Win Square Finance I Ruban Sohana

13/07/2023

https://finance.yahoo.com/news/ruban-sohana-helps-hnwi-aussies-141000449.html

Based out of Bella Vista, New South Wales, the CEO's future goals include spreading the name and offices throughout Australia.

17/04/2023

Across , there’s been a reduction in the number of available over the past year, according to Research.

As a result, between March 2022 and March 2023, the (which is the percentage of untenanted rental properties) tightened from 1.2% to 1.1%.

During that 12-month period:

* Some cities experienced sharp falls in vacancy rates – Melbourne and Sydney
* Others actually experienced sharp increases – Canberra, Hobart and Darwin
* The rest were largely unchanged – Brisbane, Perth and Adelaide

But one thing common to all our capitals is that property have held the balance of power throughout the past year.

When the vacancy rate is under 2%, the city is a ’s . Anything above 3% is a ’s market, while anything in between those two figures is a balanced market.

16/04/2023

With the national rebounding, now is the perfect time to see how far prices in each city have fallen from their 2022 peak.

The answer is not much, when you compare how much prices grew in 2020-22 (the second column of the graph) with how much they’ve fallen since (the third column).

History suggests that property prices increase over the long-term, which means there are more months in which prices go forwards than backwards.

That said, as we look at these peak-to-trough numbers, some context is needed.

While the rose in March (by 0.6%), following 10 consecutive months of declines, it’s too early to say we’d reached the bottom of the . Also, even as the national price rose, prices fell in four individual cities (Adelaide, Hobart, Canberra, Darwin).

13/04/2023

Australia’s job is in a strong position, with the remaining at a very low 3.5% in March, according to new data from the .

This is close to the lowest unemployment rate Australia has had since 1974.

Unemployment varies from state to state, but is low throughout the country:

* ACT = 2.9%
* NSW = 3.2%
* WA = 3.6%
* Vic = 3.7%
* Qld = 3.8%
* Tas = 3.8%
* NT = 3.8%
* SA = 3.9%

13/04/2023

Most are ahead on their and only a tiny share of are failing to keep up with their , according to the .

As the graph shows, more than 60% of were at least three months ahead on their in December, while "almost half had buffers equivalent to more than a year".

The also found that the share of non-performing (i.e. those in which the is more than 90 days behind on their ) "remain around the lowest level over the past decade" and that "no are reporting a material increase" in non-performing loans.

11/04/2023

investors continue to enjoy strong growth, with hitting record levels in many parts of the country.

For the March quarter, capital city were at record highs everywhere except Canberra and Darwin, according to Domain.

In other record-breaking results:

* National rents were at record highs
* National unit rents were at record highs
* National house rents set a record for the most continuous quarters of growth (8)
* National unit rents set a record for the most continuous quarters of growth (7)

Domain's chief of research and economics, Nicola Powell, said the reason rents are growing strongly is due to a shortage of rental accommodation.

“This is happening Australia-wide, in capital cities as well as in regional Australia to different degrees. In addition, when we look at overseas migration into Australia, which has come roaring back, most temporary visa holders will want to find a rental and that’s going to weigh in over this year and next. So, the outlook looks really bleak,” she said.

10/04/2023

is failing to build enough new , according to the , which will put upward pressure on prices and .

Between 2023 and 2033, estimates that about 1.8 million new households will be formed, but 79,300 fewer new will be built.

As the graph shows, while home building (supply) is likely to exceed household formation (demand) in the second half of the that 10-year period, the opposite is forecast to occur in the first half.

That’s why, overall, demand is expected to increase faster than supply over the decade.

NHFIC says there are four main reasons for this supply shortfall:

* Rising construction costs
* Lack of serviced land
* Long lead times for building new homes
* Community opposition to new development

09/04/2023

The number of for sale continues to increase, meaning have an increasing amount of choice.

Research has reported that the number of property listings in March:

* Rose month-on-month in every capital city
* Rose year-on-year in every city except Perth

That said, listings numbers “remain well below long-term averages”, according to SQM.

It’s possible numerous potential are holding off selling until increase. Ironically, if that’s true, and a flood of new listings hit the at some point in the future, that would put downward pressure on prices, as higher supply generally means lower demand.

06/04/2023

There are five key takeaways from this analysis of and movements between February 2013 and 2023.

1. tend to enjoy higher long-term than units

2. Different grow at different

3. History suggests that prices grow handsomely over the long-term

4. Growth never occurs in a straight line – there are periods when fall or stagnate

5. When it comes to buying property, time in the is often a better strategy than timing the market

05/04/2023

For the second time in three months, have set a new record, according to the latest data from the .

$19.9 billion of loans in February, beating the previous record of $19.4 billion in November.

Refinancing volumes in February were 22.6% higher than the year before. Since that time, have increased significantly, prompting many to switch to home loans with .

Speak to a if you want a lower interest rate. Refinancing could potentially save you tens of thousands of dollars over the life of your .

05/04/2023

The has left the at 3.60%, ending a streak of 10 consecutive rate rises.

However, the signalled that at least one more rise lies ahead, as it aims to reduce from its current level of 6.8% to its target range of 2-3%.

"The Board expects that some further tightening of may well be needed to ensure that returns to target," RBA governor Philip Lowe said in a statement.

"The decision to hold steady this month provides the Board with more time to assess the state of the and the outlook, in an environment of considerable uncertainty.

"In assessing when and how much further interest rates need to increase, the Board will be paying close attention to developments in the global , trends in household spending and the outlook for inflation and the .

"The Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that."

03/04/2023

After falling for 10 consecutive months, the national median has rebounded.

The price of the median rose 0.6% month-on-month in March to $704,723, according to .

CoreLogic’s research director, Tim Lawless, said one reason for the price rise was reduced supply – relatively few properties are being listed for sale at the moment.

Another reason was increased – with conditions so tight and the population rising due to increased , more people are looking to make the shift from to .