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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...

Melbourne's housing market is set to eclipse Sydney's in 2020 fuelled by a stronger economy and higher population growth, although the rapid pace is expected to lose steam as listings rise and affordability worsens. CoreLogic is expecting Melbourne home values to rise by up to 14 per cent in the next 12 months, while Sydney is forecast to grow by up to 12 per cent. "Considering the strong economy and demographic fundamentals, we could see the Melbourne housing market outperform Sydney's in 2020," said CoreLogic's head of research Tim Lawless. Melbourne home values are set to outperform...

After a measly two-year downturn, homebuyers now appear to be back in a big way. The proportion of Australians planning on purchasing a house is back near all-time highs, propelled on by three rate cuts according to the latest Commonwealth Bank research. "The one area where monetary policy stimulus is clearly working is the housing market," CBA chief economist Michael Blythe said in a note issued to Business Insider Australia. "Home buying intentions rose further in October and are now close to the record highs seen in [the first half of] 2017." The "sharp uptrend", recorded in CBA's...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investor, Here are the 2 key concepts that you must learn at the very beginning of your journey as a property investor: How to smash your current home mortgage in record time!, and How to build a property portfolio that will have the potential to replace your current job income. You see, one of the most important concepts that you can learn in your lifetime is how to correctly structure your personal finances, and create a system that enables you to pay off a typical 30 year principal...

Did you know that land values in metropolitan Melbourne as a whole have increased 41.8 per cent since 2014, hitting a median of $1448 per sqm. In the same period, the typical block size has shrunk from 607sqm to 585sqm. Outer Melbourne has seen the biggest decline in land size over the past five years, falling from 660sqm to 600sqm. Here are some of Melbourne's best performers since 2014, so for the past 5 years: CITYWIDE: Land value up 41.8% since 2014 to $1448 per sqm Block size down 2.6% since 2014 to 585sqm INNER RING: Essendon West: 125%, $2573 Parkville: 86%, $7885 Deepdene: 78%,...

House prices in Sydney and Melbourne are expected to surge by up to 17 per cent next year following a record slump. Real estate data group SQM Research is forecasting price rises in every state capital in 2020, with lending rules now relaxed and interest rates at an all-time low. In the event the Reserve Bank of Australia cut rates again by Easter, to a new record low of 0.5 per cent, Melbourne property prices would skyrocket by 12 to 17 per cent as Sydney prices zoomed by 11 to 16 per cent. This would more than reverse the record slump in real estate values that began in 2017, but there...