Buyer beware of the renovated property

Eager property buyers should be extra cautious of recently renovated properties that could be masking serious pest and structural issues in sellers’ haste to capitalise on soaring property markets, according to real estate expert and buyer’s agent Patrick Bright. Mr Bright, who is the author of The Insider’s Guide to Buying Real Estate and director of EPS Property Search, said buyers should be more worried … Continue reading Buyer beware of the renovated property

CoreLogic February Home Value Index

Australian housing market values rise at the fastest rate in seventeen years – Embargoed until 01/03/21 10 am AEDT Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003.  Spurred on by a combination of record-low mortgage rates, improving economic conditions, government incentives, and low advertised supply levels, Australia’s housing market is in the … Continue reading CoreLogic February Home Value Index

CoreLogic Property Pulse

The House Always Wins: Why house sales vastly outstripped  unit sales over the year  By Eliza Owen, Head of Research Australia at CoreLogic In the year to January, CoreLogic estimates that there were 459,308 properties transacted across Australia. Most of these sales were houses, rather than units.   It is not unusual for house sales to make up the majority of transactions, with houses making up … Continue reading CoreLogic Property Pulse

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Winners & Losers in the Rise of the Regional Property Market

While it is hard to predict the future in these unpredictable times, Deakin University property experts believe major regional centres will continue to outperform metropolitan areas in 2021 but this will not be good news for everyone. Dr. Adrian Lee, an associate professor in property and real estate with the Deakin Business School, said affordability and proximity to Melbourne will continue to draw buyers to … Continue reading Winners & Losers in the Rise of the Regional Property Market

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Australian Property Values Reach A Record High

Housing values continued to rise through the first month of 2021 with CoreLogic’s national home value index up 0.9% over the month. The January movement takes Australian home values to a fresh record high. Housing values have surpassed pre-COVID levels by 1.0%, and the index is 0.7% higher than the previous September 2017peak. Every capital city and broad rest-of-state region recorded a rise in housing … Continue reading Australian Property Values Reach A Record High

property prices tipped to rise

Property Prices Tipped To Rise In Smaller Capital Cities

A return of investors to the market, coupled with a lack of listings is tipped to increase property prices throughout Australia in 2021. CoreLogic Research Director Tim Lawless predicts property price increases of between 7 per cent and 10 per cent in 2021, with the smaller capital cities, tipped to benefit the most. Mr. Lawless and Custodian CEO John Fitzgerald, the author of 7 Steps to Wealth, will … Continue reading Property Prices Tipped To Rise In Smaller Capital Cities

REIQ MEDIA RELEASE: QLD Property Market Prospers Despite Pandemic & Recession

Queensland’s property market continues to defy COVID-19 predictions, with median house prices rising yet again for a second consecutive quarter for much of the State. In fact, according to the latest Queensland Market Monitor published by the Real Estate Institute of Queensland (REIQ), not one single region recorded a reduction in median house prices over the July-September 2020 quarter, with Queensland’s property market showing its resilience. “Brisbane … Continue reading REIQ MEDIA RELEASE: QLD Property Market Prospers Despite Pandemic & Recession

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CoreLogic Property Pulse

More vendors tried to sell their property in spring – but did people buy them? By Eliza Owen, Head of Research Australia As social distancing restrictions eased across Victoria from the end of September, more vendors put their property up for sale. In the three months to November, the number of new listings added to the market across Australia averaged around 39,000 a month. This … Continue reading CoreLogic Property Pulse

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Bag a Christmas Property

Bag yourself a property bargain before Christmas Buyers looking to capitalise on record low interest rates and softening lending  conditions should be inspecting properties now with one expert tipping sellers will be  more motivated in the lead-up to Christmas. EPS Property Search director and author of The Insider’s Guide to Buying Property, Patrick Bright, said November was a great month for buyers to ‘get their … Continue reading Bag a Christmas Property