Rental Vacancy Rates Continue to Decline

Five capital cities record vacancy rates under one percent SQM Research today has revealed national residential property rental vacancy rates fell to a low of 1.5% over the month of November 2021. Vacancy Rates The total number of vacancies Australia-wide now stands at 55,370 residential properties, down from 56,953 in November. Melbourne and Brisbane’s vacancy rate dropped to 3.2% and 1.3% in November from 3.3% … Continue reading Rental Vacancy Rates Continue to Decline

Analysis finds 66% of investment properties have one thing in common

A study carried out by the country’s leading tax depreciation specialist has found that investment property renovation is widespread, proving that many older rental properties still hold significant depreciation tax deductions. The analysis, conducted by BMT Tax Depreciation, examined over one hundred thousand investment properties over three years which BMT prepared depreciation schedules for, and found that two-thirds of the second-hand properties had undergone some … Continue reading Analysis finds 66% of investment properties have one thing in common

Vacancy Rates Fall to Ten Year Low 

Sydney and Melbourne drive the national result lower. SQM Research today has revealed national residential property rental vacancy rates fell to a ten-year low of 1.6% over the month of October 2021. Vacancy Rates The total number of vacancies Australia-wide now stands at 56,953 residential properties, down from 59,345 in October. Sydney, Melbourne’s and Hobart vacancy rate dropped to 2.6%, 3.3%  and 0.4% in October … Continue reading Vacancy Rates Fall to Ten Year Low 

auction update

Second biggest auction week ahead

Upcoming auctions By Kaytlin Ezzy, Research Analyst Predicted auction volumes remain strong this week with expected capital city volumes in excess of 3,000 for the fourth consecutive week. With 3,643 capital city homes scheduled to go under the hammer, this week is set to be the second busiest of the year and the busiest since late March. > This week, 1,588 auctions are scheduled across Melbourne, up … Continue reading Second biggest auction week ahead

Average Cost of Building a New Home in Australia

How much does it cost to build a new house in different states across the nation?   Many factors influence the cost of building a new home in Australia. Besides the most obvious ones of lot price, building materials, design, and labour, several other factors are now influencing the market. Historic low-interest rates, implemented in the wake of the pandemic-related slow-down, have fuelled a general real … Continue reading Average Cost of Building a New Home in Australia

celebrity-sales

Matt Damon Sells Quick After $3 Million Price Cut!

Bidding farewell to Los Angeles, Matt Damon listed his Zen-inspired Pacific Palisades mansion for sale in January for $21 million. With no takers, Matt recently reduced the price to $17.9 million, and it sold in a couple of weeks. The final sale price has not been disclosed. Situated on the same premier street his buddy, Ben Affleck, still calls home, Damon’s 13,508-square-foot residence is in … Continue reading Matt Damon Sells Quick After $3 Million Price Cut!

Buyer Strategies in a Seller’s Market

As Australia opens up with vaccination rates rising and competition for property expected to increase in the coming months, experts are recommending that home buyers consider the not so perfect house if they want to get a foot on the property ladder. According to Real Estate Buyers Agents Association (REBAA) president Cate Bakos, buyers need to prioritise features such as location and floor plan as … Continue reading Buyer Strategies in a Seller’s Market

Total Vacancy Rates Remain Steady in September 2021

Rental market remaining in favour of landlords for most capital cities SQM Research today has revealed national residential property rental vacancy rates rose to just 1.7% over the month of September 2021. Vacancy rates remained largely steady over the month of September, albeit remaining in favour of landlords for most capital cities with the exception of Melbourne and inner Sydney. Vacancy Rates The total number … Continue reading Total Vacancy Rates Remain Steady in September 2021

APRA taps the brakes

“Over 90 per cent of renters aspire to own their own home but less than half of them expect that they will ever achieve this goal. Today’s announcement by APRA will make this goal even harder,” stated HIA’s Chief Economist, Tim Reardon. “Australia has an unquestionably strong financial sector. It has withstood significant shocks, such as the Global Financial Crisis and the COVID recession, without … Continue reading APRA taps the brakes

Monetary Policy Remains Conducive

Monetary policy remains conducive to house price growth, but headwinds could be on the horizon Commentary by Eliza Owen, Head of Research, CoreLogic Australia Today the RBA maintained its current monetary policy settings, with the cash rate target remaining at 0.1%, and the interest rate on exchange settlement balances at 0.0%. Likewise, there was no change to the rate of government securities purchases with purchases … Continue reading Monetary Policy Remains Conducive