Steve Palise

The number of homes approved for construction in Western Australia was up 0.9% from January to February according to the latest data from the Australian Bureau of Statistics.   There were 1,488 dwelling units approved in WA in February across all sectors, up from 1,475 the month before.   The trend continued for the private sector which saw a 1.2% increase month-on-month, from 1,441 private dwelling units approved to 1,459.   WA is bucking the national trend where the total number of dwellings approved in February across all sectors dropped 1.9%.   #perth #property #propertymarket

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𝐕𝐚𝐜𝐚𝐧𝐜𝐲 𝐑𝐚𝐭𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐍𝐞𝐰𝐜𝐚𝐬𝐭𝐥𝐞 𝐚𝐧𝐝 𝐋𝐚𝐤𝐞 𝐌𝐚𝐜𝐪𝐮𝐚𝐫𝐢𝐞    Thanks to Suburbtrends for the vacancy rate insights in the graphic below.  This shows that over 50% of "suburb areas" have a vacancy rate of less than 1.0%, and some 90% of areas are under 1.5%. Theoretically, under 1% is considered high demand so this really does showcase the tight rental market at present.   𝘍𝘰𝘳 𝘵𝘦𝘯𝘢𝘯𝘵𝘴 this is not great news, but it does show where some of the harder and easier suburbs to rent right now could be.    𝘍𝘰𝘳 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 this highlights the very strong rental demand in the Newcastle and Lake Macquarie regions, and also the suburb areas where it should be easier to get a tenant.   Vacancy rate is just one parameter to consider when analysing an investment opportunity.  If you need help narrowing down suburbs and then sourcing and finding the best performing investment, please contact me nigel@nivaproperty.com.au or 0405 266 587.   #buyersagent #newcastlensw #lakemacquarie

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Looking forward to the construction and completion of this 2nd dwelling for our existing clients 👌 Successfully (took some time but we got there. Not all deals get approved in 2 days) approved and pending settlement. Site area: 711m2 Location: Endeavour Hills, VIC In one line valuation: $1,250,000 Total Loan Amount: $1,187,000 YES that is an LVR of 95% including of LMI Client previously paid LMI so we only needed to add the top up of the premium which saved the client 25k if we were to refinance. Quirks of the deal: - Builder, related party.✅️ - LVR 95% of property valuation. ✅️ - Needed the facility to be Interest only during construction. ✅️ - Proposed rental income off existing unit verified via full valuation. ✅️ #constructionfinance #developmentfinance #investmentloans #property #dualoccupancy #alwaysprovidingsolution #financemadeeasy

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Thinking of investing in property? Looking to buy your first home? Kickstart your research process with a free property insights report delivered straight to your inbox. What you will discover: ✅ Estimated property value ✅ Suburb trends and demographics ✅ Expected rental income and yield ✅ Sale price of similar properties Download your free report today: https://bit.ly/3S1OUeM #forandwithyou

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𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐆𝐚𝐢𝐧 $𝟓𝟗𝐊 𝐖𝐞𝐚𝐥𝐭𝐡 𝐁𝐨𝐨𝐬𝐭 𝐢𝐧 𝐅𝐘𝟐𝟒! Australian dwelling values have 𝘀𝗼𝗮𝗿𝗲𝗱 𝗯𝘆 𝟴.𝟬% 𝗮𝗰𝗿𝗼𝘀𝘀 𝗙𝗬𝟮𝟬𝟮𝟯-𝟮𝟰, adding a remarkable $𝟱𝟵,𝟬𝟬𝟬 to the median home value, now sitting at $𝟳𝟵𝟰,𝟬𝟬𝟬. 𝐉𝐮𝐧𝐞 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: - Dwelling values increased by 0.7%, contributing to a steady 0.5% to 0.8% monthly rise since February. - Despite high rates and cost of living pressures, tight supply levels are driving values up. 𝐂𝐢𝐭𝐲 & 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: - Perth leads the charge with a 2.0% rise in June, marking a 23.6% annual increase. - Adelaide (1.7% in June, 15.4% annually) and Brisbane (1.2% in June, 15.8% annually) also shine brightly. - Regional WA sees a 1.5% rise in June, with a 16.6% annual increase. - Melbourne and regional Victoria saw slight declines in June, but most regions are trending higher. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: - Strong demand, driven by interstate migration, particularly in WA and Queensland. - Severe shortages in listings in Perth, Adelaide, and Brisbane indicate high demand. For property buyers and investors, the resilience and growth of the housing market present exciting opportunities despite challenges. Don't miss out on these trends! #propertymarket #investmentopportunity #AustralianRealEstate #WealthBoost #homebuyers #realestatetrends #BrayePropertyBuyersAgency #corelogicdata

