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Australian property prices soar to record levels despite higher interest rates!

Dear Fellow Property Investor,

New figures show significant growth in Brisbane, Adelaide and Perth with many suburbs seeing increases of more than 15% and Sydney up by 7.5%!

Australia’s property prices have soared to record levels in several capital cities as limited sales volumes and rising populations more than made up for the dampening effect of higher interest rates, two data groups say.

The new figures show significant growth in Brisbane, Adelaide, and in Perth, where five areas have recorded annual gains of more than 15%, while prices in Sydney are 7.51% higher than a year ago.

Overall, national home prices crept 0.36% higher in October, bringing the rise to just under 5% for 2023, according to PropTrack. Sydney, Perth, Adelaide and Brisbane values are all at record peaks.

Annual change in home prices

“We’ve seen national prices have now risen for 10 consecutive months,” PropTrack’s senior economist, Eleanor Creagh, said. “It’s certainly a daunting increase for someone [who’s] yet to enter the market.”

Rival data provider CoreLogic said its national home value index rose 0.9% in October alone, accelerating from September’s revised 0.7%. The 7.6% increase from a trough in January left the index just 0.5% below the peak recorded in April 2022, the group said, citing slightly different tracking methods.

“There’s an increasing diversity of capital growth performance,” the head of residential research at CoreLogic, Eliza Owen, said.

“Sydney and Melbourne are loosening up a little bit. Hobart, Darwin and Canberra have been flat or falling in recent months and remain down quite substantially year-on-year,” Owen said. “But then when you look at Brisbane, Adelaide and Perth – those cities are performing quite differently with [price] growth trending at over 1% a month, inventory levels very low, values at peak, and showing little sign of slowing down.”

The rise in property values during 2023 has caught many analysts by surprise, given the Reserve Bank has been lifting interest rates at the fastest pace in three decades including four rate rises in 2023 before a pause in past four months.

For many people housing is their biggest asset. When home prices fall, it tends to dim households’ sense of wealth, cooling their spending, a trend the RBA had been factoring into their economic models.

With most economists now predicting another interest rate rise next Tuesday, CoreLogic and PropTrack expect some of the real estate fizz to diminish.

“I think the re-acceleration in housing [price] growth might be short-lived, given the increasing prospects for a rate rise next week,” Owen said.

A revival in new listings – including a 10.7% rise in Melbourne and 9.3% in Sydney since the start of spring – will also put a brake on the pace of price gains in some markets, she said. A renewed drop in prices can’t be ruled out.

“New listings added to the market across Sydney in the past three months is about 23,000 properties as opposed to 21,000 sales,” Owen said. “The supply/demand position is shifting.”

Creagh said other cities such as Perth, Brisbane and Adelaide may take a lot more to slow them down.

Home prices in the Western Australian capital rose 0.52% alone in October, a 16th month in a row of gains, and are now 10.9% higher than a year earlier. Rental vacancies are less than 1% and landlords average just 16 days to rent out a property.

Top 10 Greater Melbourne suburbs with the highest 12 month value growth

Let me ask you something…

Do you have a game plan for 2023 and 2024? 

Or will you watch savvy, educated, market-ready investors snap up all the bargains at the bottom of the Melbourne property cycle (which in my opinion by the way has already bottomed out in November 2022), 

Or will you join them? 

So, what are you waiting for? 

Reserve your place and join me and 55 like-minded property investors for the last Real Estate Investing Fast Track Weekend for 2023!

Click HERE to reserve your seat now!

Dear Fellow Property Investor,

CoreLogic’s daily dwelling values index, which tracks value changes across the five major capital city markets, rose 1.0% in August on a 5-city aggregate basis.

This was the sixth straight monthly increase in property prices, with values also accelerating from the 0.9% increase recorded in June:

Graph: CoreLogic Home Price Indices

Brisbane (+1.4%), Adelaide (+1.1%) and Sydney (1.1%) led price growth in August, whereas Melbourne (+0.5%) and Perth (+0.9%) recorded smaller increases.

Yet despite these incredible gains, most people never invest in residential property, only a small fraction, some 72.8% only end up buying one investment property?

Sounds crazy…doesn’t it?

But there is a very logical reason behind this…from my personal observations and involvement in the real estate market over the last 20 years, I have identified that most property investors tend to fall into the following 4 broad categories of behaviour;

1. The analytical compulsive information gatherer; usually coming from a technical industry such as engineering, science, or medicine, these property investors will spend months and years conducting market due-diligence, crunching numbers and analysing charts.

