National housing markets have continued to rise over April but growth rates were significantly lower than the strong results reported over March. The national capital city median house price increased by just 0.4% to $1,129,408 over the April quarter compared to the March quarter, according to the latest data from My Housing Market. The national…
If you visit southern Greece or Tunisia, you might notice lots of white rooftops and white buildings to reflect the intense heat and keep residents cooler. It’s very different in Australia. New housing estates in the hottest areas around Sydney and Melbourne are dominated by dark rooftops, black roads and minimal tree cover. Dark colours…
Amongst the myriad property statistics available these days is one that sometimes is given too much attention if you ask me. I’m talking about median prices, which on a good day, can show property investors which suburbs they can likely afford to buy into. However, on a bad day, some people think they’ve made big…
A disturbing narrative has taken hold in recent years—a kind of “Tall Poppy Syndrome” that paints property investors as the villains of the Australian dream. This portrayal is neither fair nor accurate. At Metropole, we manage over $2 billion worth of property assets for our clients and I know most of them aren’t greedy and…
Regret is part and parcel of everyday life. We all have a list of things we wish we had and hadn’t done throughout our life journey. Sometimes you might wish you’d taken another career path, travelled more or taken advantage of an opportunity presented to you. Many people, when faced with a crossroad, are plagued…
Here’s something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May 2022. On each occasion, its rationale was that by making borrowing more expensive, it would…
When you think about the word “free” what does it mean to you? For some people, it means the freedom to do whatever they want — whether that’s financial freedom or having no ties so you can travel the world. For others, “free” means something that costs you no money. But, of course, nothing in…
Are you wondering what will happen to the Melbourne property market in 2024? Clearly, the Melbourne housing market has not performed as strongly as some other capitals over the last year, but Melbourne’s property values are expected to gain ground as we move through 2024. Melbourne home prices were flat in March, while unit values…
Are you wondering what’s ahead for the Brisbane property market in 2024? Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout 2024, with dwelling values continuing to go from strength to strength. Brisbane’s housing market skyrocketed over the last few years with 55.2% price growth…
Are you wondering what’s ahead for the Sydney property market in 2024? Well…Sydney’s home values will continue to increase, although a little more slowly than they did in 2023. The surge in properties for sale in Sydney hasn’t yet slowed demand, with prices rising 0.3% in March and 9.6% over the past year. Both buyer…