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We initially financed the purchase of this property located in Newport, VIC. Client used another security to get the maximum loan amount as it will be initially used as an investment property. Client then sold the other property and their existing bank refused to keep the loan at 80% of the remaining property forcing the client to further reduce the remaining loan. We have been able to successfully obtain formal approval at 80% of the valuation and re structure the existing loan. ✅️ A couple of challenges we were able to over come in our mitigating comments resulting in a formal approval without any further delays. Formal approval within 24 hours of lodging the application. - Ability to use rental income from other properties currently being constructed (2 units being built) - Ability to use rental income on the security property that is currently vacant as tenants left, so rental appraisal was sufficient. - Property to eventually be knocked down and a new property to be built hence the re structure in order for client to keep own funds and build without obtaining finance via the sale of another property. ✅️ #financemadeeasy #alwaysprovidingsolutions #knockdownrebuild #constructionloans #investmentloans

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THE A TO Z OF PROPERTY INVESTMENT – S – SUBDIVIDE Subdivision is the process of dividing a large property into smaller lots, each with its own title and ownership. This can be a great way to maximize the value of a property and generate significant profits over the long term. By subdividing a property, investors can potentially create multiple new properties, generating significant capital gain and cash flow. Additionally, subdividing can help investors take advantage of rising property prices and demand for new housing in high-growth areas. Of course, subdividing is not without its challenges, and there are many factors to consider before embarking on a subdivision project. These include zoning and planning regulations, site characteristics, and infrastructure requirements. The key to success is to work with a team of qualified professionals, including planners, engineers, and surveyors, who can help guide you through the subdivision process and ensure that your project is completed on time and within budget. With the right team and the right approach, it can be a great way to unlock the full potential of your investment and achieve long-term success. Reach out if you want to know more. #buyersagentbrisbane #buyersagent #propertyinvestment #propertydevelopment #development #subdivision #wealthcreation #wealthbuilding #realestateinvesting #financialfreedom

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Net wealth has doubled since 2012. The average Australian had a net worth of $598,000 at the end of March, based on the latest data from the Australian Bureau of Statistics. Average net worth is calculated by adding up all of our assets (such as our properties) subtracting all our liabilities (such as our home loans) and then dividing that net wealth equally among every Australian. Household wealth went backwards for parts of 2022, due to a downturn in property prices, but has since increased for six consecutive quarters. As the graph shows, net wealth has doubled since 2012, tripled since 2003 and quadrupled since 2001. Much of that wealth gain is due to the long-term increase in property prices.

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Thinking of investing in property? Looking to buy your first home? Kickstart your research process with a free property insights report delivered straight to your inbox. What you will discover: ✅ Estimated property value ✅ Suburb trends and demographics ✅ Expected rental income and yield ✅ Sale price of similar properties Download your free report today: https://bit.ly/3LhcKzt #forandwithyou

