Now that the dust has settled on EOFY, it’s the perfect time to look back on how the housing market performed around the country over the last financial year.

The Reserve Bank met in the first week of the month and official rates are currently sitting unchanged at 1.50 per cent

My first article this month reports on how Australian capital city dwelling values for 2016-17 – How did your city fare? Then we check out the amazing new technology that allows homes build themselves in the blink of an eye (well almost).

Enjoy the last of winter! Is it time to check whether your current mortgage is still offering you a great deal? I can help – let’s have a quick chat now.

Call me now on: 0402 408944

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Housing Market Performance 2016-17: An Overview

A recent report by Core Logic has shown that combined Australian capital city dwelling values increased more than the previous financial year – 9.6 per cent compared to 8.3 per cent respectively. This continues a trend we’ve seen for the last 5 years.

In fact, over the past 20 financial years, there have only been two years in which combined capital city dwelling values have fallen (2010-11 and 2011-12).

However, when you consider individual cities, this growth looks vastly different:    

• Sydney – Values increased by 12.2% over the past year, slightly higher than the 11.3% over 2015-16.

• Melbourne – Increased values have been getting progressively faster for the last five successive financial years. Last year was the greatest increase since 2009-10 – 13.7%.

• Brisbane – A 2.0% increase, down on the 5.3% of the previous year, the slowest rate of growth since 2012-13.

• Adelaide – A 2.4% rise eclipsed the previous year’s increase (2.1%) and marked the fifth consecutive financial year of value growth.

• Perth – Dwelling values have fallen each of the past three financial years. However, the rate of decline slowed from -4.7% in 2015-16 to -1.3% in 2016-17. At no other time over the past 20 years have values fallen over three successive financial years in Perth.

• Hobart – The greatest increase was seen in the southern capital at 6.8%, the best result since 2005-06 (8.5%).

• Darwin – Continues the fall in growth over the past two years with the largest annual decline (-7.0%) since 2010-11 (12.6%).

• Canberra – Values rose by 9.6%, the greatest rise since 2009-10 when values increased by 13.3%.

Is it time for you to invest in property Let me crunch the numbers for you to find the right investment mortgage for you. Answers are just a phone call away.

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Get a New House in Just 8 Minutes. This is Not Science Fiction.

You’ve heard of pop-up shops and pop-up bars. Now meet the pop-up house. And it can build itself in just 8 minutes.

A British company, Ten Fold Engineering has unveiled a prototype for a pop-up house that goes from flat pack to ready-made home with the press of a button.    

You’ve heard of pop-up shops and pop-up bars. Now meet the pop-up house. And it can build itself in just 8 minutes. A British company, Ten Fold Engineering has unveiled a prototype for a pop-up house that goes from flat pack to ready-made home with the press of a button.

The 64 sqm tiny home offers features interior walls that can be rearranged depending on how much you enjoy open-plan living. In fact, the modular components can make any arrangement of panels, doors, windows and service pods. Ten Fold’s pop-up house can be transported by truck and taken completely off the grid thanks to solar panels. There’s no need for foundations and the pop-up homes can even be set up on a sloped or uneven ground. Want more space? Stackable modules connect together to create an extra storey.

There’s a wide range of options and styles, including beach huts and a very cool self-building tree house. And when you’re tired of the view, simply fold it up and take it somewhere else. The flat-pack houses are rumoured to cost around $164,000 and Australian delivery is expected by end of 2018. It’s a brave new world.

If you’re thinking a pop-up house might be just the ticket, let’s talk mortgage options. Together we’ll find an option that works best for you.

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