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More renters looking to share as rental crisis continues | Australia’s Rental Crisis

More renters looking to share as rental crisis continues | Australia's Rental Crisis

As rental vacancies in our capitals stay at historic lows, the number of people looking to share has exploded as PropTrack economist Anne Flaherty explains.

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Rents Soaring: The harsh reality for Sydney and Melbourne renters

Rents Soaring: The harsh reality for Sydney and Melbourne renters

The rental crisis continues to worsen, with unit rents now higher than pre-pandemic levels and at their all-time highest levels in Sydney and Melbourne. PropTrack Senior Economist Angus Moore dives into the data.

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How to beat rental stress: Tips to save!

How to beat rental stress: Tips to save!

Renters are doing it tough at the moment, but there are some simple ways to save a bit of cash.

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10% of homes are sitting empty in Australia

10% of homes are sitting empty in Australia

The latest census data which reveals that 1 in 10 Australian homes are sitting empty. As homes continue to become more expensive and the rental crisis worsens, the vast number of homes sitting unoccupied is cause for concern.

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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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Your House Rent Price WILL RISE in 2023!

Your House Rent Price WILL RISE in 2023!

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