The Hangover: Australia. We’re facing twice that of the USA…

The party is finally winding down for Australia’s housing market. How severe the hangover is will determine the economy’s fate for years to come. After five years of surging prices, the market value of the nation’s homes has ballooned to $7.3 trillion – or more than four times gross domestic product. Not even the U.S. and…

Are you ready for a transitioning real estate market?

Earlier this year we predicted a cooling in the housing market. Well it seems that it has arrived in Adelaide and its happening now. We have now entered a transitioning market. What are the signs; September quarter figures show a drop of 0.3% in SA property prices. Might not seem like much but it’s the…

Simple but effective makeover tips for your home

Is your home in need of a makeover? The good news is , it doesn’t need to be an expensive or a time consuming process in order to get a stunning result. Below are some simple and inexpensive ideas to provide inspiration for those that would like to give their property a simple transformation. These…

Almost a quarter of Australians are renting…

The June quarter report showed that Adelaide’s rental yields (4.1%) have excelled above Sydney (2.8%) Melbourne (2.6%) and Perth (3.6%). Rental growth is increasing, approximately 31% of Australians are currently renting. Even though the median household weekly rent has increased from $285-$335. Rents are more than likely going to continue to rise due to increased…

July market update

Core logic has released a housing market update for July 2017. The following information explains the current market conditions for Adelaide and the combined capital city housing market. Since the end of 2008 Adelaide home values have increased by a cumulative 17% with values increasing by 2.4% over the past year. However more recently in…

What the census data results say about the housing sector.

The recent census has revealed data showing the increase of group households in Australian capital cities. A group household is defined as more than two people that are over 15 and are not related that live in the same home. There has been a 10.5% national increase in the past 5 years of group households….

Will the property market crash? How devastating could it be?

  The dreaded B-word is yet to be utilised with mainstream, middle of the road economists but many are saying that people should think twice before buying property in the current market, especially in Sydney and Melbourne. American ratings agency Standard & Poor, has become more focused and vocal on the Australian market in recent…

Stamp duty is making up 51.9% of tax revenue.

Revenue from property transactions accounts for 51.9% of total tax revenue for local governments Latest figures from the ABS (Australian Bureau of Statistics) in relation to taxation data for the 2015-16 financial year show that $49.5b in property taxes were collected by state and local governments. This was 9.6% higher over the year and is…