As the market-shock sets in after a higher than expected 50 basis-point rate hike, the steepest hike in 22-years, borrower’s anxiety are now in full motion as expensive mortgages and loans come into fruition. How much more pain do the borrowers have to endure until reprieve? (more…)
In the past week, the much anticipated rate hike materialised, and as expected there was an increase of 25 basis-points taking the offical cash rate to 0.35%. This is the highest since the start of the pandemic in March 2020, when the cash rate was sitting at 0.5%, before quick rate-cuts in succession brought it to a standstill 0.1% for the past 24 months. (more…)
A lot is to be uncertain about recently with the current global landscape. Political conflicts and inflation scares are two of the primary factors driving the fear narrative worldwide. With growth in the Australian real-estate now slowing to a more steady and sustainable pace, what should we be looking out for in the market to better prepare for what is coming? (more…)
The latest round of geo-political developments in the world has thrown chaos into the global financial and asset markets. As volatility increases in all sorts of unpredictable directions, the global supply chain has been increasingly straining due to various compounding factors. What is to come for the Australian property market? (more…)
First-home buyers have had it tough in the market in the last few years, with endless increases in prices across Australia. The relentless uptrend has left many first-home buyers struggling to keep up with finance and deposit requirements. Are we going to see reprieve in 2022? (more…)
In COP26 earlier this year, the world leaders came together and agreed on the way forward for a more sustainable future, together with initiatives that governments and countries around the world is committing to follow. Even though the initiatives are far-reaching and out of any individual’s direct scope, we must all take part and pull our own weight in order to collectively reach the ambitious targets that have been set for years to come. (more…)
As Australia continues to experience waves of growth in the property market quarter after quarter, there are finally signs of market fatigue with the rate of growth plateauing and showing sluggishness. With an inevitable rate hikes on the horizon, is it finally time for real estate to cool off? (more…)
With China’s Evergrande making global headlines in the last months, we have experienced a rush of market sentiment change, uncertainty and volatility. What does this all mean for the Australian real-estate market, and what kind of volatility can we expect in the near future? (more…)
As Australia cements its most successful quarterly gains in history, many are left asking the question of when the peak is in and if a sizeable correction may occur. It is illogical for any market to go up in a straight line, however the market can often stay irrational for longer than generally anticipated before the inevitable happens. (more…)
With over half the population under lockdown restrictions across multiple states in Australia, the outlook is grim for the rest of the year as the crisis deepens across all business sectors. Victoria has now crossed a grim milestone of 200 lockdown days since the beginning of 2020. As resilient as any business or industry can be, it is impossible to be immune to such a globally catastrophic event. (more…)
In our last article, we discussed the impending supply chain crisis and how that can start to cause major havoc and disruptions to many sectors, in particular the construction industry. The rippling effects of the supply chain disruptions are now well underway with many builders feeling the painful pinch of having to honour fixed price contracts whilst basic materials such as timber skyrocket in prices. (more…)
We are at crossroads and within an arm’s length to falling off a cliff towards the disparity between supply and demand of raw materials. The stimulus-fuelled demand for real-estate and straining supply chain as disruptions continue to pose challenges globally is coming up to an almighty squeeze as raw materials are being depleted at a rapid rate. This will have a significant impact on various industries with the construction industry being the centre-piece of the crisis. (more…)
Crossing paths with tradies is unavoidable, whether you are actioning renovations or building a new house. How to find and identify a good one is another story altogether. Let us explore and share some useful tips on how to identify and tell which ones are better fit. (more…)
Government support packages have swiftly come and gone. Jobkeeper is now a thing of the past as mortgage deferrals are unwinding. House prices are rising at its fastest rate since 1980’s. What does the future hold and what factors could make the Australian property prices boom or bust? (more…)
All eyes are on the surging property prices as end is in sight for various government support packages and the mortgage freeze scheme provided by banks. Will this positively or negatively impact the heated property markets in the short to medium term? (more…)
As Australia enters the stabilisation phase with stimulus coming to an abrupt end in the end of March 2021, the property markets in Melbourne and Sydney are set to propel forward with likely gains of 10-15% in 2021 and 2022. What exactly is pushing the property prices in major cities higher, and is the growth sustainable? (more…)
As we finally farewell the nightmarish 2020 and welcome an optimistic looking 2021, there is much uncertainty both in the domestic and global economy. The pandemic is very well still in full-swing, as countries take cautious steps towards a new norm. (more…)
As we approach a COVID-normal summer in Australia whilst the rest of the world struggles to contain their winter outbreaks in the northern hemisphere, the chances of Australians having a COVID-normal Christmas is increasingly likely thanks to our brutal but effective suppression strategy. This also means that businesses in the building and construction industries are beginning to go back to semi-normal operations, after a year like no other in recent history. (more…)
