Latest Property News

  • House Lending is up by 50% from Lockdown

    Confidence is back, credit is cheap and people are taking advantage of the current market. The above combined with government handouts have made it an ideal time to get into the market as both an owner occupier and an investor. This is now reflected in the latest numbers on lending which show that housing loans

    February 4, 2021
  • Rents Hit Record Highs

    Not only have Brisbane prices hit record highs, Brisbane rents are also at record high. Property economics is really just based around Supply vs Demand. Brisbane is very much undersupplied at the moment but has a strong demand. Therefore, it is inevitable that rents and prices will have to rise. This doesn’t appear that it

    February 4, 2021
  • Home Builder Grant twice as popular as expected

    The federal government’s Home Builder Grant has turned out to be even more popular than expected. The $25,000 grant was released by Scott Morrison’s Liberal government and was expected to be taken up by 27,000. The current take up has been over 75,000 and will cost over $2 billion. This will support lots of job

    February 4, 2021
  • Brisbane’s median house price hits record high

    As most investors are aware, the Brisbane market is running hot. It is definitely on its next upward trend in its cycle. Results have just been released by the REIQ that the median house price of Brisbane is now at $720,000. Brisbane is an excellent place to be investing because it has been a slow

    February 4, 2021
  • Property Market Round Up

    I think to everyone’s surprise, the Australian property market overall has been doing very well through the virus period of 2020. While most people would have thought property prices would have slumped, prices have actually been booming in certain locations around Australia. Capital cities have all been on the increase except for Melbourne. With the

    January 19, 2021
  • Australia is recovering fast from COVID slowdown

    Australia’s financials have been very well managed by Scott Morrisen and the current Liberal government. For what everyone thought would be a deep and long recession coming into the virus shutdowns has turned out to be pretty smooth sailing and in fact, for many businesses it has actually been a boom period of high growth

    January 19, 2021
  • $80,000 per week residential rent? Really?!

    It has been revealed that a luxurious beach front home on Sunshine beach in QLD has been rented for over $80,000 per week over the Christmas period. This makes it the most expensive know rental in Australia.

    January 19, 2021
  • Banks Offer $4000 Cash Back as Competition Heats Up

    There has never been a better time to review your loans and check your borrowing capacity than now. As directed by the Federal Government, the strict rules around lending are going to ease to help money flow through the economy on Australia’s road to recovery from the COVID19 issues. This means in the past if

    October 21, 2020
  • Interest rates not to rise for at least 3 years – RBA Governor

    The governor of the RBA announced that the RBA would not be raising the cash rate for at least 3 years. “We do not expect to be increasing the cash rate for at least three years,” he advised in a speech dubbed “The Recovery” He is hoping to get inflation back between the RBA guidelines

    October 21, 2020
  • Westpac predicts prices will boom in 2021

    Westpac economists have done a full 180 degree turn and have now anticipated that house prices will boom by over 15% in 2021. After the rough period that the economy has gone through they are anticipating that the low interest rate environment combined with a very strong confidence in the market means that the market

    October 9, 2020
  • Unemployment drops!

    Yes – you did read that correctly! While most Australians could be excused for thinking that the economy is tanking and the sky is going to fall in (because that is what we are led to believe by the press) the real figures show a totally different story. Unemployment in September drop significantly. It dropped

    October 9, 2020
  • Consumer sentiment surges

    While many would think the prospect of further lock downs or a second virus outbreak may create negative sentiment, the latest study by Westpac has found that through the month of September consumer sentiment has soared increasing by nearly 20%. This bring confidence back to a level that is just below pre covid days. This

    October 9, 2020
  • Property proves very resilient

    Don’t always place too much emphasis on what you read in mainstream media. There has been loads of reports and statements to say that property will drop considerably in value. Everything from 10 – 30 % drops were spoken about. However, what you must remember is that the most sensational predictions only will sell papers,

    June 15, 2020
  • NAB Unemployment rate prediction is lowered

    NAB economists Alan Oster and Gareth Spence suggested that unemployment will not be as severe as first predicted. They have lowered their previous prediction down to a maximum of 8.5% unemployment. While this is higher that pre COVID levels, this is still very manageable and means that 91.5% of people are employed. Although the economists

    June 15, 2020
  • Consumer confidence back to pre-virus levels

    Westpac economic spokesman Bill Evans has released papers that show confidence across Australia is back at almost pre-COVID-19 levels. The papers show that confidence has risen sharply in recent weeks after Australia has proven that it has gotten on top of the virus with very little impact on the health of Australians. With only a

    June 15, 2020
  • RBA Cuts Interest Rates to a Record Low of 0.25 Percent

    The RBA has slashed the official cash rate to a historic low of 0.25 per cent in a bid to stem the economic damage from the coronavirus outbreak. 

    March 20, 2020
  • How the Australian property market is defying the coronavirus and COVID-19 outbreak?

    It’s still too early to predict the full scale of the coronavirus’ long-term impact, given the Australian outbreak is in its early stages. However, the past few weeks we have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. But remember, the share

    March 19, 2020
  • RBA Cuts Interest Rates To a Record Low of just 0.5%

      RBA had their 1st Tuesday of the month meeting yesterday. It was decided to drop the cash rate from 0.75 to 0.5%. This is a new historical low. Strangely enough, most banks have passed on the cut to customers with interest rates dropping to under 3% on a “Best Rate” with many banks. This

    March 4, 2020
  • February 2020 – RBA keeps interest rates on hold

    No surprise that the RBA kept interest rates on hold at their meeting earlier this week. With the impact on the economy from bushfires and the uncertainty surrounding the corona virus the RBA thought it was prudent to leave things as is and keep the option for a rate drop up their sleeve. Many forecasters

    February 6, 2020
  • House prices could jump by 14% in 2020 according to SQM

    Louis Christopher has recently stated that the housing market could jump considerably in the next calendar year. In his latest report Housing Boom and Bust Report 2020 he anticipates that if factors align things could be very good for investors. The market looks set to grow, “following on from the surprise result of the Federal

    November 26, 2019
  • Property Hotspots – Are they Useful in terms of Long Term Property Investment?

    In the 6 years following 2010 investors and home owners in Sydney and Melbourne did extremely well with those markets doubling in value. Both Sydney and Melbourne came to grinding halts in mid 2017 and have been in decline since. For an investor in those markets who has made a killing it is very hard

    November 26, 2019
  • 2019 in Review and looking forward into 2020 – Continued increase in Property values!

    As 2019 comes to a close, it is important to look back and review what has happened and changed within the property market as a whole, and reflect on how these changes are likely to impact the coming year. The continued low interest rates have resulted in a change in renting/owing percentages. This year has

    November 26, 2019
  • RBA drops rates again – October 2019 Update

    The RBA has dropped the cash rate again for the third time his year. The cash rate now sits a historic low of 0.75%. This is great news for property investors and those looking to get started in property investing. While not all banks have passed on the rate cut yet, a few have and

    October 2, 2019
  • What are “boom” ingredients?

    Given the historical low interest rates that we are having at the moment many people believe that the only ingredient to a boom in property prices is low interest rates. Hence, they are hoping that they go further down to create a stimulus. But low interest rates are not the only ingredients to a property

    September 11, 2019
  • Interest rates Stay on Hold – September 2019 Update

    Good news for property investors that rates have stayed on hold for another month. The next anticipated move will likely be downwards. The RBA remained on hold at a record low cash rate of 1% at its September board meeting as was anticipated. This followed 0.25% rate cuts in June and July. The Bank’s notes

    September 11, 2019

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