Blog
If you’ve decided to undertake a renovation or build a new home recently, you’ve been in for a shock Across Australia, building costs are soaring, driven by a jump in the price of materials and labour.
While we spend a lot of time talking about which property to buy, managing a rental property is just as crucial to get a great investment return.
Autumn market - how we’re travelling. And now the perennial question: How is Melbourne’s property market travelling? Half way through the autumn selling period, the answer is steady but not spectacular growth.
Interest rates- how they’re likely to affect property. For 30 years, property investors and home owners have watched interest rates track down to their lowest level on record. Now that rates are set to rise, what will the impact on the property market be?
What property investors need to know about Budget 2022. No nasties for investors. It goes without saying, negative gearing and capital gains tax concessions were unaffected by this year’s budget.
Wage growth and property prices - an explainer. One of the fundamental drivers of property prices is the state of the overall economy. When times are good, the price of real estate tends to move up, but when the economy is struggling, property tends to suffer.
While many home buyers and investors focus on detached houses, in an expensive market like Melbourne, sometimes the best option with a limited budget is to wade into the unit market While it’s true Melbourne unit prices often rise less (8.7% in 2021, according to CoreLogic compared to 15.1% for detached houses) those broad figures include newer units which typically underperform market. So, what type of unit should you buy if you’re an investor or an ambitious home buyer?
It is the perennial question I get asked on radio, at forums or in my office: What is the best type of property to buy? The honest answer is, the same types I’ve been buying for a decade. But some years, things change and a new option pops up as a great investment. 2022 is such a year – so let’s take a deep dive into this year’s best buys.
Property had a stellar year in 2021 with Melbourne values soaring 15.1% for the year; 22.1% nationwide. But at the end of the year, some statistics showed a slowing, leaving commentators suggesting the dream run was over. So, is it? We think that pessimism is misplaced with the market likely to record solid if somewhat unsexy growth in 2022. But there are signs you should look for to see how the market is travelling.
I have recently been engaged by clients to source, investigate and secure for them a home in the northern Melbourne suburbs. They are wanting a home that has potential for a good renovation in order to add value to their property. With the Brief and Budget locked in, I have now commenced the process of identifying suitable Investment Grade property options.
With the Australian property market having a stellar performance throughout 2021, first time Property Investors are now looking at 2022 and deciding where to invest. After attending an online Property webinar yesterday, hosted by Hotspotting’s, Terry Ryder, with a panel of various property experts including our CEO Miriam Sandkuhler , it is clear that South East Queensland is a favoured location. And by all accounts the South East Queensland property market should be one of the stand out performers for 2022.
You might think property, like everything else in Melbourne, is locked down. But the sales of Melbourne homes are powering ahead and as the market opens up, it promises to get even hotter.
