2024 is shaping up to be an extraordinary year for established “family-friendly” apartments (what many of us call “flats”) in Melbourne. These aren’t your run-of-the-mill units; we’re talking about properties that exude unique charm, offer generous space for comfortable living, and are nestled in neighbourhoods where heritage protections ensure the preservation of character. These factors…
What lies ahead for Australia in the next 10 years? Well, Simon Kuestenmacher highlighted a chart that is pivotal when forecasting the next ten years in Australia in his column in the New Daily. Its simplicity belies its significance in understanding our nation’s future housing demands and consumption shifts. It juxtaposed Australia’s current demographic profile…
One of the challenges our government is facing in handling the housing crisis is dealing with inaccurate population forecasts. HIA Chief Economist Tim Reardon recently highlighted a startling fact: “Australia’s population hit 26.8 million in September 2023, surpassing the Australian Government’s forecast by over a decade.” This revelation came as the ABS released its latest…
Australia’s home prices have set another record. According to the latest Domain House Price Report, the combined capital house and unit prices experienced another quarter of growth — the fifth consecutive rise for houses and the fourth for units. The report indicates that while the pace of price growth has slowed compared to the previous…
Arranging for a property valuation prior to purchase, or a valuation on a property you already own for refinancing is relatively straightforward. That said, it’s important to understand potential pitfalls associated with a valuation so you can brace for a possibly unfavourable outcome. If you are applying for a loan from a bank, they will…
Are you looking for the fastest-growing areas for 2024? Australia’s population grew by 659,800 people (or 2.5%) to 26.8 million people in the year to September 2023, with Western Australia enjoying the fastest percentage growth rate of all the nation’s states (of 3.3%), according to the latest Australian Bureau of Statistics data. With 765,900 overseas…
How foreign investors really created Australia’s housing crisis. Some commentary in the media suggest that’s the case, but recently Tim Reardon, the Chief Economist at the Housing Industry Association (HIA), offered a different perspective that challenges these common misconceptions. Misconception 1: Foreign investors leave homes vacant It’s a popular belief that foreign investors are buying up properties…
If the dreaded black spores are invading your rental property, you want to deal with them quickly. But just who is responsible for removing mould? It starts as one little spore, then two… and, before you know it, there is a horrible black fungus spreading, well, like mushrooms. Like all fungi, mould grows best in…
What makes a particular location liveable? That would be nice to know, wouldn’t it? It would be particularly important if you’re a homebuyer, but as an investor, it’s critical to only own properties in the type of location that will be in continuous strong demand by more affluent owner-occupiers. Of course, the concept of livability is…
Many of the property investors I speak with are often confused about the differences between Line of Credit facilities and Offset Accounts. Understanding how these two types of loan-related products can function will help determine the best fit for your property investment strategy. What is a Line of Credit? A Line of Credit (often abbreviated to ‘LOC’) is a…
