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25.01.2022 Australia’s housing market has seen a bounce in October with all capital cities recording increases in property listings over the month, led by Melbourne. As Covid related restrictions started to ease, Melbourne recorded a 26.7 per cent surge in October with 9,286 more properties hitting the market than September. The SQM figures show that all capital cities recorded increases in property listings over the month.... National residential property listings lifted 6.5 per cent in October to 308,413 from 289,566 listings in September. Sydney and Canberra each posted large increases of 8.4 per cent. Hobart posted an 8.2 per cent increase. Brisbane recorded a 4.6 increase, Adelaide 4.5 per cent and Perth 4.2 per cent. The figures show Darwin recorded the smallest increase of 0.6 per cent.
25.01.2022 Buyer demand has significantly jumped compared to last year across all capital cities aside from Melbourne. The Domain buyer demand indicator shows that the market has rebounded in recent monthsrevealing the top suburbs piquing buyer interest. Houses and apartments in the outer-suburban areas of Sydney, Melbourne, Brisbane and Perth, were the highest in demand for the month up to 6 September.... This follows a state of hiatus caused by caused by Covid which is ongoing in Victoria where restrictions have stopped inspections and dropped listings. While Covid-19 lockdowns sent buyer demand into a state of hiatus, activity from people likely to buy has rebounded in all capital cities apart from Melbourne.
24.01.2022 For some Australians with good financial standing, the current market conditions are still ideal to purchase a home, said Tim Lawless, head of research at CoreLogic. Lawless said the low cost of debt remains a key factor supporting housing demand and helping insulate housing values. Through the pandemic to date, housing values nationally have slumped by only 2% and housing activity has trended only about 5% lower than a year ago over the past three months.... With the cash rate likely to remain on hold, homebuyers have greater certainty about housing costs. For people with confidence in their own financial circumstances and household balance sheets, arguably this is a good time to be considering a home purchase thanks to the low cost of debt and certainty that rates will remain low for at least the next few years. The low-rate environment supported the growth in new mortgage applications in July. This, in turn, boosted the spending intention for property.
24.01.2022 Do you own the home you're living in? You're potentially sitting on enough growth in your property to be able to use it to buy an investment property with your equity. As property prices appreciate the equity in the property does too. The banks allow homeowners to borrow up to 90% of the equity earned to purchase other assets. Let me give you a scenario.... If you purchased your home in 2018 or prior, and let's say you purchased it for $800,000 and has grown at the nationwide average of 6.35% per year, your home has potentially increased by $50,800 on top of the value you already held. Using this growth, you're able to extract up to 90% of the value to buy an investment property. So you're probably thinking "what could I get for $45,720..." the answer is; A strong start to your investment portfolio which will pay down the debt on your home, help you buy more property, create a passive income, grow market capital and set you up for financial independence. Here's how: first we need to buy a property that will return positive cash flow and high growth with $45,720, easily done, and this is how: Let's assume our house costs $300,000 Purchase Cost Stamp duty: $8,900 Deposit of 15%: $45,000 (Your Equity) LMI: $2,300 (85%LVR) Loan Application: $1500 Transfer Fee: $150 Mortgage Rego Fee: $150 Conveyancer: $1,600 TOTAL: $59,600 Cash Needed: $14,600 Running Costs Landlord Insurance: $ 1,400 pa Management + Vacant Fees: $2,700 pa Council Rates: $1000 pa Loan at 2.7% I/O: $6,072 TOTAL: $11,172 Gross Cashflow: $24,960 pa Growth at 13%: $39,000 pa TOTAL Gross Capital: $63,960 TOTAL Net Capital: $52,788 TOTAL Equity in Year 1: $84,000 pa With results like this, we have many options to consider! do we pay off the loan on our home where we live quicker and become debt free? do we pay off the investment quicker? do we use the capital growth for improvements and create more equity? do we use the capital growth for our next deposit? ... basically, if you're sitting on this type of power, ask yourself where you could be in 5 years’ time. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
24.01.2022 Australia has ranked 19th across 56 countries after recording a 6.1 per cent rise in house prices over the year to June. The Knight Frank global house price index result comes as the nation’s home values recorded a 0.4 per cent fall in August. The index, which tracks the movement in residential prices spanning more than 50 countries across the globe, found that Australia has risen 37 places up the rankings from one year ago when it came in last placeranking at 56.... The metrics show Australia has recorded 6.1 per cent growth in house prices over the 12 months to 30 June 2020.
24.01.2022 A great illustration of how data can be managed, but also misconstrue
23.01.2022 Five reasons you should be considering Perth for investment in 2021. 1. Affordability - Despite recent rises in median price, Perth’s property market still offers relative affordability for buyers compared to other locations across Australia. 2. Burgeoning demand - Perth’s property market has experienced sustained demand since mid-2020, and market indicators show this is likely to continue into the new year. ... 3. Strong rental yields - CoreLogic data for November showed gross rental yields were sitting at 4.3% for houses in Perth- well above the Sydney and Melbourne averages of 2.7% and 2.9% respectively. 4. Projected growth - Economists are forecasting growth of 12% for the WA housing market heading into 2021, these predictions have Perth leading the nation in price growth next year - Sydney and Melbourne are predicted to lag, with forecast growth of 8.8% and 7.8% respectively. 5. Economy strengthening - Perth’s economy fared well during the COVID-19 pandemic. Thanks to a shortened period of lockdown and swift government intervention, many of the 89,000 jobs that were lost have since been recovered.
23.01.2022 The details surrounding the newly announced extension to the HomeBuilder program have been released. On 29 November, the Treasurer announced that the HomeBuilder program will be extended to 31 March 2021, albeit in a modified form. The original program, which offers grants of $25,000 to owner-occupiers substantially renovating or building a new home, is available for contracts signed up to 31 December 2020.... After that day, the extended HomeBuilder program will apply. This will provide a $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive. There has also been an increase to the property price cap for new build contracts in NSW and Victoria. These are rising to $950,000 and $850,000, respectively. However, this only applies to the second iteration where the contract is signed between 1 January 2021 and 31 March 2021. #homebuilderprogram #investmentproperty #Australiarealestate
22.01.2022 We don't need to skimp on our lifestyles to be able to purchase an investment property! Entering into the investment sector of real estate with a low price point property will get you further much quicker than saving your pennies for years and side-lining your simple luxuries like your smashed avo on toast. We're actively buying properties in this price range for all the right reasons! 1. These markets have imminent growth - this means that the growth returns are FAST! I'm ta...lking 10% and upwards within the 1st year 2. The properties are positively geared! Why would you want to contribute more of your hard-earned cash into the lifeline of your investment property? 3. They are cashflow positive and generate additional income. The banks LOVE this as it creates trust between you and the lender which allows us to borrow more and grow quicker. 4. With such a low barrier to entry, even if you didn't want to use your savings, you could start and expand your investment portfolio with your Superannuation. These are just 4 of many reasons why we find huge value and gains in these properties. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
22.01.2022 I saw this while scrolling through the feeds. The sciences are important, but no more important than being able to effectively apply them. Imagine we all learnt these 8 lessons in school! I wish I had!
