Insights

Distressed Property Searches Skyrocket on realestate.com.au

Real estate searches on realestate.com.au suggest an increasing trend among buyers who are actively seeking distressed sales in the hopes of securing a bargain. However, their chances may be limited. Data from property searches indicates a growing opportunistic mindset among buyers, as they explore distressed listings that sellers want to offload quickly, ideally at a …

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Rental Crisis Deepens: Only 11% of Listings Affordable Nationwide

Securing an affordable rental in Australia has become an increasingly challenging feat, with a nearly 50% decrease in the number of properties listed for $400 or less per week compared to the previous year. This scarcity is exacerbated by a 15% rise in the national median weekly rent, climbing from $480 to $550, leading to …

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Rental Appraisals

A rental appraisal, also known as a rent appraisal or rental valuation, is an assessment of a property’s rental value in the current market. This process helps property owners, landlords, and property managers determine the appropriate rent to charge for their properties. How is a rental appraisal calculated? Calculating a rental appraisal involves several steps …

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Property Appraisals: A Comprehensive Guide

Property appraisals play a crucial role in the world of real estate, serving as a foundation for numerous transactions and decisions. Whether you’re buying, selling, refinancing, or just curious about your property’s worth, understanding property appraisals is essential. we will delve into the intricacies of property appraisals, exploring their purpose, differences from property valuations, accuracy, …

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Inflation Eases, RBA Nears End of Rate Hikes: A Silver Lining for Renters

As inflation approaches its post-peak phase, the Reserve Bank of Australia (RBA) is edging closer to concluding its series of rate hikes. This development could bring some positive prospects for renters, given the historical relationship between rent values and fluctuations in the cash rate. Typically, rent values tend to closely align with movements in the …

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Loan Commitments Signal Growing Confidence in Property Market

In May 2023, there was a notable surge in new loan commitments, which rose by 4.8% to reach a substantial amount of $25 billion. This upward trend indicates a growing level of activity among property buyers, despite enduring a staggering 12 interest rate hikes since May 2022. Among the various segments, investor lending experienced the …

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Gold Coast one of the least affordable places to rent in Australia

The Gold Coast is one of the most unaffordable places to rent in Australia. Essential workers have been pushed out of towns across Australia as rental price increases have outpaced pay growth, with the Gold Coast being the most expensive region in the country. Workers earning award salaries in 15 essential service occupations would need …

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