June 9, 2022
In further proof of how much the property market has cooled, the national median dwelling value decreased 0.1% in May. This is the first time this median price measure has gone backward since September 2020.
This is the continuation of a recent downward trend, which is being driven by declines in the country’s biggest markets. Over the last few months, Sydney property values have seen progressively larger monthly decreases, culminating in a 1.0% drop in May. And the 0.7% decrease recorded in Melbourne means the city has now been in negative territory four of the last six months.
June 4, 2022
Not that long ago, splitter blocks were essentially the Holy Grail for property investors. They were seen as an easy way to realise a solid return, without putting in too much effort. In fact, back then, the hardest part was finding and securing a splitter block, given how popular they were. But these days, getting the most from a splitter block takes a little more work. They are now even harder to find, attract more competition, and usually come with a few important caveats. That said, there is still good money to be made from a splitter block if you know what you are doing. Here we take a closer look at what splitter blocks are and why they are so sought-after by investors. We will also share our advice on what to watch out for when looking at a splitter block.
May 30, 2022
Here at Search Party Property, we pride ourselves on the quality of the service we deliver. However, we know that not everyone understands the role we play or appreciates the value we can provide.
To help address this, we want to outline exactly what it is that we do. As part of this, we will explore the unique skills and insight our team possess and can share with you. We will also take a closer look at how we can support you to become a successful property investor.
May 23, 2022
When considering where to invest and which property to buy, it is important to do your research. But, with so much data available, it can be hard to know which numbers you should be focusing on. In addition to being confusing, this makes it easy to succumb to the dreaded analysis paralysis.
To help you avoid this, we want to share the numbers we believe matter most when picking an investment property. As part of this, we will also outline the trends you should be looking for when reviewing this data.
May 16, 2022
As experienced Buyers Agents, we regularly meet people who want to invest in property but struggle to take the final step. While there are many reasons they put off taking the plunge, it usually comes down to a few key concerns. Here we look at the five biggest roadblocks to people investing in property and how you can overcome them.
May 12, 2022
Last month saw a small decline in the national housing growth rate, which was down 0.1% to 0.6% for April. While we are still seeing growth at the national level, the tide is clearly turning for the Australian property market. Sydney, Melbourne, and Hobart are leading this charge, having all recorded a decline in their monthly median property price.
For Sydney, the 0.2% decline across April marked their third consecutive month of negative growth numbers. In Melbourne, the decline may have been nominal (0.04%), but it means values have technically decreased for three of the last five months. And in Hobart, the 0.3% decline is their first monthly fall in median value in almost two years.
May 11, 2022
A lot has been made of how much property prices have increased over the last year or so. Equal attention has also been given to what property values are likely to do over the next year or so. But there has been notably less talk about exactly what is driving these changes.
May 6, 2022
As a new property investor, there are a lot of myths and misconceptions that you will need to navigate through. Some of these will be about what being an investor means and the type of people who get into property. Others will be about the best ways to invest and the types of properties you should be targeting or avoiding.
Here we cover the most common property investor misconceptions we regularly come across. As part of this, we will explore where these perceptions have come from and share our advice on overcoming them.
April 27, 2022
When building a high performing portfolio, it is easy to get caught up on the returns each new property provides. After all, it is only natural to want each of your investments to deliver the greatest yield possible. But if you just focus on growth and income, you will overlook a key characteristic of all strong portfolios – balance.
Achieving balance in your portfolio takes a lot of research and plenty of careful planning. It also usually requires a reasonable level of diversification within your investments. Here we look at why this is important and the best ways to make this happen.
April 21, 2022
Have you ever heard that old saying, “judge a person by the company they keep”? While this usually refers to people sharing similar personality traits to their friends, it also rings true for property investors. The people you surround yourself with can have a big impact on the property investment decisions you make.
Here we look at how this works and why this is the case. As part of this, we will look at the type of people successful property investors need in their life. We will also explore who you need to be wary of and the people who could be setting you back.