Tag: australian property market

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Further rental crunch looms in 2023

Further rental crunch looms in 2023

With the year 2022 behind us, it’s time to look ahead to the 2023 rental market. The rise of remote work and continued uncertainty around the pandemic are expected to continue influence tenant preferences, while the ongoing supply shortage of rental properties is sure to drive prices higher in certain markets.

PropTrack’s Cameron Kusher dives into the trends we’re seeing for the coming year.

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Untapped potential: 3 reasons regional property markets are booming

Untapped potential: 3 reasons regional property markets are booming

The PropTrack Regional Australia Report for 2022 has been released and it’s giving us a deep insight into the state of the Australian regional property market. The report shows that there have been some significant changes in the market since the start of the pandemic, and many of these changes are likely to continue in the coming months.

According to the report, regional areas have seen a surge in demand, with many people moving out of the cities and into more affordable regional locations. This trend is expected to continue, with regional areas predicted to see further price growth in the future.

However, the report also reveals that not all regions are performing equally, with some areas experiencing more growth than others. It’s clear that regional buyers need to be aware of the local market conditions and trends, in order to make informed decisions when buying or selling property.

Overall, the PropTrack Regional Australia Report provides valuable insights into the state of the property market in regional areas. If you’re considering buying or selling property in these areas, it’s important to stay informed and make strategic decisions based on the latest market trends and conditions.

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Australian property market 2023: Brace for falling house prices

Australian property market 2023: Brace for falling house prices

With 2022 already seeing a retreat in house prices from their record highs, experts are now predicting that the falls will become more pronounced.

PropTrack’s Cameron Kusher discusses the expected downturn and the factors driving this trend. He explains how changes in interest rates, borrowing capacity, and the effects of the pandemic all contribute to the anticipated decrease in house prices outlined in the PropTrack Market Outlook report.

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Some renters could be closer to buying than they think

Some renters could be closer to buying than they think

The cost of renting has been rapidly increasing, pushing many tenants towards home ownership. The trend of high rental costs, combined with low interest rates, has made home buying a more appealing option for many. As a result, the number of first-time home buyers has increased and is expected to continue to rise.

The shift from renting to owning a home is also being driven by the desire for stability and long-term security, as well as the ability to build equity and create wealth. However, it’s important for potential home buyers to consider their financial capabilities, take advantage of government incentives, and research the market before making a purchase.

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Making sense of the real estate downturn

Making sense of the real estate downturn

Australia’s real estate market is undergoing a downturn, causing worry for property owners and investors.

Economic factors such as low interest rates, weakened economy, and tighter lending standards are affecting demand. Oversupply in certain areas, particularly in the apartment market, has led to decreased property prices. Moving from cities to regional areas has also impacted certain areas.

However, it’s important to note that the downturn is not affecting the entire country equally and some areas are still stable or growing. To make informed decisions about property ownership and investment, it’s crucial to understand the context of the market and not just focus on the downturn.

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Renters finding it impossible to nab a rental

Renters finding it impossible to nab a rental

Finding an available rental property in some suburbs is virtually impossible at the moment, with extremely high demand and almost unprecedented low supply.

New data from PropTrack shows the areas around Australia at the forefront of the rental crisis, where would-be tenants face intense competition and sky high prices.

Just how tight are rental markets? PropTrack economist Angus Moore explains.

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Property Investor 101: Real estate terms explained

Property Investor 101: Real estate terms explained

Rental yield, negative gearing, depreciation – there are a lot of terms that you’ll come across when you’re getting started in property investing, but what do they mean? Luke Harris from The Property Mentors breaks it down for you.

0:00 Intro
0:19 Stamp Duty
0:24 Capital Gains Tax
0:30 Depreciation
0:41 Negatively Geared Property
0:46 Positively Geared Property
0:51 Capital Growth
1:05 Rental Yield
1:18 Who Do You go to for Advice?

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Housing affordability: How other countries are tackling housing shortages

Housing affordability: How other countries are tackling housing shortages

REA Group and Proptrack economist Anne Flaherty explains how housing affordability and housing shortages has become an issue in recent years and what other countries, like New Zealand are doing to help, including lowering barriers for medium density development and build-to-rent developments to provide stability for renters.

0:37 What countries are struggling with housing affordability
1:48 Build-to-rent developments

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Is the great Australian dream of homeownership dead?

Is the great Australian dream of homeownership dead?

REA Group and Proptrack economist Anne Flaherty looks at falling rates of home ownership among Australians, rising house prices and the difficulties first home buyers have in saving a deposit.

0:25 Current state of housing affordability in Australia
1:26 Shifting home buyer perceptions

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Passive House: How this revolutionary modern development is changing the way we build

Passive House: How this revolutionary modern development is changing the way we build

Over the coming decades, Australia’s population is set to swell and by 2050, it’s likely to increase to somewhere between 34m- 41m people. By the same date, Australia has enshrined in law a commitment to achieve net zero carbon emissions.

Those millions of extra people are going to need somewhere to live — and millions of new homes are going to need to be constructed to house them. On the other hand, the country needs to find ways to dramatically reduce its carbon footprint and embrace a more sustainable way of living.

So, how are we going to get there? A innovative energy-efficient home design called the passive house is helping lead the way towards a lower carbon future.

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