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Understanding Long-Term Trends in Australian Real Estate Australian property prices have consistently risen over the long term. According to ABS data, median house prices have increased by 5.4% annually over the past 42 years, with an annual growth rate of approximately 7.62%. This growth varies by state: Melbourne leads with 8.26%, followed by Sydney at 7.98%, Brisbane at 7.51%, Adelaide at 6.94%, and Perth at 6.29%. Hobart and Darwin, with 30 years of data, show growth rates of 7.29% and 5.84%. Long-term growth doesn't mean prices rise every year. After periods of growth, the market typically adjusts before rising again, known as the property cycle. Each state has unique cycles, and regions and property types have their own micro-cycles. Investors should consider both national and local trends. 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐟𝐨𝐮𝐫 𝐬𝐢𝐠𝐧𝐚𝐥𝐬 𝐨𝐟 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐩𝐫𝐢𝐜𝐞 𝐝𝐨𝐰𝐧𝐭𝐮𝐫𝐧𝐬: 1. Prolonged Economic Recession: Economic downturns reduce property demand. Currently, Australia's economy is performing well, with low unemployment and easing inflation. 2. Surge in Housing Supply: An oversupply of new homes can lower prices. Australia's housing supply is at its lowest in 11 years, suggesting upward pressure on prices. 3. Increase in Distressed Assets: Forced sales from loan defaults can increase supply and lower prices. Nationally, distressed property sales are declining, indicating stability. 4. Rising Mortgage Delinquency Rates: Higher delinquency rates reduce buyer confidence and demand. Current data shows repayment rates are above historical averages, with a slight recent increase. While there's no clear sign of a widespread downturn, regional differences persist. Investors should avoid weaker markets and focus on stronger ones. ✨Stay informed. Make wise investment decisions! Like, comment and share with your network! Keep an eye out for more valuable insights in my upcoming posts. Until then, happy investing! 🏡

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Do you understand what drives the Australian Housing Market and your property wealth? The Supply Fundamental of Established Supply #timbuyersagent #brickstowealth #buyersagent #buyersadvocate #financialfreedom #wealthcreation #passiveincome #propertyinvestment #investmentproperty #investment #property #propertytips #buyingproperty #realestate #australianrealestate #investorkit

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𝐓𝐡𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚'𝐬 𝐒𝐭𝐚𝐭𝐞 𝐁𝐨𝐮𝐧𝐝𝐚𝐫𝐢𝐞𝐬 The history of Australia's state boundaries is a fascinating journey of political and administrative evolution. This series of maps illustrates how the continent's internal divisions have changed from 1788 to after 1911, reflecting the growing and shifting needs of the population. 𝟏𝟕𝟖𝟖: 𝐓𝐡𝐞 𝐄𝐚𝐫𝐥𝐲 𝐃𝐢𝐯𝐢𝐬𝐢𝐨𝐧 In 1788, Australia was divided into just two large areas: New South Wales covered the entire eastern part of the continent, while the western part remained undefined. 𝟏𝟖𝟐𝟓: 𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐄𝐦𝐞𝐫𝐠𝐞𝐬 By 1825, the western part of the continent was officially recognised as Western Australia, while New South Wales continued to cover the east. 𝟏𝟖𝟑𝟔: 𝐓𝐡𝐞 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐒𝐨𝐮𝐭𝐡 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 In 1836, South Australia was established as a new colony, carved out of the central southern part of New South Wales. This marked the beginning of more granular administrative divisions. 𝟏𝟖𝟓𝟏: 𝐕𝐢𝐜𝐭𝐨𝐫𝐢𝐚 𝐢𝐬 𝐁𝐨𝐫𝐧 The discovery of gold and increasing population led to the creation of Victoria from the southeastern part of New South Wales in 1851. South Australia maintained its boundaries, but the need for more localised governance was becoming clear. 𝟏𝟖𝟓𝟗: 𝐐𝐮𝐞𝐞𝐧𝐬𝐥𝐚𝐧𝐝 𝐒𝐞𝐩𝐚𝐫𝐚𝐭𝐞𝐬 By 1859, Queensland was formed from the northeastern section of New South Wales, further subdividing the continent to better manage growing settlements and economic activities. 𝐀𝐟𝐭𝐞𝐫 𝟏𝟗𝟏𝟏: 𝐌𝐨𝐝𝐞𝐫𝐧 𝐁𝐨𝐮𝐧𝐝𝐚𝐫𝐢𝐞𝐬 After 1911, the final major changes occurred with the establishment of the Northern Territory, previously part of South Australia. This period solidified the boundaries of Western Australia, South Australia, New South Wales, Queensland, Victoria, and Tasmania, creating the states we recognise today. 𝐶𝑜𝑛𝑐𝑙𝑢𝑠𝑖𝑜𝑛 These maps highlight how Australia's internal borders have evolved in response to economic, demographic, and administrative needs. Understanding this evolution offers valuable insights into the country’s development and the foresight of its early leaders in managing such a vast and diverse landscape. #realestateeducation #propertyinvestors #australianproperty #investmentproperties #australianmarket