22.01.2022 We’re thrilled with Commbank's market estimate of .% ' for their newest investment! That's an estimated $, . With results like these, assuming serviceability and formal valuation, our clients can purchase another property right away with no money down on a new deposit! ... The fastest way to build equity is on the purchase. This property is in a growing market and $ which means it's paying itself off and more! Find out how we can help you achieve goals like these, book in a call on the link below, let's chat!
22.01.2022 Darren Venter from StratProp joins us this week on the show talking all things invest properties. Trent chats to Darren, covering: How to choose the right property?... How do you use data to find the right market? What are some things a typical investor may miss? What are the areas you like to invest at the moment? How does StatProp's Client Portal feature work? Original Interview: https://www.youtube.com/watch?v=7cFjn_IaSEA&t=7s
21.01.2022 The Real Estate Institute of Victoria (REIV) has just released the quarterly median prices for the three months to September 2020. Overall, the stats point to promising signs, particularly given the state has been hit with doom and gloom predictions off the back of the coronavirus pandemic, coupled with renewed restrictions forcing Melbourne into a stage 4 lockdown recently. The data shows regional houses set a new quarterly record at $442,500. This is an increase of 5.1 per ...cent for the quarter and 4.9 per cent over the last 12 months. Meanwhile, regional units have fallen slightly to $327,000, down 3.1 per cent from the past quarter but are 8.0 per cent more valuable than they were 12 months ago. The REIV data outlined the most affordable suburbs in metropolitan Melbourne and regional Victoria. Metropolitan Melbourne (for houses) 1. Werribee 2. Pakenham 3. Mernda 4. Wollert 5. Craigieburn 6. Frankston 7. Doreen 8. Langwarrin 9. Point Cook 10. Berwick Regional Victoria (for houses) 1. Stawell 2. Morwell 3. Churchill 4. Horsham 5. Ararat 6. Red Cliffs 7. Portland 8. Maryborough 9. Benalla 10. Bairnsdale
21.01.2022 House prices have recorded the smallest monthly decline in value since May, falling 0.1 per cent as buyer sentiment and confidence rises. It is the fifth month of decline, with September’s national Corelogic home value index weighed down by Sydney and Melbourne which account for 40 per cent of the nation’s housing volume, and 55 per cent of its value. Combined capital values dropped by 0.2 per cent, with Melbourne and Sydney dragging the Australian market down while the remai...ning capitals recorded a lift through September. Regional values continue to make gains, jumping 0.4 per cent as buyers look further afield for value, remote work and lifestyle benefits. There was also a striking turn in the housing market in September as sentiment and consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month. #propertymarkettrend #realestateaustralia #realestatenews #investmentproperty
21.01.2022 Despite the sharpest economic downturn in 60 years, house prices in major markets remain relatively stable or on the way up. Sydney properties are overpriced, ranking 16th in the UBS Global Real Estate Bubble report of 25 cities worldwide. Real home prices in Sydney are 50 per cent higher than 2010 and has experienced wild swings over the last three years after its 2017 peak.... The report also noted Sydney's 2018-19 price correction has since been rekindled by recent government stimulus. #Australiarealestate #Australiaproperties #investmentproperty
21.01.2022 Aussie has reported a 71 per cent jump in home loan pre-approvals across January to August amid the 2020 pandemic. While the group has not released the actual figures in real terms, it noted that the month of August saw the highest volume of pre-approvals on record since 2014, with the figure more than doubling since 2018, according to the major brokerage. According to the group, first home buyers (FHBs) accounted for more than half or 53 per cent of the pre-approval volu...mes across January to August. It added that pre-approvals in this segment increased by more than 130 per cent during this period, compared with the previous corresponding period. Across the states, NSW recorded the highest pre-approval volume this year, followed by Victoria, Queensland and South Australia. According to Aussie CEO James Symond, the figures have illustrated that borrowers are becoming better prepared before buying property. There’s a strong indication that people are giving themselves as much certainty as they can in an uncertain environment. Property seems to be where Australians seek that certainty to ‘bank on’ their future.
20.01.2022 A great result - Congratulations to our clients in their 3rd purchase! Feeling very humbled to have clients who appreciate the value we are able to provide and help them achieve their dreams. A bit about this purchase: Off-market purchase. Vendor was a asking for $419,000... We secured it for $390,000 We also negotiated $17,000 worth or improvement included in the purchase the market growth is expected to be more than 10% per year (10%-13%) The property is also positively geared and fetching $330 cash per week Estimated instant equity is ~$56,000 on purchase after important. Upwards we go!
20.01.2022 A New South Wales region has recorded both the largest rise in housing values, as well as the biggest jump in home sales over the past twelve months, new data shows. Illawarra, south of Sydney, came out on top in Corelogic’s regional market update, with Launceston in Tasmania showing the highest growth for units. Victoria’s Ballarat had the strongest selling conditions, with homes selling in just 30 days at minimal discounting levels, while Townsville in Queensland had the wo...rst selling conditions. Broader regional housing values have held firm through the Covid-19 period compared with their capital city counterparts.
