Vimol Kogar’s Post

🌟 Adelaide: The next million dollar city Exciting times ahead for Adelaide’s property market! Here are the key highlights from the latest Domain Forecast Report for the financial year 2025: 🏠 House Price Growth: -Adelaide is set to see significant house price increases, forecasted to rise between 7% to 9%. -By the end of FY25, median house prices are expected to reach between $965,000 and $984,000. -Adelaide is on track to become a million-dollar city by the end of 2025! 🏢 Unit Price Growth: -Unit prices in Adelaide are also on the rise, with an expected growth of 4% to 6%. -This will bring unit prices to a new record high, ranging between $509,000 and $519,000. -Adelaide is poised to be one of the top-performing unit markets alongside Sydney and Brisbane. 📈 National Trends: -Australian home prices are forecast to rise, albeit at a slower pace compared to previous years. -Constrained supply, high construction costs, and strong migration will drive property prices up across most cities. -Homeowners and renters alike are feeling the pressure from high interest rates and low vacancy rates. 🌏 Capital City Highlights: -Sydney, Brisbane, and Perth are expected to lead price gains, with record-high house and unit prices by the end of FY25. -Melbourne and Canberra will see more moderate growth, with Melbourne’s unit prices projected to grow faster than houses.

Local Home Values in Cyprus Cypriot housing market is at a crossroads. A recent influx of foreign capital has spurred price appreciation while simultaneously raising affordability issues among homebuyers in Cyprus, possibly diminishing demand until an equilibrium pricing solution can be reached; an meaningful drop in prices could ease affordability concerns for local families and thus revive demand long term. Local Home Values in Cyprus Cyprus's real estate market is heavily concentrated in luxury residential properties and coastal cities like Paphos and Larnaca, particularly luxury coastal cities like Paphos. Over recent years, average sales and transaction values for Cyprus' most desirable properties have seen price appreciation reaching record heights; this phenomenon can largely be attributed to an influx of cash-rich European and Asian investors seeking Mediterranean lifestyles as well as EU residency options. As global economic problems escalate, investors have tightened their purse strings. As a result, liquidity constraints have created a unique two-tier real estate marketplace; one where local buyers with limited purchasing power or mortgage financing struggle to maintain affordable housing in sought-after neighborhoods; while well-heeled domestic and foreign buyers are able to purchase premium segments of the market. Analysts forecast that Cyprus property market will experience short-term declines and consolidation as its domestic economy recovers from recent economic slowdown. With industry cycles being so cyclical, another upswing should follow eventually if needed; should any correction occur, local governments and real estate developers must implement innovative strategies in order to bolster investment activity while maintaining stability. Cyprus property prices have seen steady increases over the last decade, yet rents remain relatively steady. This stability can be attributed to second homes being popular choices among renters as opposed to them being their sole source of revenue; and because Cyprus boasts an abundant supply of quality rental apartments and houses. Cypriot taxes on real estate transactions depend on the type of property purchased and its purchase price; typically these taxes include buyer's stamp duty as well as registration and transfer fees, so it is crucial that potential homebuyers work with an experienced real estate professional when creating a budget for purchasing their dream home in Cyprus. Cyprus offers visitors an alluring combination of crystal-clear waters and centuries of cultural treasures that will delight those seeking sun and sea. Take in its beauty by visiting Ayia Napa's Museum of Underwater Sculpture or Tombs of the Kings which contain ancient tombs that shed light onto this captivating nation's rich past. [email protected] https://lnkd.in/djKbwJFi

Local Home Values in Cyprus Cypriot housing market is at a crossroads. A recent influx of foreign capital has spurred price appreciation while simultaneously raising affordability issues among homebuyers in Cyprus, possibly diminishing demand until an equilibrium pricing solution can be reached; an meaningful drop in prices could ease affordability concerns for local families and thus revive demand long term. Local Home Values in Cyprus Cyprus's real estate market is heavily concentrated in luxury residential properties and coastal cities like Paphos and Larnaca, particularly luxury coastal cities like Paphos. Over recent years, average sales and transaction values for Cyprus' most desirable properties have seen price appreciation reaching record heights; this phenomenon can largely be attributed to an influx of cash-rich European and Asian investors seeking Mediterranean lifestyles as well as EU residency options. As global economic problems escalate, investors have tightened their purse strings. As a result, liquidity constraints have created a unique two-tier real estate marketplace; one where local buyers with limited purchasing power or mortgage financing struggle to maintain affordable housing in sought-after neighborhoods; while well-heeled domestic and foreign buyers are able to purchase premium segments of the market. Analysts forecast that Cyprus property market will experience short-term declines and consolidation as its domestic economy recovers from recent economic slowdown. With industry cycles being so cyclical, another upswing should follow eventually if needed; should any correction occur, local governments and real estate developers must implement innovative strategies in order to bolster investment activity while maintaining stability. Cyprus property prices have seen steady increases over the last decade, yet rents remain relatively steady. This stability can be attributed to second homes being popular choices among renters as opposed to them being their sole source of revenue; and because Cyprus boasts an abundant supply of quality rental apartments and houses. Cypriot taxes on real estate transactions depend on the type of property purchased and its purchase price; typically these taxes include buyer's stamp duty as well as registration and transfer fees, so it is crucial that potential homebuyers work with an experienced real estate professional when creating a budget for purchasing their dream home in Cyprus. Cyprus offers visitors an alluring combination of crystal-clear waters and centuries of cultural treasures that will delight those seeking sun and sea. Take in its beauty by visiting Ayia Napa's Museum of Underwater Sculpture or Tombs of the Kings which contain ancient tombs that shed light onto this captivating nation's rich past. [email protected] https://lnkd.in/djKbwJFi

