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Australian housing values racked up a third consecutive month of declines in July, with CoreLogic's home value index dropping 0.6% over the month, a slight improvement from June when the national series was down 0.7%. Across the capital cities, only Canberra (+0.6) and Adelaide (+0.1%) posted a rise in dwelling values over the month, while Melbourne (-1.2%) and Sydney (-0.9%) led the decline, recording the largest month-on-month falls in July. Regional markets are generally showing more resilience to falling values. Across the combined regional areas, housing values were unchanged in July...

Dear Fellow Property Investor, Check out this recently published article by HotSpotting's Terry Ryder on debunking Australian economists' theory on the 'September Cliff'. “A Shakespearean character suggested (Henry VI, Part 2, Act IV, Scene 2), as a great way to improve the country: “First thing we do: let’s kill all the lawyers.” While the idea has merit in 21st Century Australia, I think a better strategy would be to get rid of all the economists. A good method of dispatch would be to push them off a cliff, similar to the September cliff they’re all predicting as the next catastrophe to...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Jacqui test, 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 uniformed 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...

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...