array(1) { [0]=> &object(stdClass)#5966 (52) { ["id"]=> string(5) "16922" ["title"]=> string(122) "Are you being priced out of the market? Have you got the Tuesday blues? And are you ready for the upcoming super changes? " ["alias"]=> string(118) "are-you-being-priced-out-of-the-market-have-you-got-the-tuesday-blues-and-are-you-ready-for-the-upcoming-super-changes" ["introtext"]=> string(242) "

On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss whether owner-occupiers should withdraw from the property market, the effects of Tuesday blues on the ASX, upcoming super changes and more.

" ["fulltext"]=> string(936) "

Steve Waters, director of Right Property Group, chats about current property price movements and whether owner-occupiers are being priced out of the market.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into the Tuesday blues effect and the implications for Aussie investors.

And lastly, tax and super guru Timothy Munro talks about upcoming super changes and shares his handy checklist ahead of tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-06-15 06:25:29" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-06-15 08:26:44" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-06-15 08:26:44" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(240) "{"image_intro":"images\/podcasts\/060421_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(54) "priced, market, tuesday, blues, ready, upcoming, super" ["metadesc"]=> string(200) "On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss whether owner-occupiers should withdraw from the property market, the effects of Tuesday blues on the ASX" ["access"]=> string(1) "1" ["hits"]=> string(2) "34" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(3) "936" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#5968 (3) { ["data":protected]=> object(stdClass)#5964 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-06-15 08:26:44" ["slug"]=> string(124) "16922:are-you-being-priced-out-of-the-market-have-you-got-the-tuesday-blues-and-are-you-ready-for-the-upcoming-super-changes" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(137) "/resources/podcast/are-you-being-priced-out-of-the-market-have-you-got-the-tuesday-blues-and-are-you-ready-for-the-upcoming-super-changes" ["image"]=> string(65) "images/podcasts/060421_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

Are you being priced out of the market? Have you got the Tuesday blues? And are ...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Australian housing market now valued at $8 trillion

By Bianca Dabu

May 10 2021
Share

Invest

Australian housing market now valued at $8 trillion

By Bianca Dabu
May 10 2021

The Australian dwelling market has reached a new record high, with the total value of residential real estate breaking the $8 trillion mark for the first time.

Australian housing market now valued at $8 trillion

By Bianca Dabu

May 10 2021
Share

The Australian dwelling market has reached a new record high, with the total value of residential real estate breaking the $8 trillion mark for the first time.

Following recent broad-based capital gains across the country, with many markets said to be at their peak, residential real estate now makes up the bulk of Australia’s wealth, CoreLogic data has revealed.

According to the data, Australia now boasts 10.6 million dwellings worth $8.1 trillion.

“This puts Australian residential property at around four times the size of Australian GDP, and around $1 trillion more than the combined value of the ASX, superannuation and commercial real estate stock,” said CoreLogic’s head of research, Eliza Owen

As such, an average 53 per cent of household wealth is held in housing.

The growth in housing value is underpinned by the 6.8 per cent property price increase recorded in the three months to April — the highest quarterly growth in more than 30 years. Individually, every capital city recorded a rapid rate of appreciation in home values, ranging from a quarterly rise of 8.8 per cent in Sydney to 4.2 per cent in Perth.

Overall, dwelling values in Australia are 7.8 per cent higher over the year, and currently sit around 7.6 per cent above the previous October 2017 record high.

This strong increase in the value of residential real estate has put Australian home owners in a strong equity position, with the Reserve Bank of Australia (RBA) estimating just 1.3 per cent of housing loans were in a negative equity position at the start of the year.

First home buyers, however, are said to be facing greater affordability constraints, with finance acquired by first-timers, as a portion of lending to owner-occupiers, down nationally to 30.4 per cent.

“For many Australians looking to get a foot on the property ladder, the continued strength in the market is putting home ownership further out of reach despite record-low mortgage rates,” Ms Owen said.

“Wages growth simply isn’t keeping pace.”

While alternative purchasing methods are on the rise, including rentvesting, “the bank of mum and dad” and fractional investing, Ms Owen believes first home buyer numbers are set to decline in 2021.

Overall, CoreLogic’s data shows a growth in sales volumes of 22.6 per cent nationally over the 12 months to April. Regional growth is said to be at 34.0 per cent, while capital cities saw a cumulative increase of 16.1 per cent.

As for rents, national values have risen by 4.9 per cent in the year to April, following a long period of subdued rental conditions, and a fall in rents at the onset of COVID-19. Darwin led the rental charge with growth of 18.0 per cent, followed by Perth with 15.7 per cent.

According to CoreLogic, with housing values generally outperforming rents, yields are trending lower, with the exception of Perth and Darwin.

Currently, the biggest problem for the real estate market is a lack of volume, but CoreLogic has reported a substantial increase in fresh listings to the market through April, with the figure said to be 18.3 per cent above the five-year average level for this time of year.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

Property

Is the house price ‘time bomb’ about to erupt?

Australia’s housing system is not working for the economy and an immediate overhaul is needed, a new report has alleged. The report calls into question the government’s current policy, which dicta...Read more

Property

Australia’s house prices rise, again

Australia’s house prices just went up again in a big way. ...Read more

Property

Family Home Guarantee under fire for narrow size and price caps

Questions surrounding the real value of the government’s new Family Home Guarantee scheme have surfaced, with data pointing to several issues with the scheme, including its apparent narrowness in te...Read more

Property

Construction dwindles as HomeBuilder ends

While detached dwelling construction continued to rise in April, the overall number of loans for new homes has fallen, official figures show. ...Read more

Property

When can we expect mortgage tightening?

While interest rates are said to remain low for an extended period of time, changes in the lending landscape are expected shortly, with the RBA itself announcing it is watching investors very closely....Read more

Property

The most affordable city for first home buyers isn’t what you’d expect

While Sydney remains the zenith of the Australian property boom, new research has revealed that it is in fact the most affordable capital city for first home buyers. ...Read more

Property

Australia’s most affordable and liveable suburbs revealed

The most affordable and liveable suburbs across four of Australia’s major cities have been revealed. ...Read more

Property

What the Victorian budget means for property owners

The Victorian government has used today’s budget to announce a raft of changes to the property market, with those at the top being asked to pay a little more. ...Read more