They tend to read lots of property books, attend workshops and frequent property investing forums and chatrooms….

Most experience ‘analysis paralysis’, due to so many opposing views that exist in the industry on what constitutes the best way to invest, and in most cases, they end up not investing at all…spending years in the sidelines waiting for the perfect time to invest…which never eventuates. 

2. The ‘get rich quick’ gambler; this group of people usually come from a direct selling background, or multi-level marketing, and have a general interest in ‘alternative’ medicine, alternative energy healing, health and fitness, green drinks and love conspiracy theories.

This group is very open minded, and has a great sense of urgency built to get results NOW!, many of these people have undertaken extensive personal development, and hence believe that anything is possible…including becoming a multi-millionaire overnight!

This group of people tends to make impulsive investing decisions and in most cases is not afraid to jump in first! 

In a lot of cases they end up losing money by investing in Gold Coast properties, Cash flow positive properties in Mining towns, US properties, European holiday apartments, etc.

3. The comfort zone investor; makes up the vast majority of the property investor market in Australia today, or the 72.8% of investors who only own 1 investment property. 

This group of people tend to be the PAYG middle class, they are skeptical about attending or spending money on seminars or any type of personal development, books or courses as they claim it’s ‘just common sense’….or you can just ask your accountant or financial planner for advice…

Most of these investors are structured incorrectly, and have no idea about how to conduct any type of property or market due-diligence or cash flow analysis and end up buying one property, within 3 to 5 kilometers to where they live…their ‘comfort zone’, and in most cases the property is comparable to the one they live in themselves.

4. The active savvy property investor; makes up a small percentage of the the entire Australian population, in fact only 0.9% of all property investors end up owning more than 6 investment properties.

The active savvy property investors come from all walks of life, have varying amounts of income, education, and age groups…but they do have 1 thing in common, and that is a SYSTEM!

You see, developing and implementing a SYSTEM is the single difference between success and failure when it comes to the world of property investing.

By Attending the 2 Day Live Real Estate Investing Fast Track Weekend you will learn a proven system that has worked for thousands of successful property investors to successfully build large property portfolios….

So, what are you waiting for? 

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Click HERE to reserve your seat now!

Dear Fellow Property Investor,

A recent Domain analysis shows that Australia will need to add 497,984 dwellings to Australia’s housing stock to accommodate the 1,235,000 projected net overseas migrants projected to arrive in Australia over the four years to 2022-26:

That equates to 341 new homes required every day for four years!

In reality, Australia would need to build more than this level to account for homes lost through demolition.

Interestingly, the ABS’ population clock shows that Australia is currently growing by one person every 47 seconds, driven by one person arriving to live in Australia every 42 seconds via the Albanese Government’s extreme immigration program:

Blind Freddy can see that the chances of Australia adding enough homes to meet this extreme population growth are slim, given construction rates are falling amid widespread builder failures and skyrocketing material and financing costs.

At this month’s Senate Estimates hearing, Treasury Secretary Steven Kennedy stated that the reduction in building approvals is projected to continue until 2025, with investment in new dwellings expected to fall by 2.5% this year, 3.5% in 2023-24, and 1.5% in 2024-25.

All this is great news for Landlords who will see rentals skyrocket in ‘Key’ suburbs around Australia over the next few years. 

At the same time, it’s bad news for tenants, and first-time home buyers.

Remember that the risk always lies with you, not with the market. 

The market is simply a vehicle that transfers wealth from the uneducated to the educated. The sooner you gain the necessary skills and education to take advantage of the property market, the sooner you will be making money and taking advantage of rare opportunities such as what the current property and share markets are presenting right now.

Let me ask you something…

Do you have a game plan for 2023? 

Or will you watch savvy, educated, market-ready investors snap up all the bargains at the bottom of the Melbourne property cycle (which in my opinion by the way has already bottomed out in November 2022), 

Or will you join them? 

So, what are you waiting for? 

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Click HERE to reserve your seat now!

Book Real Estate Investing Fast-Track Weekend

Seats are strictly limited so book NOW in order to avoid future disappointment…

Don't take our word for it...see what our past attendees have to say about the event!

Dear Fellow Property Investor,

Did you know that new modelling from ANU’s Centre for Social Research and Methods predicts the Reserve Bank of Australia’s (RBA) most recent 0.25% rate hike will make Australia’s mortgage repayment burden the heaviest in history.

