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You’ve probably spotted headlines about Australia’s booming property market in recent years — and you wouldnt be the only one. Many foreign investors have been taking advantage of the Australian property market and tapping into the reliable, high-growth opportunities of this real estate market.

Some experts are predicting the American property market will cool significantly (or even crash) in 2022. On the flip side, overseas buyers are buying property in Australia to capitalise on the country’s strong rental yields, diverse investment options and stable home prices.

Sydney real estate agent Peter McGuinn has witnessed first-hand the recent dramatic shift in the local property market.

«Fifteen months, two years ago, selling was easy. You could sell a dog kennel for a fortune,» he says.

But offloading a property in Australia is now hard work following a steep decline in house prices.

When making decisions about property investment, it is of critical importance to understand the wide range of factors that determine the performance of any real estate market, irrespective of time or location.

Chief amongst these factors are the broader macro-conditions which determine the overall state of the economy, as well as trends on property markets.

These macro-level factors are far-ranging and diverse, encompassing population growth, interest rates and access to finance on the demand side, and housing volume and dwelling construction rates on the supply side.

Most of us are aware that selling a house costs money. Sometimes we aren’t aware of how much money selling a house really costs. Some costs are unavoidable, while others are voluntary. The question you need to ask yourself is whether those voluntary costs are worth paying for.

Unavoidable costs of selling a house

Arguably, you can try to sell your house yourself. This can backfire, though.

Real estate agents are professionals and know how to reach more buyers and fetch the best price for your home. Unless someone walks up to your door and offers you a ridiculous amount for your property, the cost of a real estate agent should be included in your list of unavoidable costs.

In the current climate of economic and social uncertainty brought about by the Covid-19 pandemic, its not a surprise that there have been changes in Australias housing market. While there has been plenty of speculation in the media, it is likely that there will continue to be change, be it big or small, for better or for worse.

In this blog, Georgia looks at some of the lead indicators and measures being introduced to support vulnerable members of our community.

Our homes are something that people are thinking more about these days were spending more time in them than many of us would like or would have expected over the past few months. Housing the supply and cost of is and will continue to be a huge challenge through the 3 phases of “survival, stimulus and recovery” from Covid-19 for our communities. Speculation has been rife in the media, from potential support for renters to declining house prices with a wide range of opinions.

Apartment living in Australia has become increasingly attractive over the past few decades – in fact, at the last count, there were more than 1.2 million apartments in the country 1 . Over 25 years, the number of occupied apartments increased by 78 per cent and now around 10 per cent of us live in an apartment 2 .

Apartment living offers many advantages and from an insurance perspective is a different proposition to living in a freestanding house.

So, do you need insurance for your apartment if you’re renting? And, do you need insurance for your apartment if you’re an owner occupier? Here’s what you need to know.

While the RBA’s November cut will prove a boon to many homeowners, the future of the housing market in Australia remains fairly uncertain. The market has generally held up pretty well during the COVID-19 pandemic, but there are several factors at play which could determine if 2021 will be a year of growth or if the recent price increases are merely a dead cat bounce. Here, I’ll round up four positive and negative indicators for the Australian housing market.

The latest CoreLogic data shows that, despite predictions of up to 15% drops in value earlier in the year, house prices in Australia have so far proved resilient against the dreary economic environment. Prices increased in all capitals bar Melbourne in October and were significantly higher compared to October 2019 in all cities bar Perth, which saw a marginal price increase of only 0.04%.

However, these numbers need to treat with some caution. House prices experienced a significant dip in late 2019 and recovered in the early half of this year, as can be seen in the average index of the five largest capital cities below. House prices are certainly on the way up, but they have a long way to go.

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Founded in Sydney in 2005, Southern Cross Group is one of the few remaining, wholly owned Australian Facility services company with a focus on delivering Facility (security, cleaning and trafiic.

Housing in Australia can be expensive, especially in capital cities. Nevertheless, there are many different housing types to choose from in the country, depending on your lifestyle preferences and budget. The top 6 types of Australian dwellings are stand-alone houses, terraces, semi-detached house, duplex, townhouses and apartment units. We will be going into detail about what makes each type unique; to give you a better idea for the right choice that suits your needs. It is important to know that dwelling definitions change from state to state and council to council.

These are some of the most common types of houses in Australia;

1. Stand-alone house

This type of dwelling is similar to a Bungalow. Stand-alone dwelling buyers own the land and can build any form of housing in Australia within its boundaries, as long as it does not violate any regulations. Land size usually varies depending on the distances, locations and the price often diminishes from the outer to the middle ring suburbs. A stand-alone house can be knocked down, renovated or extended, provided it complies with council regulations. The dwelling types are a popular choice among families with younger children as they usually have more accommodation and garden space. However owners will need to pay for higher land rates (due to the bigger plot of land), the build-up size usually depends on the land sizes and they can build a single storey or double-storey.

2. Terrace

A lot of people tend to ask: What is a terrace house in Australia? Terrace houses are housing that is built in a continuous row with a similar style. Just like all the terrace houses in the world.

These Overseas Destinations Offer You A Chance To Find Property At A Bargain Price

Bargain properties are still available in many countries around the world.

Getting onto the property ladder has always been one of the safest and best ways of securing long-term wealth. Buying cheap real estate overseas gives you another level of security and diversification.

By purchasing property abroad, you have added safety should the U.S. market fail. Especially in 2021, when the strength of the U.S. dollar makes overseas property great value for money.