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Dear Fellow Property Investor, Check out this recently published article by HotSpotting's Terry Ryder on how Australian house prices are defying constant forecasts of dramatic virus downturn by the largely uninformed media. “House prices continue to defy forecasts of dramatic decreases from the virus shutdown – and the significance of that continues to be downplayed and misreported by mainstream media. It would be refreshing if journalists could simply report the facts, in an even and balanced way, rather than go to extraordinary lengths to find negatives to feature in their headlines....

Dear Fellow Property Investor, Check out this recently published article by Chistopher Joye tackling the notion that the Australian Property market is on the brink of collapse. “I cannot remember a time when there was more universal agreement amongst analysts that Aussie house prices are going to plummet. Unusually, the major banks are also jumping on the bandwagon. ANZ, CBA, NAB and Westpac all say house prices are sure to fall by at least 10%. AMP reckons the drawdown will be 20%. UBS is somewhere between 10% and 20%. SQM thinks it could be potentially worse at 30%. Some nutters are...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investor, Check out this latest video that I recently recorded with Cameron Fisher from Changing Places Real Estate. Here are some of the main points covered; IN THESE TIMES - TWO KEY MUST HAVES 1) Quality tenants are paramount: Long term tenants save you thousands $$$ They care for your property - treat it as their own Tend to have stable incomes Less demanding Do what it takes to keep them 2) An agent who has your back: When the going gets tough look to experience Does the property...

Dear Property Investor, Did you know that despite the COVID-19 International Crisis, the Australia's median house price has continued to rise, if only at a nominal rate, lifting 1.7 per cent over the quarter according to the latest data from property listing portal Domain. Nationally, house and unit prices increased over the first quarter of 2020, however economists have warned growth will be likely short-lived. Australia's property market has traditionally fared relatively well during global economic shocks, with the market experiencing six falls over the past three decades. Despite the...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Coronavirus in Australia: Industries most at risk of job losses in COVID-19 crisis and the likely impact on the Australian Property Market. The extent of job losses in Australia as a result of the coronavirus crisis is forecast to be significant, with hundreds of thousands of people already out of work. Images of long lines of people queuing outside of Centrelink offices across the country, desperate to access urgent welfare payments, demonstrate how the economic uncertainty that’s already hitting hard. Now,...

Despite the recent Australian stock market meltdown, Australia's property market was in full health this weekend, even with a noticeable lift in the risk of contagion. Agents declined to shake hands and encouraged bidders to keep their distance at auctions, but attendance figures remained high and many homes sold above reserve. The 2220 auctions across the country returned a preliminary clearance rate of 70.6 per cent - much higher than the 51.4 per cent from the same weekend in 2019. The number of homes sold under the hammer was 52.5 per cent higher than the previous weekend (1456),...

Homes in more than 80 suburbs and towns across Australia made more money in the past year than the people who own them, new figures show. As property markets soared and wages growth remained low, housing prices in parts of the country rose by up to four times more than annual household incomes in the space of a year. Suburbs in Sydney and Melbourne, where market rebounds are in full swing, dominated the list of 83 suburbs where annual property gains are higher than post-tax household incomes, according to an analysis of ABS and Domain data. The affluent suburb of Canterbury in Melbourne's...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. The top 10 fundamental things that you must know about a suburb before you invest:   10 YEAR AVERAGE CAPITAL GROWTH (Research Tool: RP Data CoreLogic) AVERAGE HOUSEHOLD INCOME PER WEEK (Research Tool: www.id.com.au) High demand for housing combined with a critical shortage of stock, otherwise referred to as Demand to Supply Ratio (DSR) (Research Tool: www.dsrdata.com.au) HIGH WALK-SCORE OUT OF 100 (Research Tool: www.walkscore.com) TARGET SUBURBS WITH THE HIGHEST RANKING AND BEST SECONDARY SCHOOLS...

It's one of nature's greatest phenomenon: the stampede of desperate home buyers into Australia's property market. National prices may have nosedived off their 2017 peaks, but are now bouncing at a blistering rate, kickstarting what research group CoreLogic is calling "the fastest market recovery on record" given the depth of the downturn. "Since national dwelling values bottomed out 8.4% below their peak at June 2019, the Australian dwelling market has quickly recovered 6.7%," head of residential research Eliza Owen said this week in a CoreLogic note." "If growth rates continue at the...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Melbourne's median house price has surpassed $850,000 for the first time, as Victoria's property market returns to growth after last year's period of uncertainty. The December 2019 quarter marks the first time that metropolitan house values have surpassed $850,000, according to data from the Real Estate Institute of Victoria (REIV), following two consecutive quarters of growth of more than 3 per cent. Many of you will be thinking right now..."have I missed the boat?" Well not really... One of the most...