This indicator is pointing to a red-hot property market. What does it mean? There’s been a lot of focus on the negative economic news stories in the past few months, but it’s always worth remembering that it’s never a one-way street. And if you want proof of that, take a look at the bullish picture […]
Insurance Companies Betting Against Us? The Truth!
What risk are underwriters putting on the property market? You’d be surprised. QBE is one of the largest underwriters of LMI (Lenders Mortgage Insurance) in the country. I’m still surprised at how many people don’t get how LMI works. A lot of people think it’s the banks making you take out insurance so you’re covered […]
The Market’s Dead… Good! This is a Win.
Stamp duties have ‘killed’ the foreign buyer market, according to this bloke. I’m not sure it’s true, and I’m not sure it’s a bad thing anyway. You might remember that last year both the NSW and Victorian governments decided to go after foreign property buyers. The NSW government doubled the foreign buyer surcharge to 8 […]
Immigrants moving bush? Should I buy regional?
The government has dusted off an old policy. Is there any hope for it this time around? So the government is flirting with a ‘migrants to the bush’ scheme – a program that will require immigrants to move to regional areas. Scott Morrison and Cities Minister Alan Tudge haven’t given us the exact details yet, […]
Brisbane Apartment Crash Cancelled?
A lot of doom-merchants were selling the apartment crash in Brisbane. Looks like it’s not happening. Brisbane is actually headed for a shortage of apartments. I know, right? That sounds crazy. I’m flying in the face of conventional wisdom here. The rule of thumb is that Brisbane, like most capitals, got a little too high […]
Govt hands lucky investor $160K!
This is how to play government changes There’s a saying in property that ‘they’re not making any more land.’ The idea is that land is a fundamentally scarce commodity, and that’s why its value grows and grows over time. And with it, dwelling prices. Except it’s not entirely true. For example, you could say that […]
Fake cycle? Houses still selling like hotcakes!
Days on Market is pointing to a boom… so why aren’t we there yet? I sometimes wonder if Aussies are getting too soft. It’s like thing are so good for so long, that people acclimatise. They get used to the good times. And when things go from mind-blowingly awesome to just awesome, it’s like the […]
This is the hottest market in the country right now
The hottest market in the country right now is…. Hobart. In case you hadn’t heard, Hobart is booming. At a time when Sydney and Melbourne are slipping, prices in Hobart grew a thumping 20% in the past twelve months! In fact, median prices in Hobart are now set to become more expensive than they […]
70% of the market is pumping
The mass media is posting some scary headline numbers (…again!), but scratch beneath the surface and it’s almost a good news story. The papers were running the headline last week about house prices falling for the first time in 6 years. The actual peak was some months back now, but for the first time in […]
Sunny Skies For Perth Property Portfolios
Happy news at last for Perth, and how to read this particular piece of data. It’s always a risky business calling turns in the market cycle, but I’m going to go out on a limb and say that Perth has turned the corner. This is going to sound strange when Perth is still posting some […]