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real estate

Prices Rise as Listings Tighten Again

Posted on by Laze Spasevski
Prices Rise as Listings Tighten Again
As prices rise and listings tighten again, the market became tough for buyers but unexpected opportunities for homeowners. Australia’s median property price rose 1.0% in November and 3.1% over the quarter, according to Cotality. At the same time, SQM Research reports total listings fell 5.4% month-on-month and new listings dropped 11.3%. With fewer homes hitting the market, buyers are compe...
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Commercial Property Market Improving

Posted on by Laze Spasevski
Commercial Property Market Improving
Australia’s commercial property market is showing early signs of recovery, with income performance improving across most sectors and investor sentiment gradually stabilising, according to KPMG’s latest market update. The industrial sector continues to lead the way, supported by strong tenant demand and limited supply. It has now recorded two consecutive quarters of growth, with total return...
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Rate Cut Driving Property Price Growth

Posted on by Laze Spasevski
Rate Cut Driving Property Prices Growth
“This February’s rate cut was a clear turning point for driving the growth of property price.” said Cotality research director Tim Lawless – and the numbers back him up. National property prices rose 0.6% in June, marking the fifth consecutive month of growth. Over the past five years, the national median has increased by 44.3%, despite several dips along the way. Mr Lawless said the lat...
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Rental Growth Continues

Posted on by Laze Spasevski
Rental Growth Continues
The latest rental data shows different financial trends for renters and property investors, as rental growth continues and opportunities emerging on both sides. After rising steadily since 2021, rents climbed another 4.2% over the year to June 12, according to SQM Research, contributing to ever-higher living costs for tenants. Conversely, property investors are benefiting from higher inc...
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Victoria Extends Stamp Duty Concession

Posted on by Laze Spasevski
Victoria Extends Stamp Duty Concession
  Victoria delivers amazing news for all off-the-plan homebuyers as it extends the off-the-plan stamp duty concession for another 12 months—boosting housing affordability and driving new construction. The Allan Government initially introduced this concession in October 2023 as part of its Housing Statement, with an original end date of October 2025. However, the 2025/26 Victorian St...
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Homebuilding Approvals Hit 2-Year High

Posted on by Laze Spasevski
Building approvals hit two-year high
Homebuilding approvals are heading in the right direction as it hit a 2-year high, opening up the possibility of more residential construction activity in the near future. According to the Australian Bureau of Statistics, a total of 16,579 approvals were issued in January. This marked a 6.3% month-on-month increase and 21.7% year-on-year increase. This increase was also the highest monthly ...
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Rate Gap Highlights Need for Regular Loan Reviews

Posted on by Laze Spasevski
 Rate gap highlights a need for regular loan reviews as results on Finder, a comparison website, shows a gap between the average variable interest rate and lowest variable rate of 1.57 percentage points in early March, while the gap between the average and lowest fixed rate was 1.37 percentage points. It is very important to note that interest rate comparisons are not always equal, and some loa...
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ATO Warns Investors

Posted on by Laze Spasevski
ATO Warns Investors.
The ATO (Australian Taxation Office) warns property investors it will pay close attention to their reported income and deductions this tax time. Based on official data, 90% of investors make mistakes on their tax returns. ATO assistant commissioner Rob Thomson emphasized the importance of correctly categorizing expenses related to rental properties. He said that general repairs and maintena...
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Commercial Sales Set To Rebound

Posted on by Laze Spasevski
  Commercial sales are set to rebound as transaction activity in the Australian commercial property market appears to be trending up. However, sales activity in 2023 will almost certainly be well down on last year's results. There were $29.2 billion of sales in the office, logistics & industrial, and retail sectors during 2022, according to JLL. Which is considerably higher comp...
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Rental Shortage Set To Linger

Posted on by Laze Spasevski
The rental shortage is set to linger as the national vacancy rate in July dropped to 1.3%. It is forecasted by SQM Research that this is unlikely to change anytime soon. The rental shortage is likely due to 2 major factors: A rapid increase in population. Fewer new homes are completed in 2023 compared to 2022. SQM managing director Louis Christopher said. “Australia currently has...
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