2024 property market insights: lessons learned and trends to watch in 2025
As the market reflects on a tumultuous 2024, Michelle May, founder and principal of Michelle May Buyers Agents in Sydney, shares her insights on the trends that shaped the year and what's to come in the new year.
‘Asking for too much’: More property owners are failing to sell
Homeowners with boom-time price expectations are failing to sell, and more listings are lingering on the market for six months or longer, fresh data reveals.
Home risk you can’t afford to ignore
For those buying an apartment, the “shiny and new” nature of an Off The Plan development can be an attractive proposition – but it can also be risky.
Here are some of the most important things to consider before buying Off The Plan (OTP)
So owning a home long term is always lucrative? It’s not
Conventional wisdom says owning a property for a substantial period of time will ensure a profit on resale, but new analysis shows that isn’t always true.
Property price rises ease as new listings hit the market
Over the course of September home prices edged up by just 0.04% across the country, though that was enough to ensure that Australia's median home value rose to a record-high $792,000, according to the latest PropTrack Home Price Index.
‘Beyond your control’: dire homebuying reality
Apartments are growing in popularity among homebuyers as the affordability gap between units and houses widens. But when it comes to apartment hunting versus house hunting – there are a lot of differences to keep in mind
Secret horrors being hidden from Aussie homebuyers
While getting a Pest and Building report has long been considered a crucial step in purchasing a property, buyers agents are warning not all reports can be trusted.
What strategies to use this Spring if you are looking to invest
Spring, together with its predicted fresh crop of stock, is just around the corner, so when should investors start harvesting the new opportunities and what exactly should they be looking out for?
First home buyers are in an impossible position
The latest PropTrack data showing national house prices climbing to yet another record high - an annual growth rate of 6.79 per cent - comes as no surprise to those in the industry and hopeful first home buyers alike.
43k homes lost: suburbs investors are fleeing
Panicked landlords have been dumping their investments en masse after battling higher mortgage payments, with over 40,000 NSW rental homes turned into private housing over the last year
The importance of mindset when investing in property
Often, people spend more time working out which car to buy than what house to invest in. That’s mind-blowing when you think how many hundreds of thousands of dollars are involved.
Put yourself on high alert
Before you even attend an open home, make sure you do a whole lot of research
Is winter a bad time of year to sell your home? Or is it better to sell in winter?
For most buyers, winter can be an excellent time to inspect properties and make early bids.
Australia’s housing market reaches eye-watering new high
New data released Tuesday by the Australian Bureau of Statistics found the combined value of Australia’s 11,176,100 residential dwellings rose by $209.4 billion to $10.72 trillion in the first three months of the year, despite elevated interest rates and a cost-of-living crisis
More pain is ahead for first home buyers, and they know it
The great Australian dream of affordable home ownership has turned into a nightmare, the cost of living has gotten out of control, and market conditions have made it impossible for young people to achieve the sane milestones as their parents and grandparents.
The business owner who outsourced her fashion choices
I have people comment on my clothes all the time – in a very positive way – but it is usually followed by, “I couldn’t wear what you wear”. It’s like they don’t want to draw too much attention to themselves. I understand that, because for the longest time I also felt that way, even though my eye was always drawn to colour.
What to buy if you can’t afford a house
With the price of freestanding homes inexorably on the rise, would-be first home buyers, downsizers and property investors have two options: wait until they have enough saved to afford a house but risk the market running even further out of their reach, or buy an apartment.
The price of an extra bedroom is hitting home
The price of extra space has become prohibitive for some buyers amid the cost of living crisis, forcing them to move further out to accommodate a growing family.
Rising rates and real estate values push more parents to help out
Experts say many more mums and dads are handing over financial gifts, early inheritances or loans, while others are going guarantor for a child’s mortgage and some are jointly investing with their children to help them get started.
Sydney suburbs where there’s high risk of overpaying for homes
New research has indicated home prices are showing a strong probability of “peaking” in multiple markets spread across the city, raising the prospect of a price correction in coming months.