Empower Blog Property Market

Property Investor Commentary

Generalise the residential property market at your investment peril. Housing prices go up and housing prices go down as measured by average house price or median house prices data.  But there is no such thing as the average or median house or unit, or apartment or townhouse for that matter.  No dwelling is exactly the same as any other dwellin...

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Property Outlook 2010

If there is one thing that people are interested in it’s the value of property. We all enjoy it when the values of our property increases and it certainly makes for good media.  I don’t think there is a day that goes by without those current affair programs or the press talking about property—they love it when it goes up or down, just NOT wh...

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Will House Prices Slow Over the Longer Term?

I read with interest an article relating to a study by the Switzerland Bank for International Settlements, which indicated that house price growth may slow by up to 30% over the next 40 years due to Australia's ageing population.  The study highlighted that demographics factors resulting from the baby boomers pushed up Australian House Prices by...

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Market Softening a Good Thing

It’s with some relief that I report early signs of a softening in the Melbourne Housing market after a rapid run, where the median house prices grew by as much as 30% in the past 12 months. Increases of such magnitude are unsustainable over an extended period of time, which can lead to bubbles forming and we all know that eventually happens to bu...

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Property Prices Rise Again

December median prices are in and guess what; values are up again across the country.  In fact the Oct – Dec quarter saw some really big percentage increases in some states and their respective suburbs.  For those of you who have been reading our newsletters for the past couple of years, you know my position on this; I’ve been saying certain ...

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Home Prices on the UP & UP!

Australian home prices grew by 3.7% in the September quarter - the highest quarterly growth seen in six years, are the results being reported in Australian Property Monitors – Septembers Quarterly House Price Series Melbourne led the country with a 6.1 per cent increase over the June quarter.  The average house price in Melbourne was $487,249...

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State of the Property Market – Melbourne & Sydney

Congratulations to those holding property anywhere where the majority of sales are occurring via Auction, because your house or unit value is on the rise. Based on Property Market Activity its going to run pretty hard for the next 3 months, until interest rates increase from these record lows and market sentiment for property declines, but this is ...

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What’s happening in Easter this year?

A shortage of good property and increased interest from First Home Buyers leading up to the June 30 deadline for the Boost Package to lapse is making it hard going for both home buyers and investors in the ‘quality’ locations both in Melbourne and within all major Australian Cities. My comment is twofold this month: 1. Staying the course:...

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