20.01.2022 CoreLogic November home value indices showed a second consecutive month of property value increases following a COVID-19-induced dip. For the first time since January, every capital city recorded a rise in dwelling values, essentially off the back of accommodative monetary policy and fiscal policy, converging with a strong increase in consumer sentiment and the beginning of a recovery in economic conditions. However, while property prices moved into a broad-based upswing, ren...ts remain a mixed bag, according to the latest CoreLogic’s Property Pulse, released 03 December 2020. House rents proved to be more resilient, with most capital cities surpassing the average national increase at 3.2 per cent. Perth led the charge with 8.6 per cent, followed by Darwin with 6.3 per cent, Canberra with 4.9 per cent and Adelaide with 3.3 per cent. #realestateaustralia #investmentproperty #buyersagent
19.01.2022 Australia’s prestige property market is flourishing despite the global health pandemic and economic recession, with some of the nation’s most exclusive suburbs recording significant price growth in the past year. Data shows premium property remained buoyant in the 12 months to July. The top end of the Melbourne market performed well with the elite suburb of Toorak sustaining almost 20% growth to net a median price of $4.575 million in the 12-month period.... Prestige property had fared well despite the challenging economic climate and it was likely the most expensive suburbs would retain value best during the recession.
19.01.2022 So, that's a really basic explanation, it’s time to dive into the expenses a little deeper! In the video, I mention that $650 is the tenant contribution towards the necessary mortgage repayment of $500 per week, but there is a lot more to consider than just the mortgage repayments: 1. We need to factor in approximately 5-10% of the rental income as a management fee for our property manager.... 2. If the property sits within the land tax bracket, what is the annual cost for that? 3. Perhaps the property on a strata title, and if so, what are the levy charges? 4. Council rates vary drastically depending on the property and council they are in. There are many other costs which could be included, but as not all properties include all those costs, so I decided to make the video as easy and to the point of how gearing works. Negative gearing has its perks at some stages in the portfolio and can help with tax offsetting, but we don't find it lucrative to grow a portfolio in a hassle-free manner. We love positive gearing. One of the best ways to get a bank to trust us and allow us to lend, lend and lend again is to prove to them that we are able to generate an income from the properties we buy. It’s important to make sure that the above expenses are considered in your calculations. If you need help with understanding more on this topic, give us a call or send us an email. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
19.01.2022 The right way to network. Excellent day on out! @canefinancial @gazzatron_3000 @yourfinancepartner #nomadssydneysouth
18.01.2022 Since the pandemic began, major regional centres have consistently outperformed capital cities, with local home values well insulated due to distance from the afflicted capital cities and rising demand from a growing group of remote workers. The biggest realisation of working from home is that we can work from anywhere. COVID-19 proved staff can work autonomously for months at a time. All we need is a fast internet connection, with 7 million homes and businesses already on th...e NBN and 11.2 million ready to go. The new hotspots Many regions are becoming economic powerhouses. A 2020 report by economics consultancy Polis Partners found many large and small regional cities were outperforming their capital city counterparts on economic growth measures, including population change, business and jobs growth and investment in residential and commercial construction. According to the report, among the best regional performers of the year included Ballarat, Geelong and Warragul-Drouin in Victoria’s West Gippsland region; Newcastle-Maitland, Goulburn and Bowral-Mittagong in NSW; and Gympie and Cairns in Queensland.
18.01.2022 The Melbourne market has been jolted awake from a lockdown-induced slumber, with agents working around the clock to mop up pent-up demand from budding buyers and sellers. The lifting of a crippling two-month ban on physical home inspections, from September 28, immediately sparked a 24.5 per cent rise in high-intent buyer activity on realestate.com.au. This was the largest weekly increase recorded since the first week of 2019. Melbourne auction numbers remain low, with pro...perty data firm CoreLogic expecting just 59 to take place this week compared to 974 on the corresponding week a year ago. But Australia’s auction capital is mounting a comeback, with volumes steadily rising since hitting a dismal low of 11 in the week ending September 20. CoreLogic head of research Tim Lawless said this lack of supply was insulating prices from predicted double-digit falls, with COVID-19 wiping 5.5 per cent from Melbourne’s house and unit median so far. The city seems to be moving towards rising prices that offset these recent declines by the end of 2020.
18.01.2022 Equity is POWER! We love what it does for investors and the possibilities it creates. Balancing this with a small deposit and paying lenders mortgage insurance can really speed up your process of getting into the investment game. Put quite simply, equity is a portion of the value in the property that you own compared to the portion that the bank owns. The bank lends us the majority of this fee and trusts us enough to use some of those funds, once we're able to own more than 2...0% of the value. Here is a scenario; Let's say we find a house that costs $500,000. We have a 20% deposit saved up ($100,000), the bank loans us the other 80% ($400,000). At this point, we have no equity, we need to own more than 20% of the value. As time goes on, we make monthly payments to the bank over and over and slowly start to own more of the value. If 1 month of repayments ins $1,500, within 1 year we would have paid $18,000 towards the value. The bank will let us borrow up to 90% of that amount to put towards the deposit on another property. That is how we leverage equity. Essentially, it allows us to not have to start saving again as well as paying off a mortgage at the same time. Are you thinking; "Hmmm, I get it, but that's not much money...". Well, you’re right, it's not, but there are other ways we can use this tool, and without going into too much detail on each, below are just a few great ways we can build equity fast. 1. Buy with cash (if you can) - this holds a lot of value in negotiating a price well below the markets median price. Getting the bank to value the property back to the market price once you've purchased it, will give you instant equity - but you need to know the potential value before buying the property. 2. Use your tenant's positive cash flow to help pay off the loan faster. Positively geared properties meant the tenant's rental repayment is more than the mortgage repayments. This extra cash can be contributed toward the mortgage allowing you to own more of the value faster. 3. Making improvements is a great way to build value in a property, but make sure that the work you undertake will grow the most amount of value. A good example of an improvement with little value add would be something like the addition of a skylight, it is expensive and doesn't necessarily add as much value as say, converting the 2nd living room into a 3rd bedroom. Once the value has been added, the banks can come back in and revalue the property once again. One thing we need to understand is that once we borrow the funds from the equity for the deposit, we still need to be approved by the banks to lend us more money. So, equity is your friend, visit it frequently but treat it with respect. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
17.01.2022 So, we hear this word "yield" a lot in property investing and rightfully so, it can quite literally make or break your investment strategy. So, what is it, how do I calculate it and what should I do with it? A good yielding property is determined by the cash flow produced. Essentially it's whether it is geared positively or negatively and how well in either direction. BUT, it's very important to know if the calculation is based on a gross yield or net yield... so how do we ca...lculate that? Gross yield is calculated by taking the weekly rent, multiplying it by the weeks in a year, dividing it by the property price and multiplying that by 100 to get the percentage. eg: ($500 x 52 / $350,000) x 100 = 7.4% Gross Yield This figure of 7.4% represents the percentage of income generated greater than the price of the property on a yearly calculation, which totals $25,900, however, this is the amount which excludes all the expenses, charges, fees and upkeep of the property. Let's relook at this with all the actual fees and work out the net yield. for this, we need to subtract the expenses, charges, fees, and upkeep: 1. loan repayments - $7,650 2. LMI (if applicable) - $0 3. insurance - $1,200 4. land tax (if applicable) - $0 5. Council rates - $2,100 6. Management fees - $1,600 7. Strata (if applicable) - $0 8. Maintenance - $600 and any other expenses. Total: $13,150 Let's use some of the above as an example. $25,900 - $13,150 = $12,750 Therefore we are $12,750 cashflow positive which results in 3.4% For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
17.01.2022 A new survey has found that almost half of Australians with property in their pocket are actively looking to expand their investment portfolio in the next six to 12 months. According to the 2020 PIPA Annual Investor Sentiment Survey, which gathered insights from over 1,000 property investors during August, Australians remain largely optimistic about buying in the months ahead. In fact, the survey found that 44 per cent of investors are looking to purchase in the next six to 1...2 months. According to PIPA chairman Peter Koulizos, while there is no doubt that 2020 has been one of the toughest in living memory for everyone around the globe, property investors have remained resilient in the face of the unprecedented uncertainty that we are all experiencing.
