It’s the question on the lips of Australia’s property punters, homeowners and wannabe buyers: what will the property market do in 2018? It’s now clear that 2017 will go down as the year that saw some of Australia’s hottest property markets switch gear following a five-year streak that saw Sydney’s median house price pile on […]
Why Brisbane’s a Safe Long Term Bet For Real Estate Values
Although Brisbane has enjoyed moderate growth over the last few years, real estate values have not increased as much as those of Melbourne and Sydney. There are several reasons for this including changes in industry that have resulted in the loss of jobs, sluggish employment and low migration rates. However, according to demographer Bernard Salt, […]
What to Expect from the Australian Property Market in 2017
It may not hit the boomtime peaks of 2013, but a survey of property analysts shows most are predicting solid growth in the price of houses in 2017. It’s a different story for apartments, and indeed for all property in “gloomtime” cities Perth and Darwin where analysts have consistently predicted more price falls. But if […]
Quick Guide: How to Buy a Home in a Competitive Market
Some homes are selling above list price before anyone realises they’re for sale. So how can you purchase that dream home without being frustrated by the highly competitive market? Here are a few tips for both buyers and agents to keep in mind while trying to keep up with the current fast paced real estate […]
How Low Will Interest Rates Go?
Following this month’s meeting, the Reserve Bank of Australia decided to keep interest rates at the record low level of 1.75 percent. Last month, the RBA decided to slash the cash rate by 25 basis points. Now, the reserve wants to give the Australian economy more time to absorb the rate cut. According to CoreLogic […]
Buying at Auction in Queensland
Many homeowners in Queensland choose to sell their homes by auction. There are several advantages to both sellers and buyers by selling at auction. But there are also differences in the procedures of sale when a home is sold at auction instead of on the market. New laws in Queensland implemented in 2014 have tried […]
The Seesaw Effect On Sales And Rentals In Western Australia
Rents remain on the decline while property sales are stable. Perth’s median house price remained at $547,000(three months to May), but the rents in metropolitan areas are dropping, as confirmed by the Real Estate Institute of Western Australia (REIWA). REIWA is a non-profit organization that operates to give Western Australians up-to-date market advice on real […]