Category: Rent Out Property

The Latest CoreLogic’s Rental Market Update

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key takeaways

Key takeaways

Nationally rents were up 8.3% in 2023.

Growth in unit rents (10.2%) has outpaced the rise in house rents (7.5%) this year.

We can also see some significant differences across the broad regions of the country.

Rental growth across the combined regional areas of Australia slowed to 4.3% in 2023, the smallest calendar year rise since before the pandemic.

Considering we are yet to see any material response in rental supply, growth in rents is likely to remain above average in 2024.

Nationally, rents were up 8.3% in 2023a reduction from the 9.5% rise recorded last year

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North West Rental Growth Best in UK at 11% | Property News

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The Goodlord Rental Index shows a substantial 7.3% year-on-year rental growth in England during November. As a result, the average rent sits at £1,666 PCM.

Those statistics show the most significant rental growth percentage in the North West, rising 11% compared to last year.

Other notable rental growth regions include the East Midlands, North East, South West, South East and West Midlands – although no other region comes close to the North Westwhere cities like Liverpool and Manchester continue to attract tenants willing to pay premium rents.

Goodlord chief executive William Reeve said: “Whilst month-on-month patterns continue to follow

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Australian Property Market Outlook in 2024 – Forbes Advisor Australia

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Powell said this year’s growth cycle was in defiance of the 13 rate hikes enacted over 2022-2023 that brought the official cash rate to 4.35% by year’s end.

“What afterward unraveled over this past year was a reverse of expectations that defied logic—as a shortfall of housing supply collided with rapid population growth, a strained construction sector and the tightest rental market on record—and Australian property prices rose.”

She expects continued growth in house and unit prices into 2024 of between 5% to 7%, but warns of “an intricate dance of economic forces influencing the property price in Australia”. Upward

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Gold Coast property market predictions 2024 – House price & rental forecast

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  • Gold Coast’s housing market value is expected to increase by 4% in 2024.
  • The median value of a home on the Gold Coast sits at just over one million dollars.
  • The rate of the Gold Coast’s property price growth is likely to ease in 2024.

Revered for its stunning stretches of vast, sunny beaches and desirable lifestyle, the Gold Coast is an attractive real estate destination for investors and migrants.

However, the Gold Coast’s housing market, like the rest of the country’s, has seen a chronic shortage of new property stock.

Simply Gold Coast buyers agent, Tony Coughran, exclusively revealed

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Renters in every capital city are worse off as affordability in the regions deteriorates, the Rental Affordability Index shows

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If you’re living in a rental, it’s something you’re probably already painfully aware of.

Renters in every Australian capital city are in a worse position than they were before the pandemic, according to the latest Rental Affordability Index report.

Sydney remains the least affordable capital city in the country with a decline of 13 per cent in affordability, while Melbourne and Perth each recorded declines of 10 per cent.

The report, which compares incomes with median rents, shows that affordability in regional areas has continued to worsen.

“The main takeaway really is it’s now a national problem,” says Ellen Witte,

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Australia’s property prices rise by 8 per cent in 2023

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Australian properties prices surged by 8.1 per cent in 2023 but forecasts predict the stubbornly high cash rate will keep housing costs in check.

Corelogic’s latest housing report revealed housing prices continued to rise in 2023 but five of the eight capitals are still recording home values ​​below record highs.

In 2021, property prices soared by 24.5 per cent.

A record number of Australians are in mortgage stress.
Aussie property prices see an 8.1 per cent increase in 2023. (Adobe Stock)

Home values ​​miss record highs in 2023

December saw the smallest increase in property prices, just 0.4 per cent, which CoreLogic’s research director Tim Lawless attributed to rising

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When tenants stopped paying rent, Niagara landlord says he offered them $10K to leave. It didn’t work

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When Luz Romero heard about a rental property for sale a few years ago, she jumped at the opportunity to become a landlord.

She and her husband renovated the Niagara Falls, Ont., semi-detached home and attempted to build a good relationship with the tenants they inherited, she said.

The home has two rental units — one on the main floor, where one couple lives, and a basement apartment, home to a single renter.

When the main-floor tenants were late on their $1400-a-month rent payments a few times last year, Romero said she was understanding and gave them extensions.

But since

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Considering buy-to-let? Here’s why it’s a bad move at the moment

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For several years, buy-to-let has been a good choice for expats wanting to invest in the Netherlands. But a number of recent political decisions means that it no longer makes sense to do so, says financial advisor José de Boer from De Boer Financial Consultants.

One of the hottest topics in my mailbox at the moment is buy-to-let, or buying a house to rent out to other people as an investment. This has been, for good reasons, a popular phenomenon in the Netherlands for quite a while now. However, a number of developments in the housing market have made buy-to-let

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