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New research suggests that property investors may hold onto an asset in a declining market for longer than they should out of fear of making a loss. Such a decision can be especially financially damaging for highly leveraged investors who bought at the peak of the market with the expectation that prices would keep rising. […]
Australian Market Update: Property prices in many state capitals now rank among some of the world’s priciest, with Australia’s five biggest cities named as ‘severely unaffordable’, according to Demographia, an international housing affordability think tank. In its 2017 annual report, the group ranked Sydney the world’s second least affordable city, with house prices almost 13 […]
AUSTRALIAN SCENE BankWest recently published its 2017 Housing Density Report which reveals long-term trends in Australia’s housing density by examining the nation’s dwelling approvals over time. It looks at trends at a state and capital city level by monitoring the number and proportion of medium density dwelling (units, townhouses and apartments) approvals compared to total […]
We’ve all read the news reports about decrepit cottages and tiny garages fetching sky high prices, so it will come as little shock to learn that property in Australia and New Zealand’s major cities rates among the least affordable on the globe. The 13th International Housing Affordability Survey on global house prices was recently released […]
Welcome back to a brand new year. With Australia’s property affordability at an all-time low in many markets around the country, a number of property business leaders have urged state and federal governments to push ahead with tax reform to help fix the worsening problem. This comes after the Coalition ruled out changing the negative […]
With such disparity between property price growth in various markets around Australia, it’s interesting to look at the latest predicted hotspots and discover where you can potentially grab a bargain. Based on recent strong transaction numbers, Adelaide has been identified as the number one growth city in Australia, home to more suburbs with rising numbers […]