New Property Listings are UP!
New Property Listings are UP! The number of new listings is up 75.8% across the country however the number of total listings is still down on the 12-month average at 6.4%. In Brisbane, market figures highlight that new property listings are up 51.4% and total listings still down 23.8% on the 12-month average. With […]
Lenders Are Raising Interest Rates on Mortgages
Lenders Are Raising Interest Rates on Mortgages Lenders are raising interest on homeowners’ mortgages from between 0.05% and 0.1% for principal and interest 3- and 4-year fixed loans and interest-only 3 and 5-year fixed loans. While not all banks have applied this, a majority of them have, and it won’t be too long until […]
Last Week’s Auction Clearance Rates – 2.6.2021
Last Week’s Auction Clearance Rates Auction clearance rates are down yet again on the previous week dropping from just under 80% to 75.7%. These are averages taken across the combined capital cities reported results. Brisbane recorded a clearance rate of 71.9%. These averages are likely to change as more results come in. The volume […]
Weekly Market Wrap with Leigh Martinuzzi
Weekly Market Wrap with Leigh Martinuzzi Markets are still performing strongly across Australia with all signs showing predicted growth targets well on track. Nationally, capital city prices are up 1.7% this month almost aligned with last month’s growth of 1.8%. We’ve seen the Brisbane/Gold Coast markets grow 1.5% this month so far. This […]
Is Mortgage Stress on The Rise?
Is Mortgage Stress on The Rise? Mortgage stress is when we are spending more than 30% of our pre-tax income on mortgage repayments. With property prices across Australia continuing their climb and an average growth forecast for the year sitting at 19%, many will find themselves with greater mortgages. Although interest rates will help offset […]
Inflation, Wages, and The Cost of Living.
Inflation, Wages, and The Cost of Living. According to ABS, the unemployment rate fell in the last month from 5.7% to 5.5%. I believe this is still slightly higher than pre-pandemic levels of about 5.2%. However, leading experts suggest this still is a way off helping stimulate inflation and wage growth. Currently, reports indicate […]
Weekly Real Estate Market Update with Leigh Martinuzzi
In a time of limited supply, we can only expect to see property prices continue to rise. Nationally we continue to see property prices grow with April showing a growth of 1.8%. In May, so far, figures indicating a 1.2% climb, and year to date we are up 8.8% nationally. In the local area, we […]
JobSeeker Wage Subsidy Ends – Little Impact on Employment
There was much talk in March that the end of the government’s JobSeeker wage subsidy would see unemployment go through the roof that would lead to some serious damage to Australia’s improving economy. However, according to the reported figures, it looks like it’s done anything but that. A report by Roy Morgan highlighted that Australia’s […]
eXp Impressive 1st Quarter Results – The Real Estate Company of the Future
eXp Australia is a subsidiary of eXp World Holding, which many of you may not know is a publicly listed company. As such, they’ve eXp have just reported on their first-quarter results for 2021 and the numbers are impressive. One financial highlight to note was that revenue increased 115% to a record $583.8 million in […]
Unit Vacancy Rates Through The Roof – What’s the flow-on effect?
People continue to vacate inner-city living to make way for more space and lifestyle. Capital city unit rental prices have fallen sharply since the COVID pandemic hit. We have seen in Sydney and Melbourne a fall in the medium unit rental prices over the last 12 months dropped 14.5% and 18.9% respectively. 12 months ago, […]
