Negative gearing is a financial strategy commonly used in real estate investment. It involves borrowing money to purchase an investment property, such as a rental property, with the expectation that the rental income generated will be less than the expenses associated with owning and maintaining the property, resulting in a net loss. Here’s how negative […]

If you’re a property buyer, CoreLogic has got some very encouraging news for you. Across Australia, days on market (the median time it takes for properties to sell) rose from 21 to 34 days between the December quarters of 2021 and 2022. As the chart shows, days on market rose in all capital cities and

Consumers are enthusiastically refinancing to home loans with lower interest rates, judging by the latest data from the Australian Bureau of Statistics. Borrowers refinanced a record $19.5 billion of home loans in November, which was 20.4% higher than the year before. The main reason people switch home loans is to get a lower interest rate

Ever wondered how your income compares to that of other Australians?   The Australian Bureau of Statistics has the answer.   After breaking workers into quintiles (or five groups) based on income, the ABS found average income levels were:   * $15,319 for the lowest quintile * $44,272 for the second quintile * $86,551 for

The average Australian was worth $545,532 at the end of September, according to the latest data from the Australian Bureau of Statistics. That figure was calculated by adding up all our assets (such as properties), subtracting all our liabilities (such as home loans) and dividing that figure by the number of people in Australia. Although

Property investors are enjoying strong rental returns from their investment properties, judging by the latest data from CoreLogic. Across Australia, the median rental rate increased by a large 10.2% in the year to November. The city-by-city breakdown was: * Brisbane = 13.6% annual increase * Adelaide = 12.8% * Sydney = 11.1% * Perth =

The Housing Industry Association expects home-building activity to decline next year, despite the large amount of residential construction taking place right now. Although the number of new home sales in the month of November was 1.2% higher than October, sales in the November quarter were 23.4% lower than the previous quarter, according to the HIA’s

Australia remains one of only nine countries in the world to have a AAA credit rating with the three major rating agencies, after Fitch affirmed Australia’s AAA score. “Australia’s rating is underpinned by the country’s high income per capita, as well as strong institutions and an effective policy framework, which facilitated nearly 30 consecutive years

Several capital cities have recorded a slight increase in the number of vacant rental properties, but the market continues to strongly favour property investors. The national vacancy rate in November remained at a record-low 0.8%, according to Domain, which means only 8 out of every 1000 rental properties were empty in the month. That said,

One of Australia’s leading property data analysts has forecast that property prices will rise again in many parts of the country in 2023. SQM Research managing director Louis Christopher, in his ‘base case’ scenario, expects capital city prices to rise 3-7% next year. That assumes: * The cash rate climbs no higher than 4% (it’s