The total amount of money stashed in offset accounts has hit another record high of $271.72 billion, as borrowers continue to stash cash in their mortgages despite the rate hikes, according to the latest APRA Quarterly ADI Property Exposure statistics data This amount is $43.67 billion higher than it was before the rate hikes began….
Millions of Australian homes are at risk of natural disasters and most homeowners are unaware, leaving them sitting ducks and potentially uