Prospera Finance Latest Blogs
Where price growth for apartments will outpace houses in 2025
This four-bedroom mansion at 69 Wolseley Road, Point Piper, was among the most viewed properties online this year. Apartment values will increase at a faster rate than houses in Brisbane next year, fuelled by surging demand from home buyers priced out of freestanding homes, Domain predicts. And in Sydney, Perth and Adelaide price gains in [...]
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Upgraders dominate the housing market as prices slow
It’s an upgrader’s market with softer prices and more properties on offer. Dion Georgopoulos Upgraders have overtaken aspiring home owners as the most dominant force in the housing market for the first time this year, spurred on by the slowing price growth and rising stock, a new poll by CBRE shows. The share of home [...]
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Why new apartments don’t sell and old ones do
Go slow: developer Pace’s 313-unit project in Melbourne’s Coburg had 72 unsold apartments when it was completed in September. Eamon Gallagher When developer Pace completed a two-tower unit development in Melbourne in September, it had still 72 of 313 apartments unsold. The problem for the privately owned developer was that the apartments it was selling [...]
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House prices fall in 40pc of Sydney suburbs
House prices have dropped by as much as 9.7 per cent in some of Sydney’s premium suburbs as the downturn accelerates. Domain House prices are now falling across two out of every five Sydney suburbs, a five-fold increase from a year ago, and the highest level in 20 months, data from CoreLogic shows. The share [...]
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Buyers switch to apartments amid affordability crunch
Demand for apartments is set to rise amid worsening affordability, according to Domain. Dion Georgopoulos Demand for units is far outpacing supply across Sydney, potentially igniting a healthy increase in prices in the coming years amid worsening housing affordability, Domain’s new report shows. While houses are still the most coveted property type, Sydney buyers are [...]
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Housing market on the cusp of another boom
A new record: Sydney’s median house price rose to a new high of $1.65 million in the September quarter. Getty Australia’s housing market is on the cusp of another boom that will push prices even higher than Sydney’s new median house price record of $1,654,668 when rate cuts next year give potential buyers more funds [...]
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Australia is getting serious about the housing crisis
Premier Jacinta Allan is seeking to boost supply and ease the housing crisis. Chris Hopkins Australia is belatedly experiencing an outbreak in good housing policy. After decades of self-defeating demand-side policies such as first home buyer grants, attention has firmly turned to supply. While the residents of Melbourne’s bayside suburb of Brighton are protesting, the [...]
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Why now could be a better time to buy a house
Consumers expect interest rates to start to fall – or at least not rise any further – this year - Luis Enrique Ascui Prospective home buyers’ pessimism about whether the current moment is a good time to buy has dropped to its lowest level since the start of 2023. Consumers expect interest rates to start [...]
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How should you factor interest rate uncertainty into your investment portfolio?
It is a delicate balance trying to weather the interest rate storm. Photo: Vaida Savickaite With no one quite sure what’s going to happen with interest rates for the rest of 2024 and the start of 2025, it’s important to guard against indecision becoming the killer of good investment sense. That interest rate uncertainty should, [...]
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