17.01.2022 Over a quarter of the population believe now is the best time to climb the property ladder, while almost half view property as the best investment option, according to new research. The research survey commissioned by ING for which YouGov surveyed 2,075 Australians aged 18 and over, over August and September found that 44 per cent believe property is the strongest investment option, while 26 per cent believe now is the best period to purchase property. The survey also fou...nd that 44 per cent of all respondents and 50 per cent of Millennials feel positive about buying an investment property, citing low interest rates (32 per cent) and the prospect of lower house prices (27 per cent) as some of the key factors driving their optimism. Furthermore, the survey found the respondents had changed their savings and spending habits to adopt to the changing economy amid the coronavirus pandemic, with 37 per cent saving more and 40 per cent spending less during COVID-19. Younger Australians have particularly been contemplating property investment, with the ING survey finding that 25 per cent of Millennials (those born between 1981 and 1996) and 23 per cent of Gen Z (those born between 1997 and 2009) said they have been saving to cover costs associated with their planned property investment. The enthusiasm to purchase property by the younger cohort has been a recurring trend, with previous ING research stating that a third of Millennials and 77 per cent of Gen Z were eager to enter the property ladder, with both cohorts prepared to make sacrifices to own their own home. #propertymarkettrend #realestateaustralia #realestatemarkettrend #realestatenews #investmentproperty #buyersagent #homebuyers #younginvestors #wealth
17.01.2022 Regional and satellite property markets such as the Sunshine Coast are experiencing an uplift in transaction activity and house price growth throughout the pandemic. CBRE research shows that the Sunshine Coast has recorded consistent dwelling price growth for both houses and units, while simultaneously, population growth in the region is at its highest level in almost a decade. Over the second quarter of 2020, Sunshine Coast dwellings recorded a 0.8 per cent uptick in house p...rices during the period, and unit prices increased by 1.2 per cent. Places like the Sunshine Coast are reaping the benefits of a digital zoom boom. Regional and satellite residential property markets are experiencing remarkable resilience in the face of Covid-19. Over the past few months, people have been considering a sea-change to the Sunshine Coast bring that decision forward due to Covid. Being able to connect to the workplace remotely via video conferencing has made it easier for people to enjoy the benefits of a regional lifestyle while keeping their capital city jobs.
17.01.2022 A new report has revealed the biggest winners of Covid lockdowns in Melbourne with some suburbs and sectors getting better outcomes than others. In Stonnington the median annual rent increased 5.6 per cent, according to the inaugural Renting in Victoria Snapshot 2020. The other top five performing metropolitan areas are Maribyrnong up 5 per cent, Boroondara 4.4 per cent, Mornington Peninsula 3.9 per cent and the Yarra Ranges 2.6 per cent.... Following months of lockdowns normality is starting to return to the property market.
17.01.2022 What’s better than getting great results? Great results with happy clients. We managed to negotiate $29,000 off this purchase which was already below the market value by 6%. That is a huge win straight off the purchase with instance equity. Did I mention the property is a duel key property and is cashflow positive bringing in $620 per week!! It’s also in a growing market, crucial during time like these during the CoVid pandemic. Our clients are looking to buy again before Christmas because of these gains Set yourself up with the right property. #Cashflowpositive #imminantgrowth #investmentproperty @stratprop
17.01.2022 With home owners reporting positive sentiment, experts believe the next 12 months will see widespread recovery. According to a survey of 1,500 households conducted in December, 46 per cent of owner-occupiers expect the value of their dwelling to increase during 2021 rather than decline (5 per cent). This is a substantial change from six months prior, when only 22 per cent expected dwelling prices to rise and 25 per cent expected them to decline. Property prices are expected t...o rise across multiple markets in the coming year as home buyers and investors regain confidence. A resilient housing market that has weathered the economic pressures of COVID-19 together with lower interest rates will give home buyers and investors confidence. #propertymarkettrend #realestateaustralia #investmentproperty
16.01.2022 Our investment model is based on fast and strong growth in positively geared markets. This pretty much rules out investment options in Sydney for our clients using our typical modeling. However, other more diverse modelling displays options for investors in Sydney who are looking to negatively gear or manufacture large equity in some highly rewarding markets as we enter into 2021. Read my contribution in savings. com. au to understand what's local markets I'm advising on, if the strategy and entry is right for your portfolio. #sydneypropertymarket #investmentpropertysydney #propertyinvestorsaustralia @savings.com.au https://www.savings.com.au//sydney-suburbs-tipped-for-grow
16.01.2022 Covid-19 has opened a window for buyers in well-serviced, well-located suburbs that 12 months ago would have been out of reach. Buoyed by cheap debt, buyers are increasingly shunning dense urban centres and liveable suburbs, instead eyeing affordable areas where they can live at a safe distance from their neighbours and embrace flexible work arrangements permanently. For many workers, not having to commute to work every day has meant homebuyers are now looking at suburbs ...a few kilometres further afield from the CBD than they would have ordinarily considered. Recent reports have suggested that despite the downturn in immigration, detailed population forecasts in the budget suggested affordable suburbs were primed for enquiry and subsequent price increases.
