In Queensland’s rental market, tenants and landlords are both navigating an environment shaped by high demand. A direct consequence of this high demand is the practice of rent bidding, where prospective tenants offer to pay above the advertised rental price to secure a property. The controversial practice is sparking widespread discussion regarding fairness and transparency…
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In today’s Australian housing market, snagging a home in your dream location feels more like a fantasy than a reachable goal for many. Skyrocketing prices and fierce competition have left many of us thinking, “Is owning a home where I want to live just out of reach?” It’s enough to make the old saying “rent…
Australia is currently navigating through an unprecedented phase of interest rate hikes, with the Reserve Bank of Australia pushing the cash rate to 4.35% at the end of last year, marking the steepest ascent in the rate’s history. This rapid escalation from a mere 0.10% in early 2022 has profound implications across the economic spectrum,…
Where are Interest Rates Going in 2024 in Australia? Today, we’re tackling a crucial topic for property investors across Australia: the current state of interest rates. With the Reserve Bank of Australia (RBA) holding the official cash rate at 4.35% until at least February 2024 (no board meeting in January), there is some much-appreciated short-term…
What Makes Your Property Manager Great in 2024? As we approach the close of 2023 and look towards the new year, the role of property managers in Australia’s dynamic real estate market continues to evolve rapidly. In a landscape where nearly 2.3 million Australians own an investment property, selecting a great property manager has never…
New vs Old Property – The Age-Old Question for Investors In the world of property investment, one question consistently sparks debate: should you invest in a new or an old property? This decision, often a conundrum for many Australian investors, hinges on market trends and personal investment strategies. Each option, new or old, carries its…
Navigating the Housing Crisis in Southeast Queensland In the heart of Southeast Queensland, a rental crisis is unfolding. Known for its appealing lifestyle and economic opportunities, the region is now grappling with a severe shortage of rental properties. Driven by a surge in population growth, the demand for housing has skyrocketed, leaving many residents in…
How to Maximise the Depreciation of Your Investment Property Today, our nation has roughly 2.2 million property investors, collectively owning 3.25 million investment properties. While any investor likes to make as much as possible, a staggering 70% of property investors don’t maximise their property’s depreciation to lower their tax burden and maximise cash flow. If you’re…
How Do the New Minimum Housing Standards Affect Property Investors? If you’re a property investor in Queensland, you need to be aware of the new minimum housing standards. These standards, which have already kicked in for new tenancies from 1 September 2023, will extend to all tenancies from 1 September 2024. They apply across the…
Banjo had the privilege of hosting Alan Oster, Group Chief Economist at National Australia Bank (NAB) on our recent webinar, where he shared his global and Australian macroeconomic outlook. Here’s a brief extract of his comments. The global economy is slowing in 2022. If it continues to slow throughout 2023, we can expect the main…