Property Consulting Services

In this period of high inflation, most have noticed our weekly income can't buy the same amount of goods as it could a few years ago. But long before this inflation crisis, a similar phenomenon has been eating away at the value of the money we use to buy a home. Since the early 1990s until recently, the average annual rate of inflation in consumer prices has been 2.5 per cent, so it may have felt like the value of our currency was relatively stable before the pandemic. Read More:  https://www.abc.net.au/news/2023-04-16/inflation-and-house-prices/102227382

Australia’s property market downturn could come to an end sooner than expected, experts say, as strong buyer demand and the limited supply of homes for sale curb price declines. But clouds loom for the economy, and while the property downturn is likely to be milder than previously forecast, experts are divided on which way prices are headed next. Home values nationally lifted 0.6 per cent last month, the first month-on-month rise since April 2022, CoreLogic figures show, leaving values 4.7 per cent below the market peak. Read More:  https://www.smh.com.au/property/news/where-are-property-prices-forecast-to-head-next-20230419-p5d1k6.html

 Australian technology companies that process rental applications for the real estate industry appear to be pulling back their platforms, as consumer backlash grows about the fledgling industry's allegedly "opaque" practices.  A report out on Tuesday from consumer advocacy group Choice concludes that Australia's real estate industry is becoming increasingly reliant on third-party apps such as 2Apply, Snug and Ignite to process rental applications, as well as manage properties once tenanted.  Proponents of this trend say it helps Australian renters apply for properties in a faster and more efficient way. That is because their apps allow people to create central profiles and upload documents, rather than individually apply for rentals directly with real estate agencies. Read More:  https://www.abc.net.au/news/2023-04-18/choice-rent-tech-data-renters-apply-snug-regulation-data/102231206

Hi All! After months of house hunting, you finally found a dream home in the top location of Adelaide. Congrats! Buying a home for the first time is a big achievement. It is one of the biggest financial investments anyone can ever make. That’s one of the main reasons why it is important for you to set up a new home in advance. Pet or child proof your house, do necessary repairs, renovate your kitchen, change locks, paint your walls, and much more. For more tips and tricks, read the article I am sharing below on my page.  https://www.betterremovalistsadelaide.com.au/setting-up-your-new-home-a-guide-for-new-homeowners/

 It takes around three hours and 10 minutes to cross the Ditch — the 2,225 kilometre stretch of the Tasman Sea that separates Sydney and Wellington. But when it comes to interest rate policy, the distance between the two cities has been growing ever wider for the past year. Where Australia is delicately attempting to navigate what RBA kahuna Phil Lowe describes as "the narrow path to a soft landing", his Kiwi counterpart Adrian Orr appears hell-bent on sending his economy into a tailspin and a fiery crash. Read More: https://www.abc.net.au/news/2023-04-10/why-new-zealand-is-beating-australia-in-the-race-to-recession/102204022

 It should be a buyer’s market, so why are property buyers holding back? Even though buyers face less competition and enjoy more affordable prices during a downturn, some find that the uncertain conditions magnify the risks of short-term loss and induce anxiety, making it seem less attractive to buy. Buyer activity is at its lowest level since September 2020 on ABS lending finance figures, as borrowing capacity falls due to the Reserve Bank’s cash rate increases and market sentiment shifts. Read More: https://www.smh.com.au/property/news/waiting-for-a-fire-sale-is-it-a-good-time-to-buy-a-house-yet-20230410-p5czb1.html