A new analysis of cash rate changes over the past two decades has found that property price growth is less dependent on low-interest rates than commonly believed, according to the Property Investment Professionals of Australia (PIPA).  PIPA Chair Peter Koulizos said the cash rate was currently at a record low, with many people believing that was the predominant reason for the strong market conditions across … Continue reading Low-interest rates not solely responsible for strong property price growth

The exodus of people from Sydney is seeing asking rents soar in lifestyle locations – but some city locations are experiencing the opposite market conditions at the same time, according to a Sydney buyers’ agent. BFP Property Buyers Founder and Principal Ben Plohl said analysis of SQM Research’s Weekly Asking Rent and Vacancy Rate data has highlighted the vastly different rental market conditions happening in … Continue reading Asking rents soaring in New South Wales – but not everywhere

Regional Rents Have the Largest Annual Increase on Record CoreLogic’s Rental Review for the June 2021 quarter shows despite rental growth slowing over recent months, the latest figures take national rental rates 6.6% higher over the year; the highest annual growth in dwelling rents since January 2009. CoreLogic’s national rent index recorded a 2.1% rise in the three months to June 2021, down on the 3.2% rise … Continue reading National rents record the highest annual growth in over a decade

Rents surge in capital cities SQM Research today has revealed the national residential rental vacancy rate fell to 1.7% over the month of June 2021 from 1.8% in May. This represents the lowest vacancy rate at the national level since May 2011. Vacancy rates continue to fall for Sydney, Melbourne, Adelaide, and Hobart, while some regional locations recorded a moderate rise in vacancies. The total number of … Continue reading National Rental Vacancy Rates Tighten Further To Ten Year Low

Prospective home buyers should brace themselves to pay more than the asking price, according to new research by comparison site  Finder.  A nationally representative survey of 1,012 respondents found just 19% of Australians agree that houses sell for the price they are listed for. The research revealed 70% expect a property to sell for more than what the seller asks. 1 in 4 Australians (26%) … Continue reading 70% of buyers expect to pay more than the listed price