Victoria has been experiencing consecutive donut days for the last 2 weeks, as restriction easing continues on target for a COVID-normal Christmas by year end. New found freedom in Victoria coupled with recent RBA rate cut sees a big boost in the property market, construction industry and renovation activity. (more…)
As Australians are dragged through a pandemic-induced recession in Australia, the housing market and sentiment has roared back into a strong rebound off the back of the recently announced federal budget. (more…)
As Victoria ease out of lockdown with extreme caution, the outlook and sentiment is somewhat confused and contradictory. Whilst house prices in Melbourne have softened by average of around 5% in the last quarter, many affordable pockets around greater Melbourne have surged in demand and pricing, due to its relative affordability. (more…)
As we edge past the 2-week mark of the Stage-4 Melbourne lockdown, it is draining and extremely challenging for both businesses and everyone psychologically. Stage-4 restrictions allow for constructions to continue in a restricted manner, whilst all non-essential businesses are to be shut down and employees to work from home if possible. (more…)
As we descend into another lockdown period of 6-weeks with the Pandemic looking like it will get worse before it gets better, many of us are left grappling what other surprises the remainder of 2020 will throw at us. The inevitable financial cliff at the end of September is just one of the things on everyone’s minds. What kind of position are you in? Do you have financial stability to be able to take advantage of downturn round 2? (more…)
As Australia officially sinks into recession for the first time in 29 years, the impacts of the Coronavirus Pandemic has well and truly affected every single one of us. The government’s attempt at stimulating the economy is somewhat working, however the government can only do so much and preventing a recession is not always possible. (more…)
Australia’s economy has been incredibly resilient since the last recession which happened in the early 90’s. However, as the outlook becomes increasingly grim, how prepared are you? (more…)
The month of February 2020 has seen drastic developments to COVID-19, already leaving in its trail losses in the billions of dollars in global stock market value, businesses and supply chains. As we inch closer towards a pandemic, the Coronavirus could end up costing the global economy trillions in lost income. (more…)
The year 2020 starts off spectacularly with the Coronavirus and the Australian Bushfires in the spotlight. How exactly these events will impact the economy both domestically and globally are still to be seen. (more…)
With the arrival of 2020, we brace for another eventful yet exciting year ahead. The year of 2020 will see some of the interior trends stay and mature while others move out of fashion. Below are some of top trends to watch for this year, whether you are building a new home or renovating an existing space. (more…)
From both a global and domestic perspective, we’ve experienced one of the most whirlwind and eventful years of late. (more…)
The recent trending of the matte black range in homes is undoubtedly one of the slickest we have seen. (more…)
With yet another rate cut from RBA to an official cash rate of 0.75%, there are strong indications that the OCR may eventually reach 0%.
As more signs point to an inevitable corporate debt recession, there is a lot of stir-up around the world including trade-wars, protests and legislative changes all of which will have rippling effects on the global economy.
As the property market face turmoil in the recent times, we turn our attention back to how you can make your home a space for relaxation and rewind.
Another month and yet another RBA rate cut. In addition to the rate cut the government has also announced a tax cut applicable for most income earners. (more…)
After an unchanged official cash rate since 2016, the RBA has just announced a rate cut of 25 basis points.
What does this mean for you? The answer is, it is good news for most. Whether you are a business, real-estate agent, exporters or property owners, the rate cut will put extra cash savings back into your pocket. Although with a rate drop it may improve housing affordability, it will not make a huge difference as prices has already been on a down-wards trend.
Whilst the rate drop may stabilise the real-estate economy, it still makes selling in the immediate future grim due to how much prices have dropped already in the last 24 months. The extra cash savings however will produce a nice buffer and extra budget to action more of those renovations that are months or years overdue. What better time to do renovations than when:
– You have extra cash savings from your existing mortgage due to the rate cut
– Contractors have a lot more availability due to the current housing down-turn
– House prices are slowly stabilising however are still in a dipped state
As with every change, there are always losers. In this case, the savers who has cash in a savings account will be feeling the rate cut in a negative way. Property prices stabilising may also spell trouble for First Home Buyers in terms of affordability especially in major cities like Melbourne and Sydney where current prices are already out of reach of many.
As we approach the tipping point of what looks like a recession, one may wonder why it is the prime time to do a renovation, or how the 2 are even linked. (more…)
Everyone stands to gain in the long run with the wage and personal income tax cuts being the core focus of the 2019 Australian Federal Budget. (more…)
As we are closer than ever to hitting a recession and house prices tumble further, it is a wise choice to line-up a home renovation and here’s why.
As pollution increases and our planet’s health becomes an increasing concern, we all strive to do our part in improving the condition of the planet we call home. (more…)
As we move swiftly into 2019, another year comes together with all the new year resolutions that we promise ourselves to embark on between now and 2020. 2019 is going to be an interesting year for all of us, with much happening around the world.
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