Kai Talks

Kai Talks Property buying and finance simplified

08/04/2023

Australia pauses interest rate hikes. Will property prices soar!?

Property auction results (6 August 2022) (Source: Corelogic)Key observations: 1) National clearance rate 60%, much lower...
08/08/2022

Property auction results (6 August 2022) (Source: Corelogic)

Key observations: 

1) National clearance rate 60%, much lower than the same time last year (74%) 

2) Brisbane and Canberra are currently the worst performers (46% and 49% respectively), compared to their last year’s 71% and 89% 

3) Sydney cleanece rate went up to 61% from 56% last week 

Melbourne apartment rents jumped 34% in the last 12 months, with record low vacancy at 1% (Source: Corelogic, AFR).My th...
07/08/2022

Melbourne apartment rents jumped 34% in the last 12 months, with record low vacancy at 1% (Source: Corelogic, AFR).

My thoughts:

Demand will continue to increase. Young professionals and students are moving back to the CBD to enjoy the city lifestyle. Not to mention, new migrants and international students are yet to fully return, and they will return!

Supply will be limited. Rising construction costs and shortage of material and labour will stop/ postpone many apartment developments.

Apartment prices are still at reduced levels, in some cases near or below replacement cost. In some cases rental yields are looking attractive despite of rising interest rates.

13/06/2022

Buy undervalued property at market bottom? ONE thing you need to know now!

Address

Melbourne, VIC
3000

Website

Alerts

Be the first to know and let us send you an email when Kai Talks posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Featured

Share

Category