reset and a new property cycle begins. But we’re not in for a property boom any time soon, and moving forward affordability will remain a big issue meaning our capital growth will be very fragmented depending upon local factors. The ability […]

What will happen to interest rates in 2023? Experts reveal their predictions

09/02/2023

interest rates The future of real estate

Mortgage-holders and home buyers can expect more interest rate rises in the first quarter of this year, but the good news is that most economists now predict the official interest rate will start coming down by late 2023 or early 2024. The Reserve Bank of Australia’s (RBA) cash rate could rise from its current 3.1 […]

The future of housing in Australia

14/01/2023

The future of real estate

Australia needs to build an additional three million homes over the next two decades to provide the needed infrastructure to house Australia’s growing population. By 2041 we will have 13 million homes, up from 10 million in 2021. Changing needs for a home The current demand is for homes with backyards and a home office […]

Get ready for NSW’s Six Cities Region

05/01/2023

Legislation New South Wales The future of real estate

Australia’s first multi-city region, the Six Cities Region, is being developed in New South Wales. A multi-city region, also known as a mega-region, establishes an integrated network of globally and locally connected cities. The Six Cities Region spans the Lower Hunter and Greater Newcastle City, Central Coast City, Illawarra-Shoalhaven City, Western Parkland City, Central River […]

What’s ahead for property in 2023?

04/01/2023

Buying Investing Selling The future of real estate

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 […]

What trends do brokers expect to see in 2023?

03/01/2023

Banking Borrowing Buying First Home Buyers interest rates Investing Selling The future of real estate

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 […]

5 common mistakes investors make during a property downturn

13/12/2022

Investing The future of real estate

Originally published in 2019.   It is no secret, 2019 is shaping up to be an interesting year with the value of many properties still falling. The current market is causing concern and stress for many investors who’ve never invested in a downturn. In reality the market is just doing what it always does – […]

The biggest real estate news – The week ending 11 December

11/12/2022

Banking Borrowing interest rates Investing Retirement The future of real estate

Welcome to REB’s weekly round-up of the headline stories and news that are important not only for the real estate sector but also for the state of property in Australia more broadly. To compile this list, not only do we consider the week’s most-read stories and the news that matter to you, but we curate […]

Startling numbers put housing market correction and gloomy headlines in perspective

24/11/2022

Buying Selling The future of real estate

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 5 biggest trends that will shape the workplace in 2023

23/11/2022

Business The future of real estate

Glassdoor and Indeed’s 2023 Hiring and Workplace Trends Report showed that despite growing concerns of a global economic recession, workers would retain the upper hand in the job market — making hiring a tougher undertaking for businesses looking to expand their workforce. According to the report, which surveyed thousands of workers and consulted with economists to determine […]

Look what’s going to happen to Australia’s property markets over the next 40 years

13/10/2022

The future of real estate

Now I’m not talking about tomorrow, or next month, or next year. Of course that’s the focus of much of the media at present. There is a lot of commentary about what’s going to happen to our property markets in the short-term, or how the new strain of Coronavirus is going to affect the markets, […]

An interesting shift in how we use property space

15/06/2022

Covid-19 The future of real estate

Key takeaways The pandemic has changed how we think about our homes, with many people wanting more space, a garden, or fewer flatmates to share that space with. The average household size has fallen, and the share of group households has declined. The decline in average household size increased the demand for homes, which is […]