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Results from the RP Data – Nine Rewards Survey of housing market sentiment

Is now a good time to buy a property or home? 74% of respondents believe now is a good time to be buying property. While the results show the vast majority of those surveyed think the timing to purchase a home is good, the results are a reduction from our May 2013 results where 80% [...]

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Investors and upgraders continue to power the housing market

An ongoing theme in the recent increase in housing market activity has been that it has largely been driven by investors and upgraders rather than the first home buyers.  If you recall, it was first home buyers that led the market recovery back in 2009. The surge in first home buyer activity saw this cohort [...]

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Where is it more affordable to pay down a mortgage than a landlord?

Today RP Data released an update to their Buy versus Rent report which provides a suburb by suburb summary about the standard costs associated with servicing a mortgage compared with paying rent. Before everyone starts pointing out that the analysis doesn’t include the costs associated with a property purchase and ownership (stamp duty, conveyance, rates [...]

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The destruction and gradual reconstruction of rental yields in Australia

Looking at the historical growth cycle of capital city rents and value growth, it has been quite a rare occurrence for weekly rents to outpace dwelling values for growth.  In fact, since 1996 there have been only two periods where weekly rents significantly outpaced dwelling values.  The first of these occasions was during the GFC [...]

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Consumers more optimistic about Australia’s housing markets in 2013

Consumers more optimistic about Australia’s housing markets in 2013 Last week Nine Rewards and RP Data undertook our second housing market sentiment survey.  The first survey was in October last year and we intend to run the survey every three months.  The results were stronger than I expected, in the sense that only a very [...]

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Negative gearing and its impact on the housing market

In its most simplistic form, negative gearing for investment housing allows investors to deduct their losses against their personal taxable income.  These losses may occur when the investor incurs costs such as interest on a home loan as well as maintenance and other small expenses on an investment property. However, it is important to note [...]

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Where is it more affordable to buy compared with renting? Some practical usage scenarios.

Get the complete and complimentary ‘Buy v Rent’ report and spreadsheet here: This week RP Data released the Buy versus Rent report.  The report turned out to be more popular than we expected – the number of people trying to download the free report and Excel spread sheet overloaded the servers that run the [...]

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What makes for the more popular investment: units or houses?

Nationally, 58% of flats, units and apartments are owned by investors. That is quite an amazing statistic, especially when you compare that with detached houses where only 21% are investor owned. Across the capital cities the proportions are even higher. Darwin tops the list with 70.6% of all units being rented followed by Brisbane where [...]

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Which Australian suburb is most popular with investors?

Based on figures from the 2011 Census, the proportion of dwellings which are rented has remained fairly consistent across Australia over the past decade.  Rented dwellings comprised 27.6% of all occupied homes back in 2001; ten years later the proportion had risen by only slightly more than one percentage point to 28.7%.  The Census data [...]

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Is the tide starting to turn for the Perth housing market?

Well… not yet based on the fact that home values are still falling, but the underlying fundamentals are starting to look much better compared with other capital cities.  Perth home values have recorded the weakest results of any capital city, down 7.1% over the year to April 2011 (which also equates with the peak to [...]

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