Home owners will, on average, be forced to stump up a quarter of take-home pay towards mortgage repayments.

Last week’s rate hike means that mortgage holders will be paying on average 50% more than they did pre-pandemic.

ANU Associate Professor, Ben Phillips, said that “mortgage costs as a share of income are at their highest since 1984”, despite mortgage holders coming off “a few years of very low interest rates”.

Graph - housing cost as a share of disposable income

Mortgage costs have risen most aggressively for lower-income households:

Graph - mortgagor household housing cost share of income

There has been a very large increase in debt servicing costs over the past year due to the combination of 4.0% of interest rate hikes by the RBA and rising average debt levels.

Ben Phillips says that his modelling is a “conservative” estimate and only factors in one additional interest rate hike from the RBA.

Phillips warns that “for some households such increases [in mortgage costs] are likely to mean significant financial stress or the need to rearrange household expenditure priorities”.

The modelling comes amid predictions that Australian house prices will experience a ‘double-dip’ price correction.

TCorp Chief Economist Brian Redican believes that unless interest rates begin to fall, house prices could reverse in the next six months.

“The rate increases, including as recently as May, are still running through the system”.

“So people will be facing higher mortgage rates over the next couple of months, including those that are coming off their fixed rate loans”.

Redican believes that the property market is “very much driven by sentiment at the moment”.

“But the thing about those kinds of sentiment indicators or animal spirits is that they can turn quite quickly, particularly when we look ahead at those affordability issues, which are likely to get worse rather than better”.

The next few weekends of auction results will be the litmus test and should indicate whether the RBA has broken the will of home buyers, which could lead to a possible double-dip correction.

So, what are you waiting for?

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Book Real Estate Investing Fast-Track Weekend

OUR PAST ATTENDEES RAVED ABOUT THIS EVENT… SEE WHAT THEY HAVE TO SAY.

Dear Fellow Property Investor,

Watch this recently aired 9 News story about Melbourne house prices jumping by more than $1000 a week.

Click Here to Watch Now

Notice that the Bayside area is leading the recovery, with an estimated recent increase in median house prices of $30,000 followed by the Eastern suburbs which increased $15,000 to $19,000.

Map of Melbounre house prices

Guess where I have been sourcing 80% of all properties for my clients since November 2022?

You guessed it!

The Bayside area and the Eastern suburbs of Melbourne!

So, what are you waiting for? 

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Real Estate Investing Fast-Track Weekend
Book Real Estate Investing Fast-Track Weekend

Seats are strictly limited so book NOW in order to avoid future disappointment…

I look forward to meeting you at the event!

Yours in Success,

KONRAD BOBILAK

Dear Fellow Property Investor,

Let me get straight to the point…

The best time to BUY from a ‘market timing’ perspective is NOW…

When the market booms in 12 to 24 months from now, don’t say I didn’t tell you so! 

So, let me ask you; what’s really stopping you from investing in real estate, right now?

See, for most people it’s simply a lack of knowledge and lack of financial literacy.

Basically, it’s all a matter of education!

What you need to take heed of, is that in order to take advantage of opportunities and prevailing market trends, you must first become EDUCATED!

So, here are two of the smartest and cheapest ways to do that…

1. Access my 10-hour online video real estate investing course called; The Real Investing Fast Track Weekend valued at $497.00 for absolutely Zero! 

That’s $0.00!

That’s the entire course, plus the full 265-page manual, no strings attached, no upsell, and nothing to pay ever!

Online course instant access button

The 10 Hour Real Estate Fast Track Weekend Online 
Video Home Study Valued At $497.00!

3 Speakers, 2 Days, and Over 10 Hours of Real Estate 
Education delivered by some of the sharpest minds in 
Finance and Real Estate Investing in Australia.

Both options are an excellent use of your time. 

Always remember that the risk always lies with you, not with the market. The market is simply a vehicle that transfers wealth from the uneducated to the educated. 

The sooner you gain the necessary skills and education to take advantage of the property market, the sooner you will be making money and taking advantage of rare opportunities such as what the current property and share markets are presenting right now. 

So, what are you waiting for? 

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Book Real Estate Investing Fast-Track Weekend

Seats are strictly limited so book NOW in order to avoid future disappointment…

To your success!

KONRAD BOBILAK

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak.

