Archive for January, 2019

Sydney and Melbourne among the most expensive cities to live in 2019

The 15th Annual Dermographia International Housing Affordability Survey has revealed the most expensive cities to live in around the world. The study looked at 309 housing markets in Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the UK, and the US. It uses the “mean multiple” approach – the median house price divided by the median household income. The survey shows that the most “severely unaffordable major housing markets” are currently in Australia, New Zealand, and China. Sidney and Melbourne are among the top most expensive cities to live in 2019. 10 Most expensive cities to live in around the world in 2019, ranked my... View article »
Posted in Buy, Manage, News on 25th January, 2019

It’s Officially First Home Buyers’ Market

Proportion of all buyers, the share of first-home buyers is at 6-year highs. In November, almost 10,500 first-home buyers took out a home loan, just off the highest number in almost nine years. And as a proportion of all buyers, the share of first-home buyers is at 6-year highs. The proportion of first-time buyers in the home loan market rose from +18.1% in October to a 6-year high of +18.3% in November (decade-average +17.7%). Clearly these buyers are celebrating the greater choice of properties on the market, more attractive prices and super-low interest rates. Over the year to November, almost $238 billion in loans were taken... View article »
Posted in Buy, News on 22nd January, 2019

Property prices are predicted to rise in late 2019

Economist Stephen Koukoulas predicts very positive late 2019 and 2020 with additional 2%-3% rise across Sydney, NSW. If you’ve been searching for predictions on likely outcomes in 2019 – and you’ve been using mainstream media as your primary source – you’ll be massively confused and misinformed, because newspapers and other tabloid media like the ABC have featured only those who have forecast major and widespread price decline. The vast majority of forecasters – the calm, sensible, rational ones like BIS, Domain, SQM Research, Propertyology and most of the major lenders – have predicted fairly optimistic outcomes in 2019 and 2020. But few... View article »
Posted in Buy, Manage, News on 9th January, 2019