Property Consulting Services

 Hey people, I have been working in the retail industry for years. The sector used to be a thriving part of the Australian economy until we had to suffer the COVID-19 pandemic impact. It was much worse for retail than industrial and office commercial properties. Many small businesses closed and others had to rely on government’s help to remain in business. However, we managed to pull out of the dark times and are now looking at the silver lining. We have now our own ecommerce store and are building AI capabilities in the store to make it more immersive for in-store customers. Here is an article that will help you understand this better. https://www.commercialproperty2sell.com.au/blog/2023/04/the-future-of-retail-space-in-australias-comm.php

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

 The property market was stronger for more expensive homes in Sydney and Melbourne than for more affordable homes over the first three months of the year. Improving top-end values are usually a sign that property market falls have reached a trough and are starting to recover, but experts say this time it’s too early to tell if there will be a sustained turnaround. There was a 1.3 per cent rise in values for the segment of Sydney homes worth $1,520,111 and above last quarter – the top 25 per cent of the Sydney market, CoreLogic figures show. Read More: https://www.smh.com.au/property/news/property-market-is-strongest-for-one-type-of-home-20230412-p5czvx.html

 Hey All, Negative gearing is one of the least known terms, but it is one of the most useful practices for investors. It favours those who have high income and pay heavy taxes. So, it happens when the rental income from the investment property owned by the landlord does not cover the expenses. The losses can be counterbalanced by claiming tax deductions for the negative gearing and depreciation of the property. The owner can also get the money back by selling the property at a higher price after a few years. They can also claim concessions on the capital gains tax. Here is an article that will help you understand this.    https://www.commercialproperty2sell.com.au/blog/2023/03/what-is-negative-gearing.php

 Home buyers are likely to face more competition as the number of active bidders per auction inches upwards and the property market shows signs of stabilising. Bidder numbers are higher this year than in the spring, though some experts say there are few homes for sale and the outlook for the market is still uncertain. In Sydney, the average number of active bidders per auction lifted to 3.4 in March, after holding below 3 during the spring selling season last year, figures from real estate agency Ray White show. Read More: https://www.smh.com.au/property/news/boom-time-conditions-why-some-auctions-are-so-hot-in-a-property-downturn-20230403-p5cxq0.html

 New data points to an alarming escalation in the cost of keeping a roof over your head, especially for renters. "The country is experiencing the longest stretch of continuous rental price growth on record as house rents rise for the eighth consecutive quarter and unit rents for the seventh," real estate website Domain said in its quarterly rent report. The lift in prices has produced record rental prices across the nation. Read More: https://www.abc.net.au/news/2023-04-06/australia-is-experiencing-the-longest-stretch-of-rental-growth/102192770

 Sydney property prices are up again after 10 months of falls, and yesterday's interest rate pause could push them higher, economists say. Yesterday's decision by the Reserve Bank of Australia (RBA) to keep the cash rate at 3.6 per cent after 10 consecutive hikes would have come as welcome news for borrowers. The pause is only temporary, though, with the RBA's board making it clear further rises might be needed to keep inflation tracking to its target of 2 to 3 per cent "on average over time". The announcement came a day after a leading property analytics firm reported an uptick in national dwelling prices last month, with Sydney — Australia's most expensive market — leading the way. Read More: https://www.abc.net.au/news/2023-04-05/impact-of-rba-rate-pause-on-sydney-property-prices/102185818