16.01.2022 The mortgage stress levels among Australian borrowers have eased amid the COVID-19 pandemic, latest study from Roy Morgan shows. What could have caused the moderation in mortgage stress? According to the study, the share of mortgage holders at risk of "mortgage stress" declined to 20.2%, equivalent to an estimated 751,000 borrowers, during the three months to August. This level is near the record lows achieved during the October quarter last year when 723,000 mortgage holders... were considered at risk. "The federal government has subsidised workers with the $1,500 a fortnight JobKeeper wage subsidy, then almost doubled JobSeeker payment of over $1,100, and allowed businesses to trade while insolvent this year to keep people employed. Over the many years of research into mortgage stress, the data shows clearly that the loss of a job is the biggest driver of increased mortgage stress as the reduction in income causes an immediate jump into a ‘risk’ category.
16.01.2022 READ THIS - When we look at what makes the markets move up and down, it always comes down to supply and demand -> the higher the demand and lower the supply, the more expensive the market becomes... the simple foundation! What does this have to do with COVID? Well, with the way the property market is shifting due to people moving away from the big smoke, either because of job loss, or people looking for better lifestyles as employees become more satellite-based and less depen...dent on what was once their 9-5 office in the city. So how can we use this information? Essentially, the media reports bogus info about "The Market" plummeting... my question is "which market?" we monitor 3500+ market in Australia, but the media reports on the major ones because that what people click on when the headline pulls you in. The bottom line is that, when people leave an area, they don't disappear, they relocate and find new areas, therefore when one area demand drops, another rise, we just need to find those areas and understand their data. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
16.01.2022 COVID-19 has created the new norm of remote working and learning, opening up the opportunity to live from just about anywhere. Tenants looking for a sea or tree change are seeking regional properties and saving money in the process. Inner-city ‘burbs have always been hot pockets for tenants living close to the action provides them with top lifestyle bragging rights and short commutes to and from work and study. However, COVID-19 has changed all that with many Australian c...ities experiencing lockdowns, tenants’ priorities have shifted. Tenants who used to revel in nights out with friends, going to the movies, or seeing live music have had the carpet swept out from under them as many establishments have been forced to close or are now functioning at low capacity to slow the spread of coronavirus. New realestate.com.au data comparing April 2020 to August 2020 views per listing reveals that regional and coastal areas across the country have seen a massive spike in interest from tenants, while the traditionally popular inner-city suburbs are proving less and less appealing.
15.01.2022 The federal government announced a big win for would-be buyers in Australia it plans to overhaul the restrictions that have hindered many home buyers from accessing finance. Federal Treasurer Josh Frydenberg said while credit has become cheaper due to the low interest rates, many would-be borrowers are still prevented from accessing finance due to tight regulations. In a statement to the media, Frydenberg said, "The flow of credit will be absolutely critical to our economic... recovery. But our current regulatory framework, with respect to lending, is not fit for the purpose. It has become overly prescriptive, and responsible lending has become restrictive lending." The government's plan would allow millions of dollars to be injected into the economy at a time when Australia needs it most.
15.01.2022 Despite ongoing weakness in the Sydney and Melbourne markets Australia’s housing market held up over the June quarter, Corelogic’s quarterly property market and economic report shows. The decline in Australian dwelling market values was 0.8 per cent in the three months to June, impacted by Covid-19 which has forced a pause on international migration and declines in employment across tourism and hospitality sectors. The effects of the pandemic saw values fall by 1.1 per cent a...cross capital city markets, with houses down 1.3 per cent and units 0.5 per cent. In Melbourne, where lockdown measures have been reintroduced, values fell by 2.3 per cent. Sydney saw a milder decline of 0.8 per cent across the quarter. The Brisbane dwelling market declined by 0.2 per cent while the Sunshine Coast and Gold Coast dwelling markets saw dwelling price increases of 1.0 per cent and 0.7 percent respectively. Hobart saw values increase by 1 per cent over the quarter while Hobart and Adelaide both recorded lifts of 0.7 per cent. Regional markets had been relatively resilient, increasing by a further 0.3 per cent in the same period.
14.01.2022 Australian mortgage borrowers are starting to recover from the impacts of the COVID-19 outbreak on their finances, with almost half of deferred loans now returning to normal payments, figures from Australian Banking Association (ABA) show. During the worst period of the COVID-19 pandemic, banks have provided repayment holidays for one in 11 borrowers. The number of deferred mortgages peaked in June, hitting 500,000 loans. Recent figures from ABA, however, show that this num...ber has decreased to 270,000 during the second week of October. This means that around 45% of deferred mortgages are now back on regular payments. In September alone, around 130,000 borrowers on deferral had already resumed regular payments which is a good sign for the economy. It shows that more Australians are getting back on their feet and resuming their loan repayments
13.01.2022 A great chat with Trent Muffett from SohoApp about ROI from your investments properties and how to ensure you’re on the right track to strong portfolio expansion. For more about us visit: www.stratprop.com.au Tailored purchasing strategies from, Individually profiled investor plans for,... Cashflow positive properties With high imminent growth. All implemented with a transparent approach which helps our clients understand the process and methodology. We’re for portfolio growth, not just property purchasing. Call for more info: 0404290149 Or email me on: [email protected] www.stratprop.com.au
12.01.2022 Of the major capital cities, Melbourne was one of the most impacted by the COVID-19 outbreak. Going into 2021, investors are asking themselves how the Victorian capital will fare over the next 12 months and whether prices will bounce back, fast. Many economists are bullish on the years ahead for the Melbourne property market, with some expecting prices to jump by as much as 6 per cent in 2021 despite the headwinds that it faced due to extended lockdown periods and overall eco...nomic slowdown. According to experts, price growth in the first half of 2021 is likely to mirror the upward trend seen since COVID restrictions were relaxed over the last quarter of 2020. It is also forecasted that economic stability in 2021 will continue to improve. China trading will improve and we will see stock market growth continue and perhaps surpass the February 2020 all-time record. Melbourne hotspots will include family suburbs with great access to schools, such as Berwick, Essendon, Blackburn, Glen Waverley, Bentleigh and Bundoora. Investors, meanwhile, will benefit from suburbs that are in close proximity to CBDs, transport links and universities, such as Footscray, Brunswick, Caulfield North and Geelong.