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Federal Budget Report 2024/2025 The Australian Federal Government's 2024-25 Budget looks to balance cost of living relief without stoking inflation. It marks a significant milestone, achieving back-to-back surpluses for the first time in almost two decades. This year’s budget allocates $11.3 billion for housing, including $9.3 billion for social housing and homelessness, $1 billion for crisis and transitional accommodation, and an additional 10 per cent increase in Commonwealth Rent Assistance. These measures will help boost the supply of homes over the medium term. While the plan is multifaceted, focusing on several key areas to achieve its goals and supported by a $90.6 million construction workforce package, we are still lacking a more immediate solution to increase the supply of new homes. Overall, the markets remains largely unchanged. What remains to be seen is whether the government has effectively aligned its fiscal policy with monetary policy to prevent fuelling inflation and potentially prompting further rate hikes by the RBA - meaning that the rates remains the same; steady through 2024 with a potential cut at the start of 2025. To delve deeper into the impact of the 2024-25 Federal Budget on the real estate market, download the full report: https://lnkd.in/eJPhxD3N #ljhooker #federalbudget #realestateaustralia

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🏡 Exploring Investment Potential: Evaluating the Pros and Cons of Building Granny Flats With Australia's rental crisis persisting, many are considering the viability of granny flats as a solution. These additional dwelling units, typically located in the backyard of existing properties, have gained attention as a means to increase housing stock and address affordability challenges. While laws governing granny flats vary across states, they remain a topic of interest for property investors nationwide. Lately, I've received inquiries from clients weighing the option of constructing granny flats on their investment properties. The allure of generating additional rental income to offset expenses and navigate changing interest rates has sparked curiosity. As investors seek to maximize cash flow and rental returns, alternative strategies such as dual key properties have also emerged as popular options. 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐠𝐫𝐚𝐧𝐧𝐲 𝐟𝐥𝐚𝐭 𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐬 𝐚𝐧 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐭𝐨 𝐞𝐧𝐡𝐚𝐧𝐜𝐞 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐯𝐚𝐥𝐮𝐞, 𝐚𝐤𝐢𝐧 𝐭𝐨 𝐚𝐝𝐝𝐢𝐧𝐠 𝐚𝐧 𝐞𝐱𝐭𝐫𝐚 𝐛𝐞𝐝𝐫𝐨𝐨𝐦 𝐨𝐫 𝐫𝐞𝐧𝐨𝐯𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐤𝐢𝐭𝐜𝐡𝐞𝐧. However, compared to other investment avenues like dual-key properties or subdivisions, the return on investment from granny flats may be more modest. Despite potential cost savings, such as avoiding extensive renovations or land subdivision, the overall impact on property value may vary. In summary, the decision to build a granny flat comes with its own set of pros and cons. On the positive side, it offers the potential to increase rental income and property value while providing additional living space. However, investors should carefully consider factors such as construction costs, regulatory requirements, and the potential impact on property resale value. Ultimately, whether granny flats align with your investment goals depends on your individual circumstances and strategy in the real estate market. Engage by liking, commenting, and sharing with your network! Keep an eye out for more valuable insights in my upcoming posts. Until then, happy investing! 🏡 ✨ #PropertyInvestment #GrannyFlats #RealEstateInsights

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