Weekly Market Wrap with Leigh Martinuzzi 15.07.2021
Weekly Market Wrap with Leigh Martinuzzi Lockdowns continue and we continue to see a significant lack of supply to keep up with buyer demand. Will we see prices rise a further 10% before the end of 2021? What is noticed is that even with lockdowns in Sydney prices are still on the rise and […]
Australia’s Building BOOM and Property Shortage Crisis
Australia’s Building BOOM and Property Shortage Crisis by Leigh Martinuzzi Last week I wrote about new building approvals with the thought that by the end of 2021 and into 2022, we may see an oversupply of properties. This was based on the fact that in Australia in April we saw an increase in new building […]
Auction Clearance Rates – Week Ending 11th of July
Auction Clearance Rates – Week Ending 11th of July Despite the lockdowns in Sydney this week clearance rates were only marginally down on last week’s number. Sydney reported that 22% of properties registered for auction were withdrawn while many sold prior to the auction. Despite all that buyer numbers are still very strong and […]
Weekly Real Estate Market Wrap with Leigh Martinuzzi
WOW!!! The 1st Half Year 2021 Property Market Results are in. Nationally for the first half of 2021 property prices have risen 13.5%. We are experiencing double-digit growth with many of the major banks predicting property price increases for 2021 at 16% or above. Combined capital cities reporting a 12.4% growth with regional areas […]
Auction Clearance Rates – Week Ending 4th of June.
Auction Clearance Rates Week Ending 4th of June. This week’s auction number reports across major capital cities were fewer than last with 1869 properties being taken to auction compared to last week’s tally of 2558 properties. Likely to do with recent lockdowns in Sydney and other areas. Canberra was the standout performer with clearance […]
Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Real Estate Market Update with Leigh Martinuzzi Regional Queensland Markets are seeing huge growth over the last 12 months with some areas reporting property price increases of over 40%. According to reports by realestate.com.au, Lake Macdonald has topped the charts recording an impressive increase in the median house price of 43.19% taking the […]
Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Market Wrap with Leigh Martinuzzi Auction clearance rates remain low. Of the approximate 1200 results collected so far highlighting a clearance rate for the week ending the 14th of June sitting around 77.4%. Last week CoreLogic reports a 73.5% clearance rate which was later revised down to 70.6%. With property availability still struggling […]
Queensland Property Growth Leading the Way @ 13.7% Year-to-date!
Weekly Market Wrap with Leigh Martinuzzi Well, it seems Queensland is leading the way with property price growth with the state recording a record 13.7% property price increase. One suburb that is outperforming many in property price growth is a Sunny Coast local – Nambour, which has reported a quarterly increase of 10.2%. […]
What would put a halt on the current property price BOOM?
What would put a halt on the current property price BOOM? Total listings are up on last year and new listing numbers have also increased. CoreLogic suggested in the 3 months leading up to May across Australia 164,000 dwellings were recorded as sold yet at the same time only 136,000 new listings were added […]
It’s Time to Think About Your Tax Depreciation Schedule
It’s Time to Think About Your Tax Depreciation Schedule If you are anything like me, it is a busy time due to it nearly being the end of the financial year which is why, if you’ve got investment properties, it’s timely to thinking about your property depreciation schedule. Do you have a tax […]
