Infinite

Australia’s most in-demand suburbs are not the usual hotspots, reveals analysis by PropTrack. Homebuyers are now shifting their searches to emerging areas that offer a more affordable lifestyle. REA Group senior economist Paul Ryan analysed views per online listing to identify locations gaining popularity compared to last year. The most sought-after suburb for houses is Viveash, about 16 kilometres east of Perth CBD, where demand has surged 163% from last year. Following closely is Lochinvar in New South Wales, up 101%, and Cardup in Western Australia with an increase of 92%. In Queensland, searches for Shoal Point are up 86%, while in South Australia, Crafers has seen a 55% rise. East Bairnsdale in Victoria has also gained traction, with a 43% increase in searches. Ryan attributes this trend to a surge in new listings throughout the spring selling season. "New listings rose 20.9% nationally in October month-on-month and are up 14% year-on-year," he says. He expects the property market’s momentum to carry into 2025, adding, “When interest rates start to fall, we’re likely to see even more buyers entering the market.”

Get your finances in sync! 🤑📊 Want to KEEP more of your hard-earned money? Learn how to SAVE BIG on taxes with the Chain Reaction strategy! 💰💡👇 #FinanceTips #TaxSaving #MoneyManagement #FinancialFreedom #WealthBuilding #SmartInvesting #TaxStrategy #FinancialGoals #SaveMoney #timguest #infinitewealth

What’s the first thing you think of when you think about money? Does contemplating your financial status make you anxious, or does it excite you? The most fundamental part of building wealth begins, not with your bank balance, but with your mindset. You have to shift your mindset from scarcity to abundance. When you get that right, you can completely change your financial trajectory. And, let’s be clear: it’s not all daisies and ignoring your financial reality when you adopt an abundance mindset. It’s more about seeing opportunities where others see obstacles. It's about believing in your ability to create wealth, rather than waiting for it to come to you. This shift in perspective is your first step towards real financial growth. #TimGuest #InfiniteWealth

Property buyers are no longer waiting for interest rate changes and are preparing to re-enter the market, according to the APIM Q3 Property Sentiment Report. The report shows that the proportion of buyers adopting a “wait and see” stance peaked at 39% at the end of 2023 but has now dropped to just 22%. Residential property remains the dominant sector, making up 34% of transactions, while commercial property is growing, with over one-fifth of respondents now active in this space. Investors are leading the charge, representing 63% of those planning to buy in the next 12 months—a 10% increase from the previous quarter. The latest Mortgage Insights report from Money.com.au reveals that new investor loans have risen by 19% over the past year. According to home loans expert Mansour Soltani, Western Australia has led the 2024 market, but Victoria is “hot on its heels.” “My prediction for 2025 is that as interest rates drop, buyer activity will increase in the Eastern states—NSW, VIC, and QLD. Meanwhile, Western Australia and South Australia, now nearing market saturation, may begin to stabilise.”

Despite post-Covid challenges like rising construction costs and delays, new data shows that buyers are increasingly turning to new-build homes. According to REA Group’s 2024 Property Seeker Report, 48% of homebuyers in South Australia have bought or are considering buying a new home in the past year. In New South Wales and Victoria, the figure is 42%, while 40% of buyers in Western Australia and 36% in Queensland are also leaning toward new builds. First home buyers are especially drawn to new properties, with more than half (51%) either buying or considering a new home. Government incentives aimed at new builds are providing these buyers with additional financial benefits. The report also highlights that falling home prices, particularly in Melbourne, are making the market more appealing to first-time buyers. In South Australia, 63% of first-home buyers opted for a new build, followed by 52% in Western Australia, 51% in New South Wales and Victoria, and 48% in Queensland. The top suburb for first-home buyers searching for houses is Tarneit, Victoria.

🚀 Need a smarter way to do your taxes? Watch this to flip your accounting strategy! 📊💸 #TaxTips #AccountingHacks #SmartFinance #TaxStrategy #FinancialAdvice #FuturePlanning #TaxSavings #MoneyMatters #timguest #infinitewealth

What is financial freedom, after all? Many people view it as a mythical, intangible concept. It’s not. Financial freedom isn't just about accumulating wealth. True financial freedom is about creating a life where money serves your goals and not the other way around. Throughout my journey of life, true wealth comes from understanding your relationship with money and aligning it with your values. True financial freedom is about making informed decisions, taking calculated risks, and continuously educating yourself. Financial freedom is a journey, not a destination. #TimGuest #InfiniteWealth #FinancialFreedom

Despite high interest rates and cost of living pressures, property markets across Australia continue to show remarkable resilience, according to the latest update from the Property Investment Professionals of Australia (PIPA). The update reveals that Perth, Adelaide, and Brisbane are finishing the year with double-digit dwelling price growth, with this strong performance expected to continue into 2025. While Sydney prices have hit record highs, PIPA Chair Nicola McDougall notes that Melbourne’s market remains sluggish, largely due to anti-investor rental reforms. Terry Ryder, Managing Director of Hotspotting, says Queensland has been one of the strongest performers in recent years, now leading the nation in real estate transactions, both for homebuyers and investors. Bryan Ong, Director at Rise High Investor, adds that Adelaide’s market is continuing its positive growth trajectory. Meanwhile, Glenn Biggins, Mortgage Broker at Focus Property Wealth, highlights that Perth’s property market has outperformed the rest of Australia in September, although there are signs it may have peaked.

House prices have cooled globally over the past five years, but Australia’s real estate market has defied the trend. New analysis from independent research group PAR Group reveals that from 2019 to 2023, Australian house prices grew 14.1% more than those in comparable global markets. The study examined housing markets in Australia, the US, Canada, the UK, and New Zealand, finding that Australian property prices rose 45.8%, while the global average increase was just 31.7%. Australia was the only country with positive annual house price growth in 2023, as demand surged, causing major supply shortages. In fact, Australia faced a shortfall of 89,000 homes in 2023. PAR Group attributes this imbalance to the gap between rapid population growth and housing completions, predicting continued demand growth, especially in coastal and lifestyle areas popular with remote workers. Although house price growth has eased in 2024, PAR Group noted that “actual and expected cuts to mortgage interest rates” could drive another spike in housing demand, further intensifying the supply-demand gap.

Rental vacancy rates in Australia have eased slightly, and rent growth is slowing. CoreLogic reports that the national vacancy rate sits at 1.8%, up from last year’s record low of 1.4%. SQM Research also shows a slight increase, with the national vacancy rate now at 1.2%, compared to 1% a year ago. CoreLogic economist Kaytlin Ezzy notes that while rents are still rising, growth has slowed, with rents up 5.8% compared to 9.6% two years ago. “Rental growth has eased significantly from the height of the rental crisis,” Ezzy says. SQM Research managing director Louis Christopher predicts vacancies will increase in the coming months as university students finish their studies and leave rentals, likely easing advertised rents. Ezzy adds that the return of investors is helping boost supply. Investors now account for 38.3% of new financing, surpassing the decade average of 33.8%.