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 […]
Top 10 Most Liveable Cities– 4 Australian Cities Make the Cut!!
The Economists annual survey of the most liveable cities is out and although Auckland, New Zealand and Osaka, Japan take our first and second positions Australia’s wonderful city Adelaide hits number three ranking. Melbourne held the top ranking for several years although fell back a position in 2018 and falls again in 2021, this year […]
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 […]
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 […]