Dear Fellow Property Investor,

Did you know that Melbourne and Sydney have officially entered the beginning of the growth part of the next property cycle?

This CoreLogic graph perfectly captures the cyclical nature of the Australian property market – and suggests we may be entering another growth phase.

The share of Australian suburbs that recorded price growth over a rolling three-month period rose from 18.7% in December to 34.6% in March.

As the graph shows, the market started booming in late 2020, and, by early 2021, almost every suburb in Australia was experiencing quarterly growth.

The market then cooled sharply from early 2022, but this downturn appears to have bottomed out in October when 16.5% of suburbs posted quarterly growth.

Since then, the share of growth in suburbs has been trending upward.

So the first million-dollar question is…

Are you market-ready to take advantage of the prevailing circumstances?

And the next million-dollar question is; 

Do you have the skills and knowledge to correctly identify the best-performing suburbs in Melbourne in 2023 right now? 

Or will you simply wait by the sidelines and see other savvy property investors snap up the best opportunities?

Now I know what you are thinking…

But Melbourne is very expensive now, as the average 3-bedroom townhouse in the bayside area or the eastern suburbs costs between $1.5 to $2 million dollars.

And yes, that’s very true. 

So If you have a budget of only $700K, where do you buy?

Well, the answer is in suburbs that are currently going through the process of gentrification!

The bad and ugly ducklings of today will become the trendy-hipster suburbs of tomorrow.

Case and point; Brunswick 20 years ago, Carlton 20 years ago, St Kilda 20 years ago, Northcote 20 years ago, and Yarraville 20 years ago, just to name a few.

Take Northcote for example, known as the poster boy of the Gentrification phenomena in Melbourne, from 2011 to 2023 Northcote boomed!

In Northcote West, the median income is now $1216 per individual, an increase of 62 percent from 2011. In Northcote East, the median leaped 55 percent over the decade to $1130.

Footscray and Yarraville were also suburbs that were showing similar signs of gentrifying. Wealth has also increased rapidly in Thornbury, the median weekly income has risen from $641 in 2011 to $1041 by 2021, an increase of 62 percent.

So where are the Gentrification suburbs of tomorrow?

Join me for an exclusive 1.15-hour video where you will discover advanced property investing strategies to use in the current market to identify, with laser-like precision the best-performing Gentrification suburbs of tomorrow!

You will also learn specific real estate finance and due diligence methodologies that will give you the confidence and skills to start building your property portfolio as soon as you finish watching the video;

Many of you will be thinking right now…’ have I missed the boat? Especially on Suburbs experiencing Gentrification?

Well not really….

One of the most fundamental principles of property investing in Australia is to appreciate that the market moves in distinct cycles which are characterized by periods of strong capital growth and demand for properties, through to periods of a flat-lining market, following periods of distinctive falling median prices, lower demand for properties, and a decline in property prices. 

The general rule of thumb is that these property cycles last 7 to 10 years, and can be segmented into 4 main parts, the ‘Peak of the Market’ being the shortest of the four; 

  1. Peak of the Property Market – High capital growth, auction clearance rates of 85% plus.
  2. Decline of the Property Market – Declining capital growth, auction clearance rates dropping from 80% to 60% and 50%.
  3. Bottom of the Property Market – Extended periods of low capital growth, auction clearance rates of 45% to 50%. 
  4. Growth of the Property Market – Increasing capital growth, increase demand for property, increased auction clearance rates, 55% to eventually 75%.

Would you like to know exactly where Melbourne or Sydney is located right now on the property clock?

I will be revealing the location of our major property markets on the property clock during this video. 

Plus…

I will also reveal my TOP 10 Gentrification Suburbs of Tomorrow, those that are destined to experience double-digit capital growth over the next decade!

In fact, one of these suburbs is booming right now, and no one is noticing or even talking about it in the mainstream media.

The main thing to remember is that money is made by both the timing of the market, and of time in the market. 

Finally, for those of you with deeper pockets, I will show you the top ten suburbs in Melbourne that have consistently hit double digits in Capital growth over the last 10 years, and more importantly, the top 10 areas that will have the highest potential to outperform the rest of the property market in 2023 and over the next 5 years!

I will also show you the exact type of properties, i.e. house and land packages, townhouses, or apartments to target in these areas, and why….this section will surprise many of you. 

So what are you waiting for?

Check out this video NOW!

