In the current housing market everyone has an opinion, including me of course! We have all seen the news headlines either in print or online: “House prices set to plummet by 20-25 per cent in 2023” – News.com.au 10/2/23. We have seen the media talk up the “R” word. Why the Reserve Bank is pushing […]
I attended 2 auctions in flogging rain on Saturday. The first in North Melbourne saw a single fronted Victorian home go under the hammer. In the freezing cold and rain and not enough space inside the home, around 50 people stood outside and waited for the auctioneer. A previous offer of $725k had been rejected […]
We can look back on Saturday’s election results and certainly talk about the polls and media commentators missing the outcome. But what will it mean to the property market? I certainly had spent much time thinking about the impacts of negative gearing being wound back and also the possibility of large capital gains tax changes. […]
The Australian Prudential Regulation Authority (APRA) is an independent body that supervises banking institutions and has been a useful tool for the Reserve Bank of Australia (RBA). 2 years ago the RBA board knew that the housing market was overheating in both Melbourne and Sydney. But nowhere else in the country was the housing market […]
Clearance rates are not dropping, and they are simply not likely to anytime in the near future. Listening to Channel Nine’s Ross Greenwood this morning I heard him talk about the need for another 2.5M dwellings in the next 15 years. And considering we are now only at 9M, that is nearly 30% more than […]
With talk from the federal government of limiting Negative Gearing, many commentators are talking about seeing massive changes to property investment and to this end a potential property crash. And many of these alarmists have talked about the stock market crash being the end of people investing. There are going to be changes in what […]
With the final test before the Easter hiatus passed with flying colours it is now very obvious to all and sundry that the market has jumped up a notch. How far? 3%, 5%, 7% or 10% in the past 4 months; the stats will tell us that in a month or two. But anecdotally, it […]
With over 1000 auctions last weekend, the clearance rates of the three main data collection companies have all come in at or just below 80%. The REIV, usually the highest data collection rate over the weekend came in with 939 auction results for a clearance rate of 78%. Please note, this means that all properties […]
It is time to get up and do something! It is time to think about buying that new car, go on an Australian holiday or buy a new house or investment property. Do something for yourself and you will be starting to do something for your country. If you are a small business owner, get […]
Regardless of the outcomes in Canberra today our economy will keep turning over. It will grow and contract like a living breathing giant. Most people forget that the mining industry is only 20% of our economy. And whilst this has faltered due to commodity prices and the other economies around the world slowing, 80% of […]
