Results for week ending March 20 The combined capital cities weighted average clearance rate shot back up above 70 percent this week, despite the near-record number of homes on offer. The Stats Sydney was host to 1,103 auctions, with a preliminary clearance rate of 75.5
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Most people enter the real estate market with the assumption that all homes will inevitably increase in value. If you hold it for long enough, and as long as the economy remains strong, who knows? Depending on when and where you are buying your rental
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Results for week ending March 13 The Labour Day long weekend in Victoria explains a quiet auction schedule in Melbourne, but elsewhere the auction clearance results were somewhat bullish. But any conclusions that might be drawn are somewhat small-scale as we head into the ‘main
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Results for week ending March 6 After a month of rising clearance rates, our capital cities just took a dive back below the 70 percent mark, offering up a combined clearance rate of 68.1 percent. Weaker sales volume further highlighted the decline in buyer sentiment,
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The Australian way of life hinges on our economic freedom, that people are empowered to create wealth. Some people seem to have more wealth creation power than others do. They may live in nicer homes or drive nicer cars. They may even have more time
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Results for week ending February 28. Property investors and holders of bank shares were a little vexed last week after a London-based economist and hedge fund manager compared our property market to the movie The Big Short, predicting Aussie home values will soon fall by
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Just over a year ago, I posed the question, “Will Investors Soon Lose the Negative Gearing and CGT Benefits?” Well, it seems the chances just got a lot higher. Last week, Opposition Leader Bill Shorten shocked the housing industry when he announced Labor’s plans to
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Results for week ending February 21. It’s been twenty years since LL Cool J made the phrase famous. It’s not hard to imagine Sydney auctioneers sipping on cocktails and gloating Saturday evening: “Don’t call it a comeback. The Sydney property market has always been strong.
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I was 10 years old when I first saw Back to the Future. It was my favourite movie ever, and I couldn’t wait to see part two. But, by the time the sequel was released, I was 14 and Marty McFly wasn’t as cool as
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Results for week ending February 14 Sydney’s auction clearance rate surpassed Melbourne for the first time in over four months, as buyers flooded back in to our most expensive market. Supply remains quite low compared to this time last year, but we’ve seen a steady
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