Dear Fellow Property Investor,

This CoreLogic graph perfectly captures the cyclical nature of the Australian property market – and suggests we may be entering another growth phase.

The share of Australian suburbs that recorded price growth over a rolling three-month period rose from 18.7% in December to 34.6% in March.

Corelogic Home Value Index

As the graph shows, the market started booming in late 2020, and, by early 2021, almost every suburb in Australia was experiencing quarterly growth.

The market then cooled sharply from early 2022, but this downturn appears to have bottomed out in October when 16.5% of suburbs posted quarterly growth.

Since then, the share of growth in suburbs has been trending upward.

So the million-dollar question is…

Are you market-ready to take advantage of the prevailing circumstances?


So, what are you waiting for?

Reserve your place and join me and 55 like-minded property investors at the next

Real Estate Investing Fast Track Weekend!

Reserve-my-seat-now

Seats are strictly limited so book NOW in order to avoid future disappointment…


I look forward to meeting you at the event!

Yours in Success,

KONRAD BOBILAK

Dear Fellow Property Investor,

These are the following reasons why NOW is the Perfect Storm!

1. Chinese buyers return to Australia's housing market and snap up properties, sparking fears prices could rise even further! Foreign buyers are returning to the Australian property market; the fear is, they could drive up the cost of homes for Aussies already struggling to buy one.

China was the largest source of investment for residential real estate investment proposals by number and value ($0.6 billion), as it was in 2021-22 and 2020-21. The next two largest sources of residential investment were Hong Kong ($0.1 billion) and Vietnam ($0.1 billion). 

The investment figures that were recently released by the Australian Government’s Treasury, in its Quarterly Report on Foreign Investment, cover the last quarter of 2022.

Total foreign investment in Australia fell sharply but Chinese buyers remained the most significant, with $600 million of approved investment, even though that was down $1 billion.

With Hong Kong investment included in the Chinese total, Chinese investment this quarter accounted for $700 million of Australian property. After China, the next largest investors were Vietnam, Singapore, and the United Kingdom, each of which invested $100 million in residential real estate.

In this quarter, the largest target sector for proposed investment for the quarter by value was commercial real estate, with a total value of $19.3 billion.

The United States was the largest source country for commercial investment proposals by number and value ($16.7 billion), as it was in 2021-22 and 2020-21. The next four largest source countries by value were China ($6.7 billion), Singapore ($5.2 billion), South Korea ($4.2 billion), and Canada ($3.8 billion).

While the overall numbers are down, the return of Chinese students to Australia, an end to pandemic travel bans, and warming relations between the two countries, are driving a rise in property inquiries from China.

Juwai IQI Co-Founder and Group Managing Director Daniel Ho said that at the current rate, China would invest an estimated $3.2 billion in Australian residential real estate this year, which would be up from $2.4 billion in 2021-22.

With the inclusion of Hong Kong, China would invest $3.8 billion, which would be up from $3 billion last year.

Source: Juwai IQI.

So, what are you waiting for?

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Seats are strictly limited so book NOW in order to avoid future disappointment…

“In 2022 and so far this year, Australia is the most popular country for Chinese homebuyers, for the first time ever, according to Juwai IQI Chinese buyer enquiries,” Mr Ho said.

“In January, Chinese buyer inquiries for Australian real estate surged by 24 percent compared to December, due to the announcement that borders would be reopening.” The latest data from national removalist booking platform Muval has revealed Australians are continuing their exodus from Sydney, looking strongly in favor of Melbourne.

2. Inbound inquiries show the laneway capital remains streets ahead of the rest according to the platform; Melbourne was the most popular city to move to in 2022, with the February figures showing the city accounted for the most eyeballs. 28% of all major metro inbound moving inquiries were for Melbourne. This is an increase from last January when Melbourne accounted for 24%.

3. Melbourne homeowners are holding back from listing properties in the declining market, resulting in almost a 30 percent drop in the number of homes for sale in some regions year on year.

House hunters have fewer properties to choose from as falling property prices prompt vendors to rethink plans and some to delay selling until the market improves.

Buyers in Melbourne’s north-east have seen the biggest drop in homes on offer, as new listings in January – properties marketed for 30 days or less – were down 28.2 percent year on year. This fall was closely followed by the inner south, where new listings dropped by 28.1 percent.

The inner region was down 21.9 percent, the outer east 19.7 percent, and the west 15.4 percent.

