Will we see a slowing in house price growth in 2022?
Will we see a slowing in house price growth in 2022? – Weekly Real Estate Update with Leigh Martinuzzi This week the RBA met at its monthly board meeting and decided to maintain the current cash rate at 0.10%. With the March quarter consumer price index showing an inflation rate of just 1.1% […]
As Prices Rise it is Taking Longer to Save a House Deposit.
The average time to save for a house deposit now has increased, as the values continue to rise more and more households are finding it harder to put forth a 20% for purchasing a home. According to a report by CoreLogic, the average household will take 8.6 years to save a 20% deposit assuming they […]
Weekly Real Estate Market Update with Leigh Martinuzzi
Weekly Real Estate Market Update with Leigh Martinuzzi This current property boom may be the second-biggest property price growth period in the history of Australian real estate. The largest boom recorded was in the years from 2000 to 2005 when median house prices across 128 towns and cities in Australia doubled. Right now, we are […]
Fastest Rate of Property Appreciation Since 1988!!!
In the first three months of 2021, we have seen national property price growth rise by 5.8%. April is continuing that trend with a reported combined capital city growth in April sitting at 2.8% which is up from the growth in March reported at 2.1%. The fastest rate of property appreciation that we’ve seen since […]
Will interest rates rise? 40% of Aussies Think They Will!
Will interest rates rise? Well, the RBA has stated that it has no intention to raise rates before 2024 however a study by Rita Thomas discovered that 40% of Australians think there will be a rise before 2023. What do you think? One key reason for a possible interest rate increase is due […]
Will we see wages in Australia grow?
Will we see wages grow? It appears that while unemployment is falling the figure is still rather high, sitting at around 8%. What’s more concerning is that the underemployment figure is rising and now sitting at around 13%. In March, Seek.com announced that month on month job advertisements was up 10.3% with the year-on-year figure […]
The best agent is the one who offers the lowest commission.
The age-old rule of value applies when making a decision on which agent to choose, ‘You get what you pay for’. Choosing an agent because they offer the lowest commission in town is not always the safest bet to make. Actually, many case studies have found that a skilled agent will make more money […]
Quarterly Market Update + What Will Interest Rates Do Moving Forward?
FOMO (fear of missing out) continues to drive up prices locally as Queensland becomes the lifestyle state and poised for more growth in the year to come according to many experts. People are flocking to Queensland and still consider housing prices here as relatively affordable compared to house prices in the southern states. An […]
A Few Explanations to Explain Current Housing Market Boom – Happy Easter!
There are many reasons to explain the current housing market boom however one thing often overlooked is the current lending rates. Current reports are indicating that buyer demand is up 58% year on year. Of course, at this time last year we just starting to experience a downturn in demand due to the COVID Pandemic […]
Will Property Prices Double in the Next Few Years?
Prices are surging up across Australia. The figures below are indicating that most capital cities, year to date, are up by an average of 3.6% with forecasts suggesting double-digit growth this year. Regional areas including regional Queensland are reporting double growth of that of their capital cities. In Palmwoods and the surrounding suburbs, I’ve seen […]
