Negotiating the best purchase price for a property is part studiousness, part guesswork and a healthy dash of poker acumen.
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Australian Property Investor Magazine
Prospective buyers continue to line up in unprecedented numbers at home opens in Brisbane, prompting agents to extend their openings as the elevated demand for properties pushes the median house price to a record high.
The Reserve Bank is holding firm and reiterated that it does not anticipate hiking interest rates until 2024, as analysts suggest that Australia’s rising house prices may force the central bank’s hand sooner than anticipated.
Investment lending has risen to its highest point in four years as housing finance overall hit another all-time high, sparking concerns over affordability and a possible housing bubble.
Australian house prices rose at their fastest rate in nearly two decades in February, with 2.1 per cent growth for the month the biggest monthly change since August 2003.
Price growth for luxury properties in Perth, Gold Coast and Brisbane outpaced the bigger cities in 2020, with demand for prestige homes continuing to be boosted by the return of expats.
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