Should I buy or sell now?
This question will linger as long as the coronavirus does – and longer – because timing the market is one of the trickiest things to do even in a dull market, let alone when newspaper headlines are screaming panic and crisis. This is why ‘time in market’ becomes more important than ‘timing the market’. People […]
Boosts for renters & borrowers announced
Rate cuts and loan repayment pauses The Reserve Bank of Australia dropped interest rates to further historic lows last week to help the Australian economy respond to COVID-19. Banks responses have been mixed in terms of what they passed on to their customers. The big four banks made cuts to their fixed home loan rates. […]
Market update: How real estate is coping with the virus
Take auction clearance rates, one of the market’s leading indicators, for example. Over the weekend they showed the first signs of softening, although they haven’t fallen significantly yet. According to Domain economist Trent Wiltshire in Business Insider, “the impact so far has been pretty muted. Clearance rates have been down a touch but they’ll still […]
Win win: rental bargains + solid investor yields
Brisbane clocked up 0.3 per cent growth in rental prices in January, compared to 0.7 per cent growth in Sydney, Canberra and Hobart which tied for first place in the rental growth race. While tenants will be happy with Brissie’s slow rental growth, landlords will be smiling too. It’s the highest monthly growth result for […]
#10,000 First timers set a cracking pace to market
This is up 25.5 per cent from the same time last year and is the fastest pace at which first home buyers have flooded the market in 10 years, according to Australian Bureau of Statistics figures reported on Domain. Growth in loan values also hit an impressive pace, soaring 46.2 per cent to $4.19 billion. […]
Market update: Record buyer numbers, coronavirus & investors are back!
This week in Brisbane supply of properties for sale is still restrained, with overall listing volumes down six per cent, compared to the same time last year. Conversely, we’re seeing record number of people attending open homes, most likely due to the low interest rates, the limited property stock, and the increasing market confidence. Brisbane is […]
Brissie homes rack up #8 straight quarters of price growth
Yep, it’s pretty much impossible. But one thing the stats do tell us is that, over the long term, Brissie is a steady and reliable performer. The latest CoreLogic data shows property prices in Brisbane have grown for eight consecutive quarters. That’s two years of solid growth, reports realestate.com.au. So, will it continue? In the […]
FOMO-fuelled buying: Brisbane’s #10 most in-demand suburbs
Nowhere is this stark reality clearer than the bunch of Brissie burbs where far more Aussies are looking for homes than there are properties on the market. This includes the hugely popular north side favourites of Wavell Heights and Stafford Heights, reports news.com.au. We can’t say we’re surprised. If you caught our market wrap video […]
Market update: Coronavirus
The big news this week has been the RBA emergency interest rate cut of 25 basis points, leaving our cash rate at a record low of 0.5 per cent. At a time when nervous consumers are stockpiling household essentials, RBA boss Philip Lowe decided that a rate cut was needed to boost confidence and help […]
Where is it cheaper to buy than rent?
The clever counters at CoreLogic have discovered that almost half of all Brisbane properties are cheaper to buy than rent, reports 9 news. What the? They’ve calculated mortgage repayments based on a loan amount that is 80 per cent of the property value and compared that with rental payments for an equivalent property. Sound too […]