11.01.2022 A fantastic chat with Ben Handler from the Buyer's Agent Institute around process and data. We hold a huge regard to correctly sourced and comprehended data. Know your plan and plan your outcome.... Steps to undergo (Best Practise) 1 - know your objective 2 - know your ability 3 - know your budget 4 - comprehend your data 5 - be realistic and opportunistic 6 - always be respectful 7 - keep things simple For more information www.stratprop.com.au [email protected] 0404290149 https://youtu.be/_KudksY0jS0
11.01.2022 A great result - Congratulations to our clients in their 3rd purchase! Feeling very humbled to have clients who appreciate the value we are able to provide and help them achieve their dreams. A bit about this purchase: Off-market purchase. Vendor was a asking for $419,000... We secured it for $390,000 We also negotiated $17,000 worth or improvement included in the purchase the market growth is expected to be more than 10% per year (10%-13%) The property is also positively geared and fetching $330 cash per week Estimated instant equity is ~$50,000 on purchase after improvement. Upwards we go!
10.01.2022 A few insights we shared with our partners at Taylors Property Management around investment trends. We use timing and placement as one of our fundamental data scenarios when buying investment rich property. I hope you enjoy the read!
10.01.2022 Home values across Australia continue to remain remarkably resilient to the economic effects of COVID-19 with prices nationally dipping just 0.4 per cent in August. According to CoreLogic’s Home Value Index, it was the fourth successive month of price declines. However the rate of decline is easing. The slip in prices was led by a fall of 1.2 per cent in Melbourne and 0.5 per cent in Sydney, followed by -0.1 per cent in Brisbane.... In Adelaide and Perth prices remained steady while Hobart’s values were pushed up by 0.1 per cent, Canberra’s by 0.5 per cent and Darwin’s by 1 per cent. The combined capitals fell 0.5 per cent, while regional areas remained steady.
10.01.2022 With over 1,500 homes scheduled to go under the hammer, the combined capital city auction market is set to see its busiest week since early April, according to CoreLogic Auction Market Preview for the week ending 25 October 2020. This indicates a rise of 33 per cent in weekly activity. Of the major capital cities, Melbourne is expected to see the most significant rise in volumes, with 178 per cent more homes scheduled for auction week-on-week. The 520 scheduled auctions are the largest number of auctions tracked over a grand final weekend since CoreLogic commenced auction reporting. Meanwhile, other capital cities are also expected to see a rise in scheduled volumes, with Sydney following Melbourne at 742 homes, up on the 704 from the previous week.
09.01.2022 Affordable homes, new technology and potential for growth are driving regional property markets ahead of metropolitan areas with Bendigo, the Sunshine Coast and Orange coming out on top. Regional house price growth effectively tripled capital city results during the second quarter with a lack of overseas arrivals and millennials making the largest contribution to the market shift. This is creating new opportunities for property developers and investors looking to take advanta...ge of emerging markets. Notable areas that are picking up pace include Ballarat, Gold Coast, Gympie, Golburn, Mackay, Victor Harbor, Mudgee, Warrnambool, Whittlesea and Northern Territory capital Darwin.
09.01.2022 Spending intentions amongst Australian households continued to improve in July, with buying sentiments almost reaching the recent high recorded late last year, according to the latest study by Commonwealth Bank. All spending categories, except for health and fitness, remained positive by the end of July. Retail and home buying recorded the highest level of spending intention. The boost in the spending intention for property was due to the spike in mortgage applications and property purchases during the month. The rise in new mortgage applications, which was supported by the low interest-rate environment, should help support to home-buying intentions the future.
08.01.2022 Western Australia is still the most affordable state to buy and rent in, with the state’s average loan size 19.4 per cent lower than the national average, according to the latest REIA Housing Affordability report. The average loan size reduced to $397,739, a drop of 2.1 per cent over the quarter, and an increase of 7.3 per cent compared to the June quarter in 2019. The region has seen Covid-19 largely contained and mining is still a driver of the local economy, according to H...otspotting.com.au. The Perth market has shown greater resistance to the pandemic impact than most Australian markets in terms of sales activity.
07.01.2022 The pandemic has seen lots of people moving state this has caused Australia’s cheaper cities to see a boom in price growth. Over 7000 people moved to Queensland during the three months between March and June 2020. South Australia has also done well. During the first COVID lockdown, South Australia has gained 104 new residents. This data covers only the first lockdown, earlier in the year, and it doesn’t capture the many Victorians who became South Australians later in the year.
07.01.2022 The Reserve Bank is now expecting a firmer economic recovery with monetary policy measures and government stimulus boosting the nation’s economy over the coming year. House prices have increased in most cities and regional Australia over recent months, and despite declines seen in Melbourne the property market has generally remained resilient since the onset of the pandemic. According to the RBA, the availability of finance at low rates has been one-factor supporting demand f...or housing in Australia. Australia's housing values increased for the first time in five months, up 0.4 per cent in October, with Melbourne the only capital city recording a decline. The availability of finance at low rates has been one-factor supporting demand for housing in Australia, the bank's latest statement said. In September Australians borrowed $17 billion to purchase or build new homes, a 36 per cent jump on the same time a year earlier. Approximately half of the rise in September’s owner-occupier housing loan commitments was for the construction of new dwellings, a 25.3 per cent rise, which the ABS stats show are at historically high levels.
07.01.2022 Growth in house prices will accelerate over 2021 and Sydney’s outer suburbs and coastal suburbs are tipped to lead the charge, new research revealed. Harbour City prices increased by an average of about four per cent over the year and bigger rises are expected over 2021 due to improving buyer confidence and lower interest rates spurring demand. The consensus from economists and banks is that Sydney prices will grow by an average of at least five per cent, with some tipping double digit rises.
06.01.2022 Many home buyers are turning away from dense urban centreseyeing affordable and improved housing options in the bush or by the beach. According to a recent survey by Me Bank and Ethos Urban, first home buyers were more likely to consider buying in a regional area with more people working from home and companies decentralising operations. A shortlist of more than 80 towns were ranked on categories most relevant to someone working from home, such as internet quality, health an...d education facilities, the town’s character and vibrancy, physical attractiveness of the area, population growth, employment rate and proximity to a major population centre. With working from home on the rise, now is a perfect time to escape to the country, not only to improve lifestyle but save money and buy a home.
