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May 1, 2014

Why I like St Peters in New South Wales

It has been a while since I finished writing the first edition of my book, ‘The Property Professor’s Top Australian Suburbs’ so I thought it was time to do some updating.
After a recent trip to Sydney, I added two more suburbs to my list of Top Australian Suburbs. First up is St Peters.


St Peters is about a 10-minute drive from the city. It’s a typical working-class inner-city suburb, in the very early stages of gentrification. Signs of this include modern apartments/townhouses replacing older homes, which range from the traditional period-style homes made of brick and stone or weatherboard, to homes which were originally built in the 1950s and 1960s. Parts of this area are quite industrial, with many large offices, warehouses and small factories, especially in the northern section of St Peters. This suburb isn’t as cosmopolitan as its better known neighbours, Erskineville and Newtown, but it’s being rejuvenated.

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February 17, 2014

Good call or bad call?

There have been recent some changes in real estate sales laws in South Australia and Queensland. Most changes have been for the better but there are some which are puzzling. You can make up your own minds as to whether it’s a ‘good call or bad call’.


An agent’s genuine estimate of the selling price is now restricted to a single figure. There will be no more ‘price over $500,000’or ‘$500,000 plus’. Good call – prospective purchasers are much clearer as to what the vendor really wants.

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January 21, 2014

What to expect in 2014

In my opinion, 2014 will be a good year for those that own property, as we will continue to see property prices increase around the country. There are a number of reasons why I am so positive about the property market.


Property prices move in cycles. It takes a number of years for the property market to move through one complete cycle.
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December 23, 2013

What’s all the fuss about?

In the past few weeks there has been some commentary in the media about our overheating property market. Most of these commentators have a narrow focus on the Sydney market and assume that the rest of the country is also experiencing a hike in property prices.


I think it’s time to take a reality check, keeping in mind two very important facts:
• Sydney is not the centre of the property universe.
• Most Australians don’t live in Sydney.

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December 9, 2013

The year that was

As 2013 draws to a close, it’s timely that we reflect on the year that was. Sydney is zooming ahead whereas Hobart is still languishing behind the rest of the country. Most capital cities are still below their previous peaks but the situation is far better than in previous years.


The below table summarises the performance of home values of all the capital cities to December 2013.
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October 21, 2013

This is not a property boom. That was property boom!

There are a few commentators who seem to be a little bit alarmist, as they confidently declare that we’re experiencing a property boom. I think these people need to sit down, have a cup of tea and just relax.


I understand that any increase in property prices is something to get excited about, especially when you consider we’ve seen property prices drop in recent times. But many of them must have short memories.
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September 16, 2013

How low did property prices go?

In my last blog, I stated that the worst was over so far as the property market was concerned. According to official figures, each capital city’s property market bottomed out in 2011-12 and in every case, prices are on the rise again.


I thought it would be timely to check out how bad the last ‘property bust’ was. I’ve highlighted the term property bust as straight after the GFC, there was no shortage of property bears – or someone who is pessimistic about property – and other so-called experts who said the property bubble was going to burst and property prices were to crash.
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February 18, 2013

The forecast for house prices and interest rates

There still seems to be a bit of doom and gloom about so I thought it was time I looked at the statistics to see whether the future looks bright or if it’ll be more of the same.


Firstly, let’s look at property prices. According to RP Data, home values fell 0.4 per cent across the combined capital cities in 2012. Some cities like Darwin, Sydney and Perth increased in value but the rest dropped in value. Read more →

November 12, 2012

South Australia – a magnet for property investors?

Many will think I’m writing this article because I live in South Australia, but if you’re interested in buying property in an area where the government is lending a helping hand to investors – not just first homebuyers – this might be the state for you.


To provide a boost to the construction industry, the SA Government recently introduced some incentives. They include a First Home Owners Grant of $15,000 for new homes, the elimination of stamp duty on new apartments built in some locations in or near the CBD (saving as much as $16,000) and the Housing Construction Grant (HCG) of $8500.

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July 30, 2012

Mid-year market update – including some good news

We’ve reached the halfway point of 2012 so it’s a good time to look at the performance of the residential property market so far. What’s happening with prices, auction clearance rates, vendor discounting and rental prices?


Using the most recent figures from RP Data, I’ve formatted several tables that give an insight into the state of property in Australia. The first table provides an overview of capital growth over the past three months, 12 months, five years and 10 years.

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