The national rental index was up 2.8% in the March quarter, the fastest quarterly pace of rental growth since the three months ending May 2022 (2.9%). Rental conditions do show some seasonal strength through the first quarter of the year, which helps to explain some of the renewed upward pressure on rents. However, the annual…
In a remarkable display of market strength, Australian homeowners in key capitals have witnessed their property equity soar by over $100,000 in just the past year. The PropTrack Home Price Index for March reveals a noteworthy trend: even with a surge in listings, property prices have not only held firm but reached new heights, underscoring…
Sophisticated investors understand their portfolios are the equivalent of income-producing businesses and wealth-creation vehicles. What I mean is they don’t adopt a set-and-forget attitude, and then naively hope that it all works out in their financial favor… someday! Rather, just like business owners, they make sure they have the necessary insurance in place to protect…
A key financial goal for most people is to eventually repay their home loan. Last year I outlined 3 questions you must ask yourself to determine whether repaying your home loan is your top priority – see here. The internet is filled with countless ideas on how to repay your home loan faster. However, many of…
Have you ever wondered what leads to the ups and downs of our property cycle? Well…when we delve into the realm of investment markets, we’re navigating a sea guided not just by numbers and data but largely by human psychology. And yes, those ever-oscillating curves of booms and downturns that shape our financial landscape are…
2024 is shaping up to be an extraordinary year for established “family-friendly” apartments (what many of us call “flats”) in Melbourne. These aren’t your run-of-the-mill units; we’re talking about properties that exude unique charm, offer generous space for comfortable living, and are nestled in neighbourhoods where heritage protections ensure the preservation of character. These factors…
I was motivated to write this blog for two main reasons. Firstly, I observed several buyers’ agents on social media proudly advertising short-term capital gains. One instance caught my attention, where a buyers’ agent claimed to have purchased a property for a client 18 months ago for $435,000, asserting its current value at $510,000, implying…
Australia’s rental market is in crisis with vacancy rates at all-time lows, slim rental stock and skyrocketing prices. But there are some areas bucking the trend. New PropTrack data shows that in some regions, the availability of rental properties is actually increasing. Could this be a sign that our rental crisis is turning a corner?…
![Perth housing market update [video] | April 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/03/Perth-city-270x200.jpeg)
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
When it comes to property investment, there’s no shortage of information available about what budding investors should do in order to ensure success. And just as important are the pitfalls to avoid so you don’t become a statistic of the property game. While many investors start out with the intention of making it big in…
