Economic updates

Mortgage stress has risen dramatically since last year but so far we are yet to see an increase in people selling as a result.

In the US, large companies currently own five per cent of rental properties. This asset class is referred to as “multi-family” in the US and is the largest property investment type in that country.

In February, house prices in Australian capital cities remained stable, according to data analytics company, Neoval.

Australian capital city house prices fell by 6.4 per cent last year, dramatically different from the 20 to 30 per cent that many forecast.

This year, we are set to attract more wealthy migrants than anywhere else in the world, according to Henley & Partners, an advisory to the world’s highest net worth citizens.

Auction bidding now at its strongest level since February 2022

Interest rate rises are unlikely to lead to recession but will continue to be a headache for housing.

Brisbane, Perth, Adelaide and Darwin are now back to peak as house price growth continues.

Like most people in the property industry, I was dismayed that a key revenue item in the recent Victorian budget was to increase land tax payments for investment properties.

Regional Australia was the standout during the pandemic with the virus sparking the greatest movement of people to these parts of Australia ever recorded.

First home buyers make a tentative step back into the market

In April, new listings were down 17.1 per cent with Sydney and Melbourne seeing the biggest falls.