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2021 was a year like no other - prices boomed creating new records and as the value of Australia’s housing market skyrocketed, the collective wealth of homeowners jumped by over $2trillion despite the pandemic. And sure, it’s clear that we've moved into the next phase of the property cycle - the adjustment phase - and won’t see the same level of overall price growth in 2022. In fact the value of some properties will fall and certain sectors of the housing market will suffer

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We all know that the rich keep getting richer, but the question is how can we learn from them? Sometimes it can seem as though rich people are born lucky with inevitable success ahead. But the reality is, that anyone can become rich. It’s not like they have any special secrets. After all, even the rich can only invest in property, shares and business like any other ordinary Australian. But the secret is they understand and follow 7 key concepts for success. And the good news

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Queensland leads Australia’s property pack with almost 51,500 properties settling through the first quarter of 2022 in the Sunshine State, narrowly ahead of Victoria, according to new sales data from property settlement platform PEXA. Surfers Paradise was one of Australia’s most popular areas for buyers during the March quarter, 2022. It is the third consecutive quarter more properties have settled in Queensland than any other state, a trend PEXA’s head of research, Mike Gill

A few weeks ago the ABS released some updated population growth figures. In short, for the year ending September 2021, Australia’s population grew by 70,000 people. The big winners in the population growth stakes were: Queensland, up 58,000; New South Wales, up 24,000 and Western Australia, up 18,000. Population Victoria lost some 33,000 people over that twelve-month period. When I present stats about population growth – and especially when asked by friends or relatives arou

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The Real Estate Institute of Australia has welcomed the real estate measures in Budget 2022, calling it “a budget for the times.” REIA president Hayden Groves said Budget 2022 would help push down runaway inflation and help mitigate challenges to housing affordability. “With 50,000 new places coming online through the First Home Loan Deposit Scheme, this is a most welcome measure,” Groves said. “This is a $24 billion commitment in guarantees that could generate up to $30 bill

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While some bank economists are predicting that house prices will fall this year or in 2023 as interest rates increase, I’d like to explain why property prices will continue to rise. Economists are concerned that the Reserve Bank will soon raise interest rates to slow down inflation because inflation is very hard to reign in once it takes hold. They believe that higher interest rates will make housing less affordable, and that lower buyer demand will then push prices down. It

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The Australian property market has had a year unlike any other in 2021, and we certainly experienced it here in Toowoomba. Rising home values, increasing rents and demand outstripping supply – we had it all. We look back on a year of historic growth and find out what we can expect in 2022. 2021 – the year of the regional property boom Regional markets across the country boomed this year, thanks to record low-interest rates, an increase in remote working, relatively affordable

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Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007. CoreLogic’s quarterly Rental Review shows the national rental index increased 1.9% during the December quarter, a repeat of the figures recorded in the September quarter. Despite quarterly growth rates easing since peaking in March at 3.2%, the national index recorded its highest annual growth rate since January 2007 in N

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