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Avinash Pulimanthula, Sydney (2026)

19/08/2024

Australia is experiencing a renewed surge in construction costs, worsening the housing supply and affordability crisis. After a brief slowdown to a 3.9% increase in September 2023, costs are climbing rapidly due to labor shortages, particularly in finishing trades, and consistent wage growth.

Strong union activity is contributing to lower productivity, further driving up costs. Although prices for some materials like timber and steel have decreased, essentials such as bricks, plaster, and copper—driven by green energy and electric vehicle demand—are becoming more expensive.

This escalation in construction costs is pushing up home prices and limiting new residential developments.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

15/08/2024

Despite the surge in house prices, Propertyology's analysis reveals 25 Australian cities with populations exceeding 50,000 where median house prices remain under $750,000. These cities, as noted by Simon Pressley from Propertyology, boast solid infrastructure and strong job prospects.

While five years ago, homes were available for under $500,000, the 2024 benchmark has shifted closer to $750,000. Leading affordable cities include Maitland, Geelong, and Hobart, with Perth, Mandurah, Toowoomba, Cairns, and Darwin also standing out.

Furthermore, there are 500 municipalities across Australia where median apartment values still fall below $750,000, providing ample opportunities for buyers.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

14/08/2024

CommSec's State of the States report highlights a strong rise in housing finance across Australia, with nearly all regions showing growth. Western Australia leads with a 37.8% increase, while the Northern Territory saw a 7.1% decline.

PEXA's Mortgage Insights Report also shows a 6% increase in new property-related loans for FY2024, totaling 509,955, although refinancing dropped by 11.9%.

The ABS data reveals a 30.2% year-on-year surge in new investor loans in June. This surge in loans for new home purchases and construction reflects a highly active housing market.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

12/08/2024

Australia's share market experienced its biggest drop since the pandemic, losing over $160 billion as fears of a US economic downturn took hold, leading to a 3.7% drop in stocks on Monday.

In contrast, the Australian property market remains a safe haven. CoreLogic data shows a 0.5% increase in national home values for July, marking 18 consecutive months of growth.

While cities like Melbourne, Hobart, and Darwin saw slight declines, other cities such as Perth and Adelaide posted gains. This reinforces property as a stable and reliable investment option.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

09/08/2024

In June, Australia's national median weekly rent hit a record high of $634, up $48 from the previous year. This reflects the growing issue of rental affordability across the country.

CoreLogic's data shows that more renters are choosing larger homes to share costs, leading to an 8.4% increase in house rents over the past year. The rent for smaller homes went up by 7.6%, while larger homes with five or more bedrooms saw an 8.7% rise.

Rent growth for one-bedroom or studio apartments slowed significantly, dropping from 16.8% last year to 7.1%. Eliza Owen from CoreLogic notes that larger properties have shown more steady rent growth, offering lower average rent per bedroom.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

07/08/2024

Some regional markets in Australia offer higher returns than big cities, but investors should be careful with places that depend on just one industry. MCG Quantity Surveyors' analysis shows regions like Pilbara in Western Australia with house yields of 9.85% and unit yields of 13.12%. Campaspe Shire in Victoria has house yields of 6.23% and unit yields of 11.28%. Queensland's Outback South and Bowen Basin also show strong yields.

However, areas that rely heavily on mining and agriculture can be risky. The capital growth in these regions might not match the growth seen in more diverse urban markets. It's important for investors to consider this when choosing where to put their money.

Balancing high yields with potential capital growth is key. Investors should think about mixing regional and metropolitan investments to spread the risk and maximize returns.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

05/08/2024

Land values in Australia's smaller capitals, like Adelaide, Brisbane, and Perth, are rising sharply. The latest HIA-CoreLogic Residential Land Report shows double-digit annual increases. As of March 2024, the median residential land price reached $343,480, a 3.3% increase from the previous year.

In contrast, Hobart saw a modest 2.4% rise, Sydney's prices remained stable, and Melbourne experienced a decline. The number of land sales has decreased by 9.1% from the previous quarter. This decline is due to policy failures, excessive taxes, and inadequate land supply, which are driving up costs.

Looking to invest in properties? Avinash, your buyer agent, can help. He specializes in investment properties in Sydney, Brisbane, and Perth. Avinash will guide you through the process, helping you make the best investment decisions. Contact him today to get started!

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

02/08/2024

Residential construction costs in Australia have significantly slowed, marking the lowest annual pace in 22 years, according to CoreLogic's Cordell Construction Cost Index (CCCI) for Q2, 2024. The index shows a modest 0.5% rise in costs over the quarter, down from the previous 0.8% increase.

Annual growth is now only 2.6%, the slowest since March 2002. Despite this slowdown, construction remains nearly 30% more expensive than pre-COVID levels due to earlier cost increases.

This easing is due to reduced volatility in materials prices, such as timber and metal products.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

31/07/2024

Despite recent price hikes, affordable housing is still accessible in Australia’s capital cities. CoreLogic’s analysis shows that 28.2% of Melbourne’s housing markets are affordable, with homes priced under $900,000 in Sydney and Melbourne, and $600,000 elsewhere.

Adelaide, Perth, and Brisbane offer fewer affordable options, with percentages at 10.2%, 9.4%, and 8.8%, respectively. Sydney lags behind with only 5.5% of affordable homes.

Nationally, affordable housing has dropped from 50.2% to 46% in the past year. CoreLogic’s Tim Lawless expects this trend to continue, making it harder for new buyers to enter the market.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

29/07/2024

New data from PropTrack reveals emerging hotspots in Australia's property market. Affordable suburbs are experiencing high demand, faster sales, and significant price increases. According to senior economist Anne Flaherty, buyers priced out of other regions are flocking to these areas, driving up prices and reducing selling times.

Western Australia is leading the growth, with suburbs like Medina, Parmelia, and Orelia each seeing around 25% increases. Most of these top-performing suburbs have median house values below $600,000.

Queensland is also seeing impressive growth, with areas like Stafford and Townsville suburbs growing over 15%. NSW, South Australia, and Victoria also reported notable increases, with Victoria's leading areas seeing around 7% growth.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

26/07/2024

Thrilled to share another success story! 🏡 Last week, I helped my client secure a property for $540k, and it officially settled. Just one week after settlement, Commonwealth Bank has valued it at $649k—a growth of over $100k! Witnessing my clients’ happiness and their success stories is the most rewarding aspect of my job.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

24/07/2024

According to a recent survey by finance provider Helia, over 75% of people looking to buy a home have saved less than a 20% deposit. This is leading many to explore different ways to buy a property.

The survey shows a big rise in first-time buyers considering Lender's Mortgage Insurance, now at 90%, compared to just 20% last year. Additionally, 45% are looking at parental assistance, and 48% are thinking about government borrowing schemes.

Greg McAweeney, Chief Commercial Officer at Helia, says that despite tough market conditions, buyers are staying determined and finding new ways to achieve homeownership.

For those seeking investment properties in Sydney, Brisbane, or Perth, Avinash, your buyers agent, can offer expert help in navigating these opportunities.

If you're looking to invest in property, contact us to:
👉 Save time, money & make an informed decision
👉 Thorough Due Diligence before purchase to avoid mistakes
👉 Remove stress and find fabulous deals / properties
Book in an obligation free discovery call now!
M: 0452 539 353
E: [email protected]

Avinash Pulimanthula

19/08/2024

15/08/2024

14/08/2024

12/08/2024

09/08/2024

07/08/2024

05/08/2024

02/08/2024

31/07/2024

29/07/2024

26/07/2024

24/07/2024

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