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McCrindle demographic study looks into the changing of the guard in terms of Australian generations. From 2019, there will be more Australians born since 1980, than before 1980. This study acknowledges the change with Generation Y (born 1980 to 1994), Generation Z (born 1995 to 2009) and Generation Alpha (born since 2010) as they become the dominate generations of our population. This will see Generation Y beginning to dominate as workers, consumers, new household formers and will therefore emerge as the key demographic to engage with. From a property perspective, if Generation Y is now the dominant age group we need to... View article »

National dwelling values hold steady in November with Sydney trending lower while Perth bottoms out National dwelling values held steady in November, with a 0.1% fall in capital city dwelling values offsetting a 0.2% rise in values across the combined regional markets of Australia, according to CoreLogic’s November Hedonic Home Value Index results. According to CoreLogic head of research Tim Lawless, a Index results as at November 30, 2017 significant contributor to the downwards movement over the month came from the Sydney housing market, which recorded a 0.7% fall in dwelling values, while a fall in values was also recorded across... View article »

Spring is traditionally seen as the best time to sell a property, when the weather is warming up and buyers become more active. However, there are a number of studies which have revealed that autumn is equally as good, if not better than spring, to sell a residential property. The Benefits Of Selling In Autumn Less competition. There are often less houses on the market in Autumn, so there is less competition. Reduced stock on market. As spring is the time when most home owners put their property up for sale, the market can become flooded with stock. An increase in... View article »

UBS last week released this year’s Global Real Estate Bubble Index showing that Sydney’s home market is now highly overvalued rather than a “bubble risk,” as reported by Business Insider Australia.  In 2015, the housing market of New South Wales’ capital hit the “bubble risk” territory, which implied a risk of damaging price rise. This was driven by high foreign demand, low-interest rates, and overwhelming expectations. This year, though, Sydney’s ranking in terms of bubble risk declined to 11th place. The report noted that the risk peaked last year but has since corrected by 5% in real terms, thanks to stricter mortgage lending. While... View article »

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Owners of small, narrow properties who never thought their blocks were suitable for development are set to benefit under new statewide planning laws designed to fast-track medium-density housing in NSW. Under the new medium-density housing code announced last week, duplexes, terraces and manor houses can be approved as complying developments in as little as 20 days, skipping the development application process. However also part of the new rules is that blocks now only need to be 12 metres wide for a duplex, overriding existing council rules requiring frontages to be at least 15 to 20 metres. What qualifies a property for redevelopment into a... View article »

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According To The CoreLogic December Hedonic Home Value Index Results, National Dwelling Values Slipped Lower Over The Month, Led By Falls Across Sydney, Darwin, Melbourne And Perth The transition towards weaker housing market conditions has been clear but gradual and is likely to continue throughout 2018 according to CoreLogic head of research Tim Lawless. Commenting on the results, Mr Lawless said, “From a macro perspective, late 2016 marked a peak in the pace of capital gains across Australia with national dwelling values rising at the rolling quarterly pace of 3.7% over the three months to November.” “In 2017 we saw growth rates and... View article »

In the age of electronic transactions or ‘paperless transactions’, it has become especially important for Lawyers and other parties involved in property transactions to ensure that the person they are acting for are indeed who they say they are, and have the capacity to enter the transaction.  This includes confirming a person’s capacity to act as agent for a company or as an attorney. The VOI process is particularly important in land and property dealings as it assists in reducing identity theft and land title fraud.  Verification of Identity has always formed part of good practice however from 1 August 2016, it... View article »