Sydney’s housing market is extremely expensive to either purchase or rent. Sydney’s median house price was $580,000 in 2011 and grew at an average annual rate of about 8 per cent over the past 10 years. By the end of the 2025 financial year, the average house price will have surpassed $1.7 million in Sydney. The forecast average price would be $1.92 million in 2027 and the average unit price would be $1.02 million. Paying nearly $2 million for a house will be the norm in Sydney in the next five years. House rents have gone up by 48 per cent since March 2020 and unit rents have increased 40 per cent since 2020. Wages only increased 13 per cent in that time. Since 2000 the average price of dwellings has risen 363 per cent while average household incomes have risen 152 per cent. In the two years to March 2024, 330,300 net overseas migrants landed in New South Wales, requiring at least 140,000 new homes. This means Australia’s immigration system directly drives up housing demand without sufficiently adding supply. We're just not building enough dwellings in Sydney! Clearly affordability has decreased, but the housing markets are being reinforced by a number of factors: 1. Wealthy buyers entering the market with higher deposits. 2. Downsizers who had a lot of equity in their homes are buying debt free. 3. The bank of mum and dad and inheritances are helping many buyers with a deposit. 4. Some buyers are buying in cheaper markets while others are buying units rather than houses. 5. Banks have pushed for mortgage terms to be extended to 50 years from 30 years presently. 6. Immigration, the NSW population is increasing by over 15,000 people each month; Australia would benefit from an overhaul of its tax system, including scrapping billions in capital gains and superannuation concessions. Those two breaks alone are worth over $70 billion a year. Australians claim $19 billion in capital gains tax and $52 billion in superannuation concessions. Negative gearing is a situation where an investor spends more on the costs of their rental property, interest, strata fees, maintenance and upkeep than they receive in rent. It means they made a loss on their investment for that financial year. Experts say changes to property tax breaks would be unlikely to lead to a major fall in Australian property prices, but investors could be forced to sell and that could force rents higher. Sadly, politicians and industry players are not interested in genuine housing solutions, only distractions and cover-ups.

Local Home Values in Cyprus Cypriot housing market is at a crossroads. A recent influx of foreign capital has spurred price appreciation while simultaneously raising affordability issues among homebuyers in Cyprus, possibly diminishing demand until an equilibrium pricing solution can be reached; an meaningful drop in prices could ease affordability concerns for local families and thus revive demand long term. Local Home Values in Cyprus Cyprus's real estate market is heavily concentrated in luxury residential properties and coastal cities like Paphos and Larnaca, particularly luxury coastal cities like Paphos. Over recent years, average sales and transaction values for Cyprus' most desirable properties have seen price appreciation reaching record heights; this phenomenon can largely be attributed to an influx of cash-rich European and Asian investors seeking Mediterranean lifestyles as well as EU residency options. As global economic problems escalate, investors have tightened their purse strings. As a result, liquidity constraints have created a unique two-tier real estate marketplace; one where local buyers with limited purchasing power or mortgage financing struggle to maintain affordable housing in sought-after neighborhoods; while well-heeled domestic and foreign buyers are able to purchase premium segments of the market. Analysts forecast that Cyprus property market will experience short-term declines and consolidation as its domestic economy recovers from recent economic slowdown. With industry cycles being so cyclical, another upswing should follow eventually if needed; should any correction occur, local governments and real estate developers must implement innovative strategies in order to bolster investment activity while maintaining stability. Cyprus property prices have seen steady increases over the last decade, yet rents remain relatively steady. This stability can be attributed to second homes being popular choices among renters as opposed to them being their sole source of revenue; and because Cyprus boasts an abundant supply of quality rental apartments and houses. Cypriot taxes on real estate transactions depend on the type of property purchased and its purchase price; typically these taxes include buyer's stamp duty as well as registration and transfer fees, so it is crucial that potential homebuyers work with an experienced real estate professional when creating a budget for purchasing their dream home in Cyprus. Cyprus offers visitors an alluring combination of crystal-clear waters and centuries of cultural treasures that will delight those seeking sun and sea. Take in its beauty by visiting Ayia Napa's Museum of Underwater Sculpture or Tombs of the Kings which contain ancient tombs that shed light onto this captivating nation's rich past. [email protected] https://lnkd.in/djKbwJFi

Edmonton’s housing market is on the rise! 🏠 With average home prices more affordable than major cities like Calgary, Vancouver, and Toronto, Edmonton is becoming a hot spot for homeowners and investors. While home prices are set to grow modestly, the rental market is tight, showing strong demand and rising rents. Keep an eye on Edmonton – it’s a market with great potential! #EdmontonRealEstate #MarketTrends #InvestmentOpportunity https://lnkd.in/gKyuiNvF