06.01.2022 Five Tasmanian regional areas have posted COVID-proof home-value growth over the past three months. In new data from realestate.com.au, Dorset, Devonport, the Central Coast, Latrobe and Georgetown recorded median house price increases of between 10.42 per cent and 17.54 per cent. The best performing local government areas in the south for houses were Hobart at 5.96 per cent per cent and Glenorchy 4.29 per cent.... Brighton, Glenorchy and the West Tamar were Tassie’s top unit market LGAs lead by Brighton’s 8.47 per cent median price change over the quarter. According to Mandy Welling, president of the Real Estate Institute of Tasmania, with Tasmania’s top performing LGAs all being in the north and northwest, these regions were outranking the rest of the state for value for money. #realestateaustralia #investmentproperty
06.01.2022 LMI allows investors to buy a property with a deposit between 20% and 5%. The rate we have to pay is dependent on how small the deposit is, i.e., the smaller the deposit, the larger the insurance amount. This can be paid off in one lump sum or included in your monthly repayments. The fee can vary quite a lot as well as the rate of return and must be considered when calculating your objectives. Let me explain what I mean by giving you an example. If investors purchase a proper...ty which has decent growth, let's say 8% p/a on a $400,000 property, and the strategy was to extract and recycle the equity into the purchase of another property. This a great tactic to use as it is using your property as a "currency" rather than your savings to pay for the deposit. This growth would result in $32,000 added equity to use towards the next purchase. However, if the same investor only paid a 5% deposit (95% LVR which is $20,000) on the purchase of the house, he or she would need to wait until the LVR passes 80% (or 20% of the value which is $80,000) to be able to extract that equity, then essentially the investor will be waiting a while before being able to tap into the equity. Contributions from employment and rental return can help here, but not as quickly as what we consider ideal. One way (of many) around this would be to drop the target purchase price to less expensive property, minimising the LMI by contributing 10% or 15% of the deposit allowing the investor to get back into the market quicker. Not everyone has the same objectives and timelines, it's up to each individual's personal situation and goals as to how quickly he or she wants and needs the return and how much they're willing to sacrifice to get there. LMI is a great tool to use and should be balanced carefully with your loan to value ration to maximise the outcome.
06.01.2022 The ACT property market has been in an upswing since August last year. Capital city dwelling values have been affected differently across Australia in the wake of the pandemic, but anecdotes of demand in regional lifestyle area show the Australian Capital Territory dwelling market as the clear winner of the capital cities, increasing 1.3 per cent in value between the end of March and the end of July, as national dwelling values declined 1.4 per cent in the same period. Whil...e it may seem counter-intuitive that prices are rising across the ACT amid a global pandemic, the property market is actually performing as may be expected when the cash rate is reduced. Residents across the ACT may be relatively insulated from some of the effects of the pandemic. As of early August, social distancing restrictions were easing across the Territory, and the ACT had gone almost one month without reporting new active cases.
06.01.2022 What are the backbone principals of property investing? Well, assuming your funds are all in order, it's about using those funds in a market which is in the right place at the right time, let me explain; If you're able to find a home that the local demographic is looking for and that fits your budget, then all that left is to validate the area it's in and its surrounding areas.... For this, we have to find supportive data to show growth in the future, which means we need to understand what growth plans (in terms of infrastructure expenditure on major projects to create desire) have been put in place today, as well as what the areas historical data looks like, for both infrastructures as well as population movement and characteristics. If we see an area which has all the right supportive data for us to be able to forecast the potential growth in and around our area of interest in the future by understanding what happened in the past and what is currently happening, then we're onto a winner. We use this mapping in our forecasting: "The right place" + "The right time" = "Desire" "Desire" + "Growth" = "Affluence" **Affluence and desire are the key objectives for our research process and are based on the principals of timing and placement.** For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
06.01.2022 Covid-19 has significantly impacted the property market but house price declines nationally have not been uniform in nature, with some specific markets not recording price declines at all, despite the deep recession caused by the pandemic. While the length and severity of the downswing remain uncertain, economists have pointed to the rapid rebound in house prices in the years following the 2008-09 global financial crisis. Corelogic found that capital city dwelling values had ...increased by up to 39 per cent in select suburbs in the three years from December 2008, while a number of regional locations experienced price increases north of 66 per cent. The research, undertaken in a joint initiative with the Property Investment Professionals of Australia (PIPA), revealed a significant uplift in varying locations following the global economic shock. Capital city results showed a mix of inner-and outer-city suburbs, with six of the top performers based in Sydney, while Melbourne’s best performers were located in inner areas and Adelaide’s in outer suburbs. According to Corelogic, dwelling values in regional areas increased over the three-year perioddriven by the boom in the resources sector at the time.
05.01.2022 The rate at which a property market grows is up to many variables, one of the biggest influences is infrastructure, but not just any infrastructure. To understand what makes infrastructure a good driver, we need to ask ourselves what people look for in a suburb that they want to live in, or near. Top of this list is employment, and for us, we want to see mass employment, not only for the reasons that mass employment means a lot of people will be relocating for that particular... industry but also because their spouses will need to work, their kids will need education, their weekends will require entertainment and their lifestyles will need social interaction, introducing all these variables (overtime of course), means that the area will become more desirable. Desire creates affluence and affluence creates desire, and all of this together creates demand and growth. So what are examples of the right type of mass employment infrastructures? 1. Shopping malls are a great indicator that the need for large employers will be on the horizon. 2. Hospitals show us that there is an interest in keeping the population safe and healthy and is usually flanked with other supporting trades. 3. Schools and universities demonstrate the existence of affluence and the need for local education. The 3 examples above are all large space-consuming infrastructures which indicate the development of an area. Now I'm not saying that they can’t be built amongst congestion, but what I am saying is that they are probably already there and the imminent growth possibilities are less likely to occur that that or developing regional areas. So, developed areas have had their major growth movement but attract an affluent demographic and therefore grow slowly, while developing areas attract infrastructure which leads to development and then eventually affluence and therefore imminent growth. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
05.01.2022 Melbourne’s auction market has defied the city-wide Covid-19 lockdown, returning an increased clearance rate of 73 per cent, albeit to a lower volume of listings. Much of the national focus was on Melbourne which has been placed under strict stage-four lockdown restrictions as the state battles a surging second wave of coronavirus cases. There were 298 auctions scheduled in Melbourne the previous week, down from 357 previously and 500 over the same week last year, CoreLogic s...aid. Preliminary results showed a total of 178 homes were sold, out of the 244 collected results.
