Stay-Vesting: A Growing Trend Among First-Time Homebuyers
In the face of skyrocketing property prices and dwindling affordability, many first-time homebuyers are turning to a strategy known as “stay-vesting” to enter the housing market. This involves living with parents for an extended period to save on rent and boost borrowing capacity, enabling the purchase of investment properties as a stepping stone toward eventual […]
Unlicensed Agents and Criminal Elements in Australia’s Real Estate Sector Prompt Legislative Overhaul
In a comprehensive investigation led by Christopher Knaus and Nick Evershed for Guardian Australia, startling revelations have emerged about the presence of convicted criminals and unlicensed real estate agents operating across Australia. The report highlights systemic vulnerabilities within the real estate sector that have allowed such individuals to participate and, in some cases, flourish undetected. […]
Disrupting Real Estate: The High Cost of Selling Homes in Australia
In Australia, the journey of selling a home is not only complex but also expensive, primarily due to the high advertising fees imposed by dominant property portals like realestate.com.au and Domain. As Sarah Martin reports, homeowners like Dimitri Chrisis are finding themselves in a bind, where the cost of advertising their property can make a significant dent […]
Australian Property Market Sees Mixed Signals as Suburbs Face Declining Values
In a recent CoreLogic report, nearly a third of Australian suburbs have experienced a drop in property values in the three months leading up to August, indicating a growing disparity within the national housing market. The September 2024 Housing Chart Pack revealed a distinct downturn in several areas, particularly in Victoria, where Melbourne and its […]
Australian Property Market Defies Flood Risks, Continues to Attract Buyers
Despite escalating climate-related risks, the demand for high-risk properties in Australia shows no signs of waning, with buyers seemingly undeterred by the potential dangers posed by nature’s wrath. A recent analysis by Climate Valuation delved into the flood risks associated with properties across Australia, revealing some startling trends that are raising eyebrows among experts. “Beaches […]
Urban Exodus Reverses as Australians Return to City Living
After years of the much-discussed “sea change” and “tree change,” where Australians left cities for quieter, nature-rich regional areas, a significant shift is now bringing them back to urban centers. This trend reversal, highlighted in a new report from the Property Tribune, titled “The Death of the Sea Change,” suggests a growing preference for urban […]
Divergent Real Estate Trends Challenge the Notion of a Unified Australian Property Market
The Australian property landscape is undergoing a significant transformation, defying the traditional concept of a unified national market. According to Sue Williams’ recent examination in her article “There is no such thing as a ‘national property market’ in Australia anymore,” the discrepancies in property prices across major cities underscore the emergence of distinct regional markets. […]
The Challenging Future of Australia’s Rental Market: Why Lower Rents Seem Unlikely Anytime Soon
As Australia’s rental market remains at record highs, the prospect of rents falling significantly is looking increasingly unrealistic, according to leading economists. Despite a recent slowdown in growth, experts predict that Australian renters are unlikely to see cheaper prices in the foreseeable future. Instead, factors such as high interest rates, insufficient housing supply, and steady […]
Australian Property Market Continues to Rise, Albeit at a Slower Pace
Australia’s housing market has marked its 19th consecutive month of growth, with home values increasing by 0.5% in August. However, the pace of growth is showing signs of a slowdown, which could be a signal of relief for potential first-time home buyers, according to the latest CoreLogic Home Value Index (HVI). The median home value […]
Australia’s Property Market: A Balancing Act Between Growth and Affordability
Australia’s property market has been a topic of significant discussion due to its robust growth over the past decade, leaving potential homeowners grappling with high prices amidst a cost-of-living crisis. Maria Gil’s insightful article, “What will slow property prices down? How Australia can rein in its price rises,” dives deep into this pressing issue, shedding […]