Vacancy Rates Tighten as Rental Fee’s Continue to Rise – MPG
Vacancy Rates Tighten as Rental Fee’s Continue to Rise Weekly Real Estate Market Update with Leigh Martinuzzi MPG Vacancy rates for homes and units to rent have tightened in the first quarter of 2023. The current demand for property to rent and a chronic shortage of rental properties available have bought vacancy rates to a […]
Easter Market Update with Leigh Martinuzzi MPG
Weekly Real Estate Market Update with Leigh Martinuzzi MPG CoreLogic has reported the first national home value index rise month on month since April 2022. After a relatively flat February prices have risen 0.6% in March. As reported last week, with current property stock levels remaining low, property prices have avoided falling off the cliff […]
Property Listings Remain at Record Lows – MPG
Property Listings Remain at Record Lows – MPG Weekly Real Estate Market Update with Leigh Martinuzzi New property listings coming to the market are well below averages for this time of the year as many sellers hesitate to sell. Nationally listings are down 18% this year compared to last year. And in week 11 when […]
Unpacking the Current Sentiment in the Housing Market – MPG
Unpacking the Current Sentiment in the Housing Market Weekly Real Estate Market Update with Leigh Martinuzzi MPG This week we’re in the housing market buyers are still showing a lack of confidence and urgency when it comes to buying. For some properties, enquiries remain up with offers to purchase still coming in, albeit some offers […]
Markets Go Up, Markets Go Down… MPG
Markets Go Up, Markets Go Down… Weekly Real Estate Market Update with Leigh Martinuzzi MPG A few charts below highlight how much the market has moved since the onset of the pandemic and how much it has corrected itself in the past ten months. As highlighted, overall national dwelling prices rose 28.6% from September 2020 […]
Property Market Cycles and Market Trends 2023
We are not in a recession and based on all economic indicators, it doesn’t look like we are about to be in a recession. The RBA announced a further 0.25% rise in the cash rate yesterday, which is the 10th consecutive increase taking the cash rate to 3.6%.
Property Outlook 2023 – A Flip of A Coin!
Real Estate Market Update with Leigh Martinuzzi MPG
Nationally prices have risen 0.2% over the month of February, largely driven by an increase in consumer confidence in Sydney, where prices jumped 1.4% in February.
The Australian Housing Market Remains Resilient
Weekly Real Estate Market Update with Leigh Martinuzzi MPG
I know I’m going to sound like a broken record, but the property market is showing great resilience. Despite the recent cash rate rise, buyer numbers are up. Last weekend we had above-average numbers attend our open homes, and new enquiries are good.
Explaining the Property Market with Several Charts – MPG
Explaining the Property Market with Several Charts In this post, I share several charts that highlight the current state of Australia’s property market that may provide some clues as to where we are heading. The first chart highlights why the Australian Government and the RBA don’t want a property crash. 57% of Australia’s wealth is […]
Why We Shouldn’t Panic about the Changing Market – MPG
Why We Shouldn’t Panic about the Changing Market Weekly Real Estate Market Update with Leigh Martinuzzi MPG The property market has been impacted by the recent interest rate hikes! Prices have dropped -7.2% in the last 12 months. The total value of Australian property has dipped from close to $10 trillion last year, down […]