05.01.2022 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 20 per cent. The capital cities saw a 1.1 per cent reduction in house prices while, regionally, properties grew by 0.3 per cent during the quarter. The impact of COVID-19 has been an enormous negative shock to the economy. However, housing market value declines were r...elatively mild over the June quarter. This is thought to be a function of record-low mortgage rates, home loan repayment deferrals and various demand-side government stimulus for owner-occupier purchases. Some smaller capital cities continued to experience an increase in dwelling market values over the June quarter. For example, Adelaide, which has historically shown very little volatility, saw a 0.7 per cent increase during the quarter. Australia’s capital remained a high-growth market at the start of the pandemic, with large increases concentrated across houses. Furthermore, the ACT rental market saw a decline in value, as lower-income household employment has been more impacted by the pandemic.
05.01.2022 Honoured to be featured on Geared For Growth with Mike Mortlock, a leader in tax depreciation. We chat about all things fundamental about property market growth, what we can expect and what we need to know as we go into an exciting investment times in 2020. Listen Now!... https://lnkd.in/gFzKhTh i-Tunes: http://ow.ly/z4hG50Cu2Ra Spotify: http://ow.ly/whki50Cu2R7 Have another favourite Podcast app? You can find us here: http://ow.ly/og0Q50C0mvM
04.01.2022 Adelaide’s success with preventing the spread of COVID-19 is seeing consumer confidence grow and a return to a pre-COVID lifestyle, which is having a strong impact on house prices. The property council in South Australia recently shared that up to two-thirds of workers are back in the CBD. It suggests that while we will have more people working from home, it’s unlikely that our CBDs become ghost towns. Currently, Adelaide is a leading indicator of what is happening as we come... to some sort of normality. Adelaide has been resilient. When you think of the downturns in Sydney and Melbourne between 2017 and 2019 with the ups and downs of a changing political environment and credit changes, we didn’t see Adelaide respond to the same level. There is a high proportion of owner-occupiers that are returning to the market, with many properties selling above their reserve and now we are starting to move from resilience to strength. Adelaide has the traditional fundamentals that would see a housing market grow.
04.01.2022 The federal budget has been mostly well received by members of the real estate industry, who have applauded the measures taken to boost consumer confidence and kickstart property activity. According to the Real Estate Institute of Australia (REIA), the budget has provided an encouraging outlook for all players in the Australian property market. Bringing forward and backdating stage 2 tax cuts will improve borrowing capacity and housing affordability. This comes at a time wh...en the outlook for interest rates will remain low until at least 2023. In addition, the Australian government’s focus on creating employment and generating re-employment through various budget measures is good news for tenants, investors, home owners and those wishing to sell.
03.01.2022 The Domain Buyer Demand Indicator has revealed both houses and apartments in the outer suburbs of Sydney, Melbourne, Brisbane and Perth were the highest demanded properties for those cities for the month up to 6 September. The research showed consumers are starting to adapt to the new norm, with working from home making living near the office less crucial in capital regions. The current health crisis has changed the way we use our homes, and for some altered our purchasing decisions and property wish lists. While COVID-19 lockdowns sent buyer demand into a state of hiatus, activity from people likely to buy has rebounded in all capital cities apart from Melbourne.
03.01.2022 Some suburbs in Sydney have seen increases of over 34 per cent in the past 12 months. The lack of supply, low interest rates and the unaffected buyer who was looking to upsize had fuelled price gains. New Domain figures show that Belfield, 12 kilometres from the CBD, is up a whopping 34.4 per cent to a median of $1,202,500 in the year to September. ... In the south, Bexley house prices jumped 32 per cent to a median of $1.13 million while the northern beaches suburb of Bayview notched an eye-watering increase of 31.6 per cent to a median house price of $2,237,500. Median house prices in the inner-west suburbs of Alexandria and Petersham also grew more than 27 per cent each to $1.851 million and $1,593,043, respectively. The city’s real estate market has continued to defy the worst forecasts from when the COVID-19 pandemic hit, with Sydney’s median house prices increasing 1.2 per cent to $1,154,406 over the September quarter, in the latest Domain House Price Report.
02.01.2022 Australia is on the verge of another housing boom after a series of major policy changes. In an attempt to stimulate the economy, Treasurer Josh Frydenberg said in September that he wants to scrap responsible lending laws to make it easier for consumers and small business owners to get a loan from the bank. Then, the previous week, Reserve Bank governor Philip Lowe said the central bank would start basing its decision-making on actual rather than forecast inflation.... This means interest rates will stay lower for longer, which will push up prices by enabling buyers to borrow more cash.
02.01.2022 Low vacancy rates are great indicators for areas which are in high demand. What does it mean when an area is in high demand? Well, generally it means we can expect the market prices to increases. Let's break it down and understand why this happens and what we can gauge from it... When a population moves into an area, it's driven by a need or a want, we call this desire. The more desire there is, the more population movement we see and therefore the fewer rental dwellings ther...e are. This is the basics of how the vacancy rate decreases. The lower the number, the higher the demand and the more rent we can change. In time, the market increases because of additional amenity and infrastructure coming into an area to support this population shift, this is where our property value increases. But why and how does the vacancy rate go in the other direction? Let us use mining towns as an example. We have all seen mining town properties grow in value and yield, but we've also seen how they can fall and crash. This is because there is a lack of alternate infrastructure and amenity within that area to create the desire to remain there after the mine has ceased operations. Once they move out, vacancy rates go up, demand goes down, rents reduce and the property market wears thin. There is a lot of reason for the vacancy rate movement and in every case the data is circumstantial, so it's very important to understand what you're looking at to be able to make the best judgment form the data you're reading. For more information on this topic, reach out to us on: [email protected] 1800 488 484 www.stratprop.com.au
02.01.2022 Fringe suburbs Clyde and Wollert have joined trendy Prahran among Melbourne’s hottest markets for houses. According to realestate.com.au, buyer demand for houses has almost doubled in these pockets over the past year. Also rising rapidly up the ranks of househunters’ wishlists were West Footscray, Brayside, Heatherton, Monbulk, Aberfeldie, Kingsville, and diamond in the rough Frankston North.... Government housing grants are boosting demand for greater Melbourne’s affordable pockets and experts are seeing very strong interest in house and land packages off the back of first-home buyer activity and HomeBuilder.
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