New listings were down more than 10 percent across Melbourne, but the number of homes hitting the market on the Mornington Peninsula rose 3.3 percent.

The total number of homes for sale was also down in most Melbourne regions except in the northwest and west of the city, where numbers were up 13.9 percent and 8.2 percent respectively. In the Mornington Peninsula, they were up 27.8 percent.

4. Melbourne rents have rocketed to record highs, jumping as much as 20 percent in a year and prompting fears of homelessness and housing stress for low-income households. In fact, there has never been a tougher time to be a renter in Melbourne, where vacancy rates are just 1.4 percent and rents have hit record highs.

The median weekly cost of renting an apartment in Melbourne last week hit $450 – a 20 percent increase on 12 months earlier – while in inner Melbourne rents have reached a weekly median of $490 a week, according to the Domain Rent Report for the December quarter.

The most recent Australian Bureau of Statistics figures, taken in August, showed the median weekly income in Melbourne was $1300 (across Victoria the median was $1250). Rental stress is defined as paying more than 30 percent of one’s income in rent, meaning for a single renter on a median wage in Melbourne, anything more than $390 a week would put them in rental stress.

For houses, the median rent reached a record high of $480 and grew 7.9 per cent in the 12 months to December.

The increase comes amid growth in demand as tenants make pandemic living habits permanent and eschew share houses for their own space, at the same time as international borders reopen.

While rental increases are bad news for tenants, its great news for landlords, especially for those who purchased their investment properties in the inner east and Bayside where rental yields have increased over 16 and 17 per cent respectively, far beyond any increases in interest rates over the same time period.

5. Record Low Vacancy Rates;

6. Financial markets think rate hikes are done... now pricing is in a rate cut through the second half of the year.

So, in summary, despite the ‘Doom and Gloom’ portrayed by the media, we have the following factors that make this a perfect buying opportunity for savvy, educated, and market-ready property investors;

We have record levels of foreigners coming to Melbourne to live and buy property, record high rental increases in key suburbs, combined record low vacancy rates of 1.2 percent, coupled with a low volume of current stock available for sale, some 30 percent less than the same time last year. 

To further aggravate the situation, there is a record low volume of a future stock in the pipeline, as developers and builders keep shelving future projects indefinitely, due to uncertainty in the ever-escalating cost of materials, critically low number of skilled labor, and the risk associated with entering into fixed contracts for off-the-plan sales, not knowing if there is going to be any profit upon completion of new projects.

Plus, it is highly probable that we are approaching the peak of the interest rate cycle, and as soon as Australian inflation is under control, which it will be, the RBA will start to cut interest rates to their recent low levels!

This will be great news for property investors as their investment properties will soon become cash-flow neutral and then positive!

All these factors have contributed to a unique situation wherein savvy educated and market-ready investors have taken advantage of the prevailing circumstances and are going in hard, negotiating deals, and securing investment properties at the very bottom of the Melbourne property cycle…

Permit me to get straight to the point…

The best time to BUY from a ‘market timing’ perspective is NOW…

See below;

The best time to BUY is NOW…

In fact, I believe, that many property investors who are currently staying out of the property market will look back retrospectively and realize that November and December 2022 were in fact the lowest and most opportune times to enter the Melbourne property market from a ‘Market Timing Perspective’…

Melbourne the best time to buy

So, what are you waiting for?

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Reserve-my-seat-now

Seats are strictly limited so book NOW in order to avoid future disappointment…

Kind regards,

KONRAD BOBILAK

Dear Friend,

The latest data from national removalist booking platform Muval has revealed Australians are continuing their exodus from Sydney, looking strongly in favour of Melbourne.

Inbound enquiries show the laneway capital remains streets ahead of the rest According to the platform, Melbourne was the most popular city to move to in 2022, with the February figures showing the city accounted for the most eyeballs. 28% of all major metro inbound moving enquiries were for Melbourne. This is an increase from last January when Melbourne accounted for 24%.

Brisbane took second place with 21% of inbound enquiries, Perth was third with 18%, Sydney was 17%, and Adelaide was 9%.

Adelaide’s inbound migration is a slight improvement, up from 8% last month, but down from the 11% seen through most of last year.

Perth averaged around 19% last year, slightly higher than the latest figure of 18%.

Sydney’s inbound figures were slightly higher, the latest showing 17% between December and February, up from the 2022 low of 14% seen in April. Muval said ‘moving season’ (meaning the busiest time to move in Australia) is typically between November and March.

