We’re going to quickly explain the five biggest ones, to help you make better property investment decisions. Myth 1: You must buy in a big capital city You should invest in communities that have diversified economies and the potential for long-term growth. There are literally dozens of...
The long-term rise in Australian house prices since the early 1960s has been the most sustained property market upswing in the world, new research says. Researchers at the Switzerland-based Bank for International Settlements have analyzed long-run trends in house prices, finding upswings have been more common...
Investor mortgage lending rose 4.3% in August, higher than the 0.9% rise in owner-occupier loans. ANZ senior economist Daniel Gradwell said the monthly increase in investor lending was the largest since APRA told the biggest banks to limit interest-only lending to 30% of new mortgages. The rise...
Confidence within the property industry has risen to its highest point in four years, according to the ANZ/Property Council Survey for the December quarter. The lift in mood was consistent across states and the industry became more optimistic on the capital growth prospects of all key...
Sydney and Melbourne’s housing markets are performing more strongly than expected partly because of the large number of migrants moving to Australia’s two biggest cities, says ANZ’s Australian chief, Fred Ohlsson. Thousands of new units are set to come onto the market in Sydney and Melbourne,...
The number of cranes dominating the skyline of capital cities has risen, with a record 685 structures around the country, according to the Rider Levett Bucknall fourth-quarter 2017 RLB Crane Index. With 350 in Sydney, 151 in Melbourne and 116 in Brisbane and the Gold Coast...
Second-tier lenders, including Suncorp, Bank of Queensland and industry super-owned ME, are calling on APRA to revise lending restrictions which are effectively ‘locking in’ the market share of the big four banks and restricting competition. For almost three years, banks have faced a 10% annual growth...
The number of first-home buyers using stamp duty concessions has doubled since the Victorian Government introduced the measures on July 1. Data from the State Government also indicates the incentives have been popular in regional centres including Ballarat, Bendigo and Shepparton. The changes mean people buying their...
The current two-speed property market could see workers leave Sydney and Melbourne and move to cheaper cities, says Macquarie Group’s chief economist Ric Deverell. Sydney prices have grown 13.6% in the past year while Melbourne is 16.8% higher, according to CoreLogic figures, and the outlook remains...
The proportion of income needed to service current household debt is lower than it was in 2011 because of historically low interest rates. In Brisbane for example, 30% of a household’s income is required to service an 80% loan-to-value-ratio mortgage, compared to 40% five years ago. Mortgage...
New research from non-bank lender State Custodians Home Loans has found that 74% of people think rentvesting is a good strategy for those seeking to get into the market. Both Gen Ys and Australians of all ages say that they’re in favour of rentvesting because it...
Ongoing population growth and constraints on building new homes means housing demand is set to outstrip supply in major cities for the next 40 years, the Committee for Economic Development of Australia report has found. Research and policy chairman Professor Rodney Maddock says the debate on...