Analyzing Trends in Canada's Rental Market and Ontario's Housing Outlook 🇨🇦 Diving into the recent Canada Mortgage and Housing Corp report, the data paints a vivid picture of the challenges influencing our rental landscape. In 2023, a mere 1.5% vacancy rate nationwide heightened demand, allowing landlords to raise rents, particularly for two-bedroom apartments, averaging $1,359 per month. Cities like Vancouver, Ottawa, and Toronto face intensified affordability issues, compounded by increased migration. Potential restrictions on foreign students emerge as a potential countermeasure against rising rent prices. For the real estate professionals, the report serves as a valuable compass, offering a comprehensive breakdown of vacancy rates, average rents, and growth across provinces. Shifting gears to Ontario's housing market, the forecast of a potential sales standstill, especially in the Greater Toronto Area, prompts reflection on the impact of high mortgage rates on buyer behavior. The condominium market comes under scrutiny, with discussions on challenges like affordability and a decline in sales shaping perceptions of the Greater Toronto Area's real estate future. Looking ahead, a potential slowdown in new home construction looms large, fueled by financing challenges, inflation's impact on building materials, and a persistent labor shortage. Let's engage in a conversation on how we can collectively address these challenges and contribute to shaping a more balanced and accessible housing market for all Canadians. 🏠💬 #RealEstateAnalysis #HousingTrends #CanadaHousingInsights #MarketReflections

Why Australia's Affordable Housing is Leading the Way? In the ever-evolving landscape of the Australian property market, recent trends are highlighting a significant shift. Over the past two years, rising interest rates have considerably reduced borrowing capacity, prompting homebuyers to turn their attention towards more affordable properties. This change in buyer behavior has resulted in a notable increase in the prices of lower-end properties, surpassing even the growth rates of high-end real estate. The Data Speaks Volumes. According to CoreLogic, the lower 25% of the property market in Australia’s major capital cities has seen a 3.3% price increase over the past three months. In stark contrast, the top 25% of properties only saw a modest 0.8% rise during the same period. This divergence underscores a broader trend: affordability is becoming a critical factor for buyers, driving up demand and prices in the more accessible segments of the market. What’s Driving the Shift? Several factors are contributing to this trend. The most obvious is the impact of high-interest rates, which have limited borrowing capacity and shifted buyer demand towards more affordable properties. Additionally, the supply of housing on the market remains low, further intensifying competition for lower-priced homes. Interestingly, the slowdown in the high-end market might indicate that affordability has reached its limits, with property prices potentially peaking. Historically, the high-end market has often led the property cycle, so this shift could suggest a weakening of market momentum. What’s Next for the Market? Looking ahead, the market dynamics remain uncertain. If interest rates continue to rise, even the affordable segment could begin to lose steam as more buyers find themselves priced out. On the other hand, a potential rate cut could rejuvenate borrowing capacity and market sentiment, possibly leading to another surge in prices. However, any price recovery following a rate cut may be subdued, given that the market is already detached from the traditional interest rate cycle. The ongoing issue of limited housing supply will likely continue to support property prices, but affordability pressures are unlikely to disappear anytime soon. For investors and homebuyers alike, these trends underscore the importance of understanding the evolving dynamics of the property market. Whether you’re considering an investment or simply navigating the market as a homebuyer, staying informed and adaptable is key to making the most of the current environment. As the landscape continues to shift, those who are prepared will be best positioned to seize the opportunities that arise.

Earlier this year, we asked Australian Housing and Urban Research Institute (AHURI) to suggest policy areas that could encourage home ownership without causing further inflationary impacts, as seen with first home buyer grants. One policy area that AHURI identified was targeted shared equity programs, another was options for stamp duty taxes, and a third was around guarantees for specific income groups. 👉You can find that policy snapshot here if you’re interested: https://lnkd.in/gd39ucrk Recent reports indicate that more than 150,000 Australians have been able to purchase or build their own homes over the past four years, with support from the Home Guarantee Scheme administered by Housing Australia. The scheme aims to assist eligible home buyers, including first home buyers, single parents and regional Australians. Increasing the rate of home ownership in Australia is on the agenda for most major political parties, as this rate has been declining sharply for over three decades, creating a new category of lifelong renters. A key question to be asking your local candidates in the lead up to state election is, what is their policy around home ownership? #homeownership #policy #investment #housingaffordability #housingsupply #homematters #bettertogether

Breaking news: Australian home prices have soared to new heights this March quarter! Despite a slight slowdown, the climb continues, fueled by undersupply, strong population growth, and soaring construction costs. Curious about the details? Click the link below to read the full article and see what's next for the housing market! #BreakingNews #HomePrices #PropertyInvestment #PropertyBuying #AustralianRealEstate #MarketUpdate #PropertyTrends #Property #AustralianPropertyUpdate #PropertyUpdate #Investment #RealEstate #PropertyNews #NewsAustralia #RealEstateNews #APU