The biggest risk to Australian house prices is forced sales
In 2023, one of the biggest unknowns is how interest rate hikes and the transition from fixed to variable rates will affect already strained budgets and declining property values.
Capital Gains on Real Estate
Initially, capital gains tax might seem intimidating, but if you edge a little closer, you’ll see it’s not nearly as complicated as you thought. A capital gains tax is a levy you pay calculated based on the difference between what it cost you to acquire an asset and what you received when you sold it. […]
Unlike any other year in the property market
In what is shaping up to be the deepest correction in property in 30 years, the global housing market is predicted to continue declining in 2023. The year 2022 will mark the softest property sectors in the nation’s two largest cities since the 1990-91 recession, according to new research on failed auction results. Sydney property […]
What’s ahead for property in 2023?
Population growth and the nation’s wealth will be the main long-term drivers of our property market, rather than short-term fluctuations caused by interest rate increases, inflation, or government intervention. Despite the difficulty of forecasting, particularly about the future, history is instructive, so let’s take a look at the past, even though it is only one […]
Looking at the market over 2022 in Sydney’s eastern suburbs
Sydney’s property market has been in the news a lot over the past 12 months, but if you read most media reports, you’d probably get the impression it is all gloom and doom. However, the reality is much more complex – and, in many cases, more positive – than headlines suggest, especially in the eastern […]
Over the past 30 years, prices have risen by more than 1,500% in three suburbs
The median Sydney property price has risen by over 550% in the past 30 years. In 1993, the median house price in Sydney was $188,050. Today, it is $1,036,727.