Invest
Hot Property: Biggest headlines from the week
It’s official – we’re now in a recession: Here are the biggest property stories from this week.
Hot Property: Biggest headlines from the week
It’s official – we’re now in a recession: Here are the biggest property stories from this week.
Welcome to nestegg’s weekly round-up of the bricks-and-mortar stories that we think will be most relevant to you, whether as a first-home buyer, a seasoned investor or anyone in between!
To compile this list, not only are we taking a look at the week’s most-read stories and the news that matters, but we are also curating it to include stories from our sister platforms that could have an impact on your buying, selling or investment journey, no matter where you find yourself on the property ladder.
Despite some economic woes, the central bank has acted as most economists previously predicted, holding the official cash rate at 0.25 of a percentage point for the sixth straight month.
Canadian-born Steven Kremer launched his own real estate agency, Kremer and Co, on 1 July, stating he was paying immediate dividends in a high-growth Brisbane area.
“This area has been undersold for a long period. You go across the highway from here to Kenmore or Chapel Hill and every listing is perfectly presented and well advertised, so sale prices each month tend to go up and up and up there. It’s time to have the same here in the Centenary suburbs, too.”
The REIV said it is seeing growing evidence that commercial and residential landlords are “being left behind and all but forgotten”.
“Tenants have been provided with substantial financial support from the government as well as mandated rent reductions at the expense of property owners. While residential property owners had steeled themselves for the six-month moratorium with compassion, empathy and a good dose of trepidation, this extension has been a ‘kick in the guts’… Of equal concern to the REIV is the disproportionate burden that is being asked of commercial property owners and their agents.”
Investors have been warned against panic selling, with Canstar’s finance expert, Steve Mickenbecker, saying it’s important for home owners not to succumb to pressure to put their home on the market.
“September is the turning point for many home owners and investors hoping to see the year out in better shape and avoid selling their property under duress,” Mr Mickenbecker said.
Propertyology’s Simon Pressley is predicting demand for inner-city apartments to significantly diminish in the future, as the “fried egg” town planning model falls out of favour with the workforce.
Given the intense restrictions COVID-19 has placed on both lifestyles and earning capacities, Mr Pressley has conceded that “before too long, there will be a big enough critical mass of people who will work and/or live at a different address to cause a structural shift in property markets”.
InvestorKit director Arjun Paliwal has said the first sign investors should watch out for is stock relevant to sales as a sign the market is cooling off: “If stock levels are rising faster than sales are occurring, it is a sign that there are too many listings coming on or not enough transactions in comparison to those listings. That’s the first sign.”
There are growing concerns that the utility of the HomeBuilder scheme is being undermined as the current structure is not giving lenders the confidence to accept the grant as funds to complete.
New data released by the government has shown that first home buyers are now able to enter the market four years earlier than previously planned.
About the author
About the author
Property
A generation of Aussies could be locked out of the housing market as prices boom
A booming property market is set to see a generation of younger Australians priced out of the market, a shadow assistant minister has said, challenging the narrative that younger people are failing...Read more
Property
Is the property market reaching its summit?
While home values continued to rise across the country in April, current trends are pointing to the possibility that the property market has peaked, a new report has revealed. ...Read more
Property
Wait, so it’s definitely cheaper to rent than buy?
New research has revealed that there are indeed dwellings in Australia that are cheaper to buy than rent (57 per cent to be exact), but where are these dwellings located and are they liveable? ...Read more
Property
‘List your homes before the good times run out’
Aussies who had planned to sell their house prior to the pandemic are being urged to realise those plans now, with buyers said to be immensely hungry for housing. ...Read more
Property
National house prices break 18-year record
Building on the post-pandemic recovery trend, national house prices saw the steepest quarterly increase in almost 18 years, with a majority of the capital cities witnessing record price gains. ...Read more
Property
Rents grow at fastest pace since 2007
Housing rents are rising at the fastest pace since 2007, but experts are warning that rental conditions around the country are extremely diverse. ...Read more
Property
It is now more expensive to rent in the Gold Coast than Sydney: Domain
A spike in consumer lifestyle demand means it is now more expensive to rent on the Gold Coast than in Sydney, a new industry report has revealed. ...Read more
Property
Has the property market reached its peak?
Australian property has shown exceptional strength as it rebounds post-pandemic, with the national growth rate in March beating a 33-year record. However, some experts believe it’s all downhill from...Read more
Has the property market reached its peak; Biden’s climate summit and our sharemarket, and the upcoming budget
Listen now
Is the market overheating; should ETFs take your fancy, and what’s happening to the low and middle income tax offset?
Listen now
Home values up 30% (or are they); NFTs taking the world by storm, and why Keating thinks Aussies will be ‘poor’ in retirement
Listen now
Raging floods, the tech stock bubble and the ongoing SG debate
Listen now
Property
A generation of Aussies could be locked out of the housing market as prices boom
A booming property market is set to see a generation of younger Australians priced out of the market, a shadow assistant minister has said, challenging the narrative that younger people are failing...Read more
Property
Is the property market reaching its summit?
While home values continued to rise across the country in April, current trends are pointing to the possibility that the property market has peaked, a new report has revealed. ...Read more
Property
Wait, so it’s definitely cheaper to rent than buy?
New research has revealed that there are indeed dwellings in Australia that are cheaper to buy than rent (57 per cent to be exact), but where are these dwellings located and are they liveable? ...Read more
Property
‘List your homes before the good times run out’
Aussies who had planned to sell their house prior to the pandemic are being urged to realise those plans now, with buyers said to be immensely hungry for housing. ...Read more
Property
National house prices break 18-year record
Building on the post-pandemic recovery trend, national house prices saw the steepest quarterly increase in almost 18 years, with a majority of the capital cities witnessing record price gains. ...Read more
Property
Rents grow at fastest pace since 2007
Housing rents are rising at the fastest pace since 2007, but experts are warning that rental conditions around the country are extremely diverse. ...Read more
Property
It is now more expensive to rent in the Gold Coast than Sydney: Domain
A spike in consumer lifestyle demand means it is now more expensive to rent on the Gold Coast than in Sydney, a new industry report has revealed. ...Read more
Property
Has the property market reached its peak?
Australian property has shown exceptional strength as it rebounds post-pandemic, with the national growth rate in March beating a 33-year record. However, some experts believe it’s all downhill from...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
