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 [...]
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: http://www.myrp.com.au/buyorrent 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 myrpdata.com [...]
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 [...]
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 [...]
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 [...]
Fewer long term visitors likely to result in less rental demand for student accommodation
Overseas arrival numbers to Australia have continued to decrease, continuing the downwards trend in the rate of population growth that first became apparent in early 2009. In the first quarter of 2009, total permanent and long term arrival numbers averaged about 71,000 movements/month. The October figures released this week show the monthly arrival figure has [...]
Evidence growing that rents and yield are on the improve
With property value growth flat over the September quarter and the market transitioning from a period of strong growth to relatively flat conditions, we have long expected that rental market activity would start to pick up. Data included within the RP Data-Rismark Home Value Index shows that the anticipated improvements in the rental market are [...]
Renting costs remain flat in capitals
RP Data recently released their quarterly Rental Review which showed capital city rental markets have remained surprisingly flat during 2010. The weakness in the rental market was widely anticipated, with more first home buyers becoming active it was logical that some heat would come out of rents (most first home buyers were previously renters). On [...]
- Dispelling the myths about our new Index methodology
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Negative gearing and its impact on the housing market
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There were 1,213,595 individuals with a negatively geared property over the 2010/11 financial year
