Our outlook for the first two quarters of 2023 is for a steady market, which now seems to have factored in any future interest rate rises. With wages slowly increasing, immigration increasing, rents rising and interest rates settling, it feels like we should pass the low point around the middle of the year and see
On the back of what was a crazy year for Real Estate, 2022 presented many hurdles particularly from May onwards. With the federal election, several interest rate increases and international affairs impacting buyer confidence – the market transitioned from what was largely a seller’s market to a much more settled environment, typical of normal market
As our first uninterrupted year since pre-pandemic days, 2022 has been a much-welcomed readjustment. That said, with the ebbs and flows of the local and global economy, potential world wars, stand-out pop culture moments, new ways of working, and extreme weather events to navigate, it’s been a crazy ride! Let’s strap in and look back
Whatever business you’re in, the last three years probably felt turbulent. But, just as the Monty Python song reminds us to “always look on the bright side of life,” there is some good news: there’s arguably never been a better time to plan for success. Now, we’ve got the tools to navigate unprecedented events. We’ve
Ah, cricket. A game so deeply ingrained in our history, it’s now a pillar of our culture. Dating all the way back to 14th century medieval England, what started as a children’s game, quickly became a globally recognised sport. The first-ever international cricket match took place in 1844 between teams from the United States and
It’s once again the most wonderful time of the year, full of colour, happiness, love, laughter, gifts, and special moments with loved ones. For some, it’s a stressful time of year with all the buying of gifts. For others, buying gifts early and getting into the Christmas spirit is something they look forward to –
November typically sees a surge in listings and sales as both vendors and buyers are motivated to lock in something before the year closes out. Across our offices we have received 14 new listings, and achieved 9 great sales. The average days on market for November sales has returned to reflect normal market conditions (i.e.
Purchasing a home is a lifelong goal for many and the current market downturn across Australia might finally be the key to unlocking the property market for first home buyers. The market has recently recorded declines in dwelling values across all capital cities, excluding Darwin. While this may be concerning for homeowners thinking of selling
First-time home buyers have at last been treated with decreased property prices, as all major cities except Darwin recently recorded negative growth in dwelling values. After two years of soaring prices during the pandemic, it’s a welcome relief for a lot of Australians to finally witness house prices ease in many areas. CoreLogic data reveals
Rising interest rates are a scary prospect for many Aussies, especially those with a mortgage, but it may be reassuring to know that the average borrower is ahead of their home loan repayments. Data from the Australian Prudential Regulation Authority (APRA) has shown that the average borrower is 45 months ahead of their repayments, a