Finally, Brisbane saw figures dip to 21% from 24% last February. While it took second place, the report noted Brisbane was neck and neck with Perth as the place to move to throughout 2022. ). The inbound traffic is no longer coming from Melbourne (when thousands headed north during the pandemic), but mostly from Sydney.

The report found that Melbourne recorded the lowest level of outbound enquiries in three years, at 27%. It was also found that Melbourne is nearing positive net migration again, with net migration to Melbourne going from -16% in December to -8% in February. The city last had a positive net migration of +3% in January 2020, according to Muval.

Adelaide recorded 9% of outbound enquiries, with the report noting the city of churches was going through its seventh straight month of negative net migration. While it is going through negative net migration, the numbers show some slowing, December recorded -23%, while January saw -18% and February -11%. Muval said that the levels of outbound enquiry were in line with the second half of 2022, “suggesting the negative net migration is being driven by a lack of interest to move to Adelaide rather than a mass exodus out of the city. This may change as more people go in search of affordable housing close to a CBD.”

The western capital recorded an 8% outbound enquiry and has consistently done so since October. Muval data shows that Perth is the ‘standout’ city for positive net migration, with Darwin second at +13%. The data for February showed +95% for Perth, with a 2021 pandemic high of +181% and a 2022 peak of +149%.

Sydney continues to see swathes of people looking to leave the city that harbours sky-high property prices and living costs. Outbound moving enquiries were consistently above 30% in 2022, with the latest data showing 33%. Negative net migration is at -54%, the report said it was in line with the -50% to -60% seen throughout last year.

Finally, Brisbane saw outbound enquiries at 18%, a figure last seen at the start of Covid in March 2020. Muval said: “… Brisbane’s pandemic boom appears to be well and truly over, with rising house prices and cost of living pressures forcing people out of the city.” According to the platform’s data, Brisbane is being affected by intrastate moves with an uptick in moves to regional Queensland towns and cities.

Negative net migration is on the horizon for Brisbane, with figures dropping from+32% in December to +14% in January and +3% in February. Last February, positive net migration was recorded at 64%.

So, what are you waiting for? 

Reserve your place and join me and 55 like-minded property investors at the next Real Estate Investing Fast Track Weekend!

Reserve Your Seat Now

Seats are strictly limited so book NOW in order to avoid future disappointment…

Here’s a Sneak Preview of What You Will Discover By Attending This Unique 2 Day Live Event:

  • The likely impact of tighter lending controls brought about by APRA and how this will impact your serviceability as the RBA continues to increase interest rates.
  • What you need to know about Australia's housing market’s ability to perform in an inflationary and rising interest rate environment.
  • Why now is the ‘PERFECT ECONOMIC STORM’ for property investors and learn what you need to do NOW to make sure you collect your slice of the profits that will be made by savvy property investors in Australia.
  • How to understand property cycles, state by state, and how to hone in, with laser-like precision, on Melbourne’s Hot Spots in 2023 and beyond.
  • Learn how to identify the exact type of properties (Apartments, Townhouses or Detached Houses) you should be buying in different areas in order to maximize capital growth in the shortest period of time…
  • The exact way to build, structure and automate your property portfolio, that is virtually the exact opposite of what the banks and lenders want you to do.
  • Learn the exact formula that is used by all the banks to assess your borrowing capacity, the DSR Ratio (Debt Serviceability Ratio), and understand the importance of buying a combination of Cash-Flow Positive Properties and Negatively Geared Growth Properties. This alone will save you years and even decades of frustration, and countless possible rejections from banks and lenders.
  • The huge difference between property ‘OWNERSHIP’ and ‘CONTROL’ via the use of corporate trustees and trusts, that the rich exploit and the poor do not…
  • Learn which properties to buy first, Cash-Flow Positive Properties OR Negatively Geared Growth Properties; this is essential if your plan is to continuously buy property year after year. If you get this wrong you will hit a brick wall with banks and lenders very quickly. The order that you buy them in will determine how quickly you can build your property portfolio and achieve your financial goals.
  • And truckloads MORE insider secrets to catapult your property investing success….
Reserve Your Seat Now

I look forward to meeting you at the event.

To your success,

KONRAD BOBILAK

Investors Prime

Interested in learning more about property investing in Australia? Please visit our main website InvestorsPrime.com.au for loads of free resources, articles, videos and more to help you on your investing journey.

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