Invest
Borderless property investing offers myriad of options
Property investors not afraid to consider ‘borderless investing’ have a wealth of market options available to them, a new report has shown.
Borderless property investing offers myriad of options
Property investors not afraid to consider ‘borderless investing’ have a wealth of market options available to them, a new report has shown.
The Herron Todd White Month in Review for July 2019 has identified the latest movements and trends for Australia’s property markets.
The report opened with the concession that not so long ago, $500,000 would have provided formidable purchasing power across just about every population centre.
Now, “if you are looking for more bang for your $500,000 buck then you will have to travel further afield”, the report did concede.
Although some of Australia’s biggest markets “have taken a bit of a hit” over the past two years, half a million probably doesn’t cut as much sway as it once did in Sydney and Melbourne, it continued.
That said, the month in review offered that “if you’re willing to compromise on property type and location, you can still buy and reside within a long commute of both CBDs at (or around) this price”.
Looking beyond the “east-coast-centric” thinking, the report found plenty of options for investment at or around a ‘magic figure’ of $500,000 that offered property of various condition, amenities, land and extras.
While offering the sentiment that “when markets rise, it’s often the cheaper properties that are dragged up first”, the report did consider a number of areas as experiencing a decline in market value.
For houses, it highlighted a declining market as currently affecting the Southern Tablelands, Kalgoorlie and Newcastle.
Broome, Geraldton, Illawarra, South West WA, Southern Highlands and Sydney also all appear to be approaching the bottom of their respective markets.
The report then flagged Alice Springs, Brisbane, Melbourne, Perth Toowoomba, Darwin and Bundaberg as currently bottomed-out.
For units, a declining market was noted for Canberra, the Gold Coast, Kalgoorlie, Newcastle, Perth, and the Southern Tablelands.
The locations experiencing an approach to towards the bottom of their markets with respect to units was considered as affecting the same locations as it did for houses, the report offered.
However, in contrast to the house market, the bottom of the market phenomenon is currently affecting far more area-markets in the unit category, with the Adelaide Hills, Alice Springs, Barossa Valley, Brisbane, Bundaberg, Darwin, Ipswich, Mackay, Melbourne, Rockhampton, Shepparton, Toowoomba, and Whitsunday all very flat, according to the report.
About the author
About the author
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
Real estate investment: Spotting high-growth potentials
Investing in real estate has long been a favoured approach for Australians looking to grow their wealth. Read more
Property
Granny flats become Aussie families' cost-effective solution to soaring living costs
As the cost of living skyrockets, a forward-thinking trend is sweeping across Australia – granny flats are becoming a favoured living arrangement for older Aussies seeking comfort and proximity to ...Read more
Property
Homebuyers grapple with extended savings period amid affordability crisis
Gone are the days when an Australian dream home seemed just within reach. The path to homeownership in Australia has extended by at least two arduous years, as revealed by the latest insights from ...Read more
Property
Hybrid development unlocks new potential for NDIS housing in metro hotspots
In a ground-breaking strategy aimed at addressing the stark imbalance between the location of Specialist Disability Accommodation (SDA) developments and the actual areas of demand, Aligned Disability ...Read more
Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
Real estate investment: Spotting high-growth potentials
Investing in real estate has long been a favoured approach for Australians looking to grow their wealth. Read more
Property
Granny flats become Aussie families' cost-effective solution to soaring living costs
As the cost of living skyrockets, a forward-thinking trend is sweeping across Australia – granny flats are becoming a favoured living arrangement for older Aussies seeking comfort and proximity to ...Read more
Property
Homebuyers grapple with extended savings period amid affordability crisis
Gone are the days when an Australian dream home seemed just within reach. The path to homeownership in Australia has extended by at least two arduous years, as revealed by the latest insights from ...Read more
Property
Hybrid development unlocks new potential for NDIS housing in metro hotspots
In a ground-breaking strategy aimed at addressing the stark imbalance between the location of Specialist Disability Accommodation (SDA) developments and the actual areas of demand, Aligned Disability ...Read more
Property
Property prices boosted by housing policies: RBA
The central bank has outlined the “pervasive” impact that policy has on property. Read more