Apartment Market Outlook Remains Strong
One of Australia’s most respected property services firms Charter Keck Cramer (CKC), has just released its half yearly “State of the Market” report for apartments in Melbourne, Sydney and Brisbane. It focuses specifically on the apartment market including both the Build to Sell (BTS) and Build to Rent (BTR) markets. While increased interest rates and construction costs…Read More→
Rents set to rise in 2023
The news feeds have been whirring in August 2022 reporting a shortage of rental accommodation or listings AFR – Home Rental listing slump to record low. 7:30 Report – Disputes between landlords and tenants becoming common during rental crisis. These news reports picked up on data released by SQM property research in Aug 22 showing Australia’s…Read More→
How will WFH impact the apartment market?
Working from home (WFH) is the big post lockdown shift and we are all trying to understand its impact and outlook. Is it here to stay and to what extent? More importantly how will it impact the apartment market? Residential and commercial real estate owners have a big stake in the game. Developers need to make decisions…Read More→
Refinancing loans on the rise.
The rise in interest rates in early 2022, has driven a growing number of people to find a better deal for their home or investment property loan. In the PEXA Mortgage Insights Report for FY22, it showed a sharp rise in lending activity for the 2022 financial year. Refinancing in particular saw a sharp jump…Read More→
Do the rental rule changes work?
In March 2021 the Victorian Government introduced a raft of new rules with the intention of protecting residential renters. Did they work? Some did, but some had unintended consequences. Changes providing protection in situations of family violence were very welcome, but other changes have backfired. Who pays for cost of rental rule changes? Regulation always…Read More→
How to adjust rent payments?
Paying rent each month is straight forward. However, when it needs to be adjusted for different pay dates or part payments, it can get confusing. Hopefully this answers all your questions and helps you understand how it works. Rent payment fast facts. Rent is paid monthly in advance. Rent is paid from the same pay…Read More→
Is it a good time to buy?
Is it a good time to buy? The lower auction clearance rates in mid 2022 are a good barometer of market sentiment and direction, but don’t necessarily reflect an equal shift in market values. They also speak more to the housing market than apartments. In mid July 2022 in Melbourne and Sydney, apartments only represented…Read More→
Should investment owners sell or hold?
Here are some interesting recent market stats. Rental rates for apartments nationally are up 4.8% year on year to June 2022. Investment sellers nationally has grown from 7% of all sellers in 2013, to 25% in 2022 (and 29% in Melbourne). Investment buyers nationally has fallen from 26% of all sellers in 2013 to 8% in…Read More→
How Apartment Values are impacted by Inflation.
July’s 0.5% rate rise by the RBA has certainly captured news headlines. Understandably so. We have just experienced one of the sharpest series of rate rises since the early 1990s and there is more to come. What does an interest rate rise do? RBA’s control of interest rates (coupled with the PR machine around it)…Read More→
Breaking a lease. How does it work?
Sometimes life takes a sharp turn and a renter needs to move out of a property before the lease has ended. This is called breaking the lease. Can someone just end theirlease? It is helpful to remember a lease is a legal document or a contract that is binding on all parties. The owner, the…Read More→
Will interest rates impact the apartment market?
More than 50 central banks have raised interest rates by at least 50 basis points in one step, so far this year. Many of them haven’t finished yet, including Australia’s RBA, which is likely to increase the cash rate by another half a percent in July 2022. China is one of the few countries bucking…Read More→
How to convert Rent per Week to Rent per Month.
Rent is advertised and agreed as a dollar per week amount. But then rent is actually paid each month. This can cause a lot of confusion about how much rent is actually paid each month when it is different to the agreed weekly rent. This video explains how its done or read on… What are…Read More→