Buyers are enjoying more choice, but also facing higher prices
There’s been a big increase in the number of properties being listed for sale, which should please anyone in the market for a home or investment property. Throughout Australia, the number of new listings (defined as those less than 30 days old) was 14.3% higher in September than August, according to SQM Research. That included […]
- Author: admin
- Date: 24 October 2023
Is it best to get a car loan through a dealer, bank or broker?
When you buy your next vehicle, there are three different ways you can get a loan. The first is through your car dealer. This can be convenient, because the dealer can sell you a car and arrange a loan at the same time. But there are a few things to consider when it comes tobig […]
- Author: admin
- Date: 24 October 2023
Govt helped more than 32,000 people buy homes in FY23
The federal government’s Home Guarantee Scheme (HGS) is helping an increasing number of Australians break into the market, research from Housing Australia has found. According to the Federal Government, more than 32,500 guarantees were issued in the 2022–23 financial year, an increase of around 39% on 2021-22, when 23,300 guarantees were issued. That included: The […]
- Author: admin
- Date: 24 October 2023
RBA’s outgoing boss delivers home truths on economy
Outgoing Reserve Bank Governor Philip Lowe has used a farewell address to deliver some insightful remarks about inflation, unemployment and productivity. Before Dr Lowe became governor, inflation was quite stable. But during his seven-year stint in the top job, inflation ranged from a low of -0.3% to a high of 7.8%. “My view is that […]
- Author: admin
- Date: 3 October 2023
Tourism property assets storm back after covid-induced slump
The tourism sub-sector of the commercial property market has been an outlier over the past three years – for worse during the pandemic and now for the better. “For the rest of the commercial property market, volumes hit new highs as interest rates fell in 2020 through to 2022, with a range of new investors […]
- Author: admin
- Date: 3 October 2023
Report calls for late-paying big businesses to be named and shamed
The Payment Times Reporting Scheme, which aims to improve payment times for small businesses, needs to be updated to better serve the small business sector, according to an independent review of the Payment Times Reporting Act 2020. Craig Emerson, who conducted the review, said the federal government should ban unfair payment practices, increase the powers […]
- Author: admin
- Date: 3 October 2023
Why business expansion offers potential opportunity for investors
Over the past three years, there’s been a significant increase in the number of new businesses, which may translate into increased demand for commercial property. Between the 2019-20 and 2022-23 financial years, the number of actively trading businesses in Australia rose 11.9%, from 2,314,448 to 2,589,873, according to the Australian Bureau of Statistics. Focusing just […]
- Author: admin
- Date: 3 October 2023
October cash rate decision: Tips to tackle Spring selling season
The Reserve Bank of Australia’s new Chair Michelle Bullock today announced the central bank would hold the nation’s cash rate at 4.10%. Despite the cash rate sitting four percentage points higher than its all-time low in 2022, we are still seeing the typical springtime boost in properties going to auction. The week ending 24 September […]
- Author: admin
- Date: 3 October 2023
Why Airbnb is contributing to the sharp rise in rents
Why Airbnb is contributing to the sharp rise in rents More property investors are renting out their homes through Airbnb and similar platforms, which is reducing the number of properties in the long-stay rental market and pushing up rents, according to a new report. The Real Estate Institute of Australia (REIA) in its ‘Short Stay […]
- Author: admin
- Date: 25 September 2023
Consumers snapping up cars in “unprecedented” numbers
Consumers snapping up cars in “unprecedented” numbers Australian car buyers have set their second consecutive monthly record. After consumers purchased 96,859 new vehicles in July – the highest number ever for July – they followed up by purchasing 109,966 new vehicles in August – a record for the month, according to the Federal Chamber of […]
- Author: admin
- Date: 25 September 2023
