Market Update: Rate cut set to spur price surge
Sometimes when rates go up, prices still go up too. But we digress. The big news welcomed by home buyers and mortgage holders in May was that rates have dropped by a quarter of a per cent. That equates to about $90 back in your pocket each month based on a loan size of $600,000, […]
Election serves up democracy sausages, certainty and a property market bounce
Auction clearance rates jumped to 70 per cent in the week after the election, up from 60 per cent in the middle of April, according to Cotality data, reports The Guardian. Auction clearance rates above 70 per cent usually indicate sellers are in control of the market. But listings remained low at 33,000 immediately after […]
Most home buyers doin’ it for themselves
Data from the Mortgage Choice Home Loan Report shows three quarters of wannabe buyers are scratching together a deposit from personal savings alone. The findings, published by Mortgage Choice, show differences in the proportion of buyers across different age groups who funded their deposit alone: 74 per cent of Generation Z (18-28 years) 70 per […]
Brisbanites now paying more for land than Melbournites
The median land price in southeast’s Queensland surged by 11 per cent in the first quarter of 2025 to $437,900, overtaking Melbourne for the first time, reports realestate.com.au. The analysis comes from the Oliver Hume Quarterly Market Insight report which analysed nearly 1,200 sales in Greater Brisbane. It found that the median price per square metre […]
Downsizers staying home
They found seven in 10 empty nesters in Queensland are still living in the family home. Around one in 10 are considering moving while two in 10 downsized when the kids moved out, reports realestate.com.au. As Australia faces a housing shortage, economists are circling like seagulls on a chip as they try to find ways […]
Market Update: Record Growth Continues
The federal election and those ‘Trump tariffs’ did little to dent relentless property price growth. Brissie prices jumped an extra 0.4 per cent in April, exceeding the national growth rate of 0.3 per cent, reports Australian Property Investor. The data comes from the latest Cotality – formerly CoreLogic – Home Value Index. (In case you […]
Getting gritty: Not “the end of the world” if prices drop
Conversely, first time buyers would be giddy with delight to read such headlines as home ownership becomes increasingly out of reach. But what goes up must come down right? Seemingly not always. From a policy perspective, the first home buyer concessions and incentives designed to help Aussies enter a pricey property market are often blamed […]
New rental activity highlights top #20 investor hotspots
The MCG Investor Index, commissioned from Suburbtrends by MCG Quantity Surveyors, compiles a list of individual suburb areas (SA2s) that should be on the investor radar. “It identified suburbs that combine compelling rental yields, affordability, socio-economic stability, and strategic positioning,” Australian Property Investor reports. The findings also showed investors are preferring houses over units, with […]
Market Update: New rental index captions our pain
A dark red spot on the map gives renters an ‘ouch’ rating of 80, meaning high rental increases and a high proportion of salary spent on rent. The ouch rating drops as the colours lighten from orange through to yellow. Here in Aspley and Zillmere, the colours indicate a pretty big boo boo: a Rental […]
What’s the magic number to avoid mortgage stress?
But as property price growth has outpaced wages growth, many Aussies are digging deeper to pay off the home loan. A Real Estate Institute of Australia analysis found that Australians are now typically spending 48 per cent of their household income on their mortgage repayments, reports Australian Property Investor. In dollar terms, Queenslanders are paying […]
