Economic Updates

Like most people in the property industry, I was dismayed that a key revenue item in the recent Victorian budget was to increase land tax payments for investment properties.

Regional Australia was the standout during the pandemic with the virus sparking the greatest movement of people to these parts of Australia ever recorded.

First home buyers make a tentative step back into the market

In April, new listings were down 17.1 per cent with Sydney and Melbourne seeing the biggest falls.

Price growth takes a breather, but not everywhere

Fixed loans no longer popular

In February, over 140,000 foreign students returned to Australia and the number of students arriving on temporary student visas is slowly returning to pre-pandemic levels.

Construction problems and a rental crisis will continue to push people to buy established homes

It isn’t often you would get a bargain (relatively) in the Sydney suburb of Mosman but the end of 2022 would have been your moment.

Population growth and a housing shortage are both now outweighing increases in the cost of finance with Australian house prices having increased by another 0.5 per cent in March.

There are four ways to predict interest rate changes.

Mortgage stress has risen dramatically since last year but so far we are yet to see an increase in people selling as a result.