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 […]
What Makes Some Real Estate More Valuable than Others?
What Makes Some Real Estate More Valuable than Others? Value is held within the eyes of the buyers. It is also true that value is also held in the eyes of the property owner and unless we are talking about an investment property the value a property owner places on their home increases over […]
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 […]
The Winter Selling Season Approaches – Weekly Real Estate Newsletter with Leigh Martinuzzi
The Winter Selling Season Approaches Typically, at this time of the year as we approach the end of the financial year and head into the winter months, nationally, the property market somewhat eases however this year may prove to move to a different beat. From my research, the best times to sell in Australia […]
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, […]
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 […]