With rents rising and vacancy rates dropping, the stars are aligning for property buyers, an expert has said. The Reserve Bank of Australia (RBA) has signalled that record-low interest rates are set to remain until 2024 at the earliest, bringing the cost of borrowing down to half of what it was at the same time
Australia’s biggest bank – the CBA – has just upgraded its housing market forecast, joining the long line of economists that have done a 180° about-face. CBA economists think Australia’s housing market is “on the cusp of a boom”, saying that surging momentum in the property market and leading indicators pointed to strong price rises.
Anyone who has juggled working from home, home schooling and family meal time in the same space during COVID-19 knows firsthand how the pandemic has changed what Australians need in their home. While people are generally seeking more space and flexibility in their homes, the pandemic-enforced shift to working from home is having the biggest
A record two thirds of Australians say now is a good time to buy property, according to the latest research from comparison website Finder. Having surveyed over 20,000 respondents in their Consumer Sentiment Tracker nationally, 67 per cent believe now is a good time to buy, an all-time high since Finder began tracking the stat in May 2019. It was 42
Trends in housing finance show the continued rise of owner occupiers and first home buyers, led by Queensland The volume of finance secured for the purchase of property experienced a strong rebound in the September quarter, following the initial shock to demand for housing in the first two months of the June quarter. The latest ABS
With just over two months to go, investors are ramping up their investment strategy as a way to take advantage of low rates and falling house prices before the festive season, according to an expert in the space. According to Stephanie Davies, investment director at Wealthi, investors are looking to capitalise on the “Christmas rush”.
The research, commissioned by ING, has found that 26 per cent of Aussies think now is the time to buy a property in order to safeguard their future. Forty-four per cent described property as the strongest investment option. Low interest rates was pinpointed as a key factor for 32 per cent who feel more confident to buy property, while 27
While most major capital city markets have been seen suffering from the consequences of the COVID-19 outbreak, Brisbane has been deemed by experts as “offering stability” amid uncertain conditions. How will the Queensland capital fare in the remaining months of 2020? Early predictions in 2020 saw price fall across Australian property markets, but Brisbane remained
How the Aussie property market has turned from smashed avo to scrambled eggs First there was talk of first-home buyers and their smashed avocado on toast, now another breakfast analogy has been cooked up to explain the current state of the property market. “If smashed avocado had anything to do with housing affordability over the
New data has reaffirmed that the property market has retained its resilience despite the large economic wobbles in the June quarter. CoreLogic’s quarterly property update has revealed Australia’s dwelling market fell by just 0.8 per cent over the June quarter, despite some economists saying the $7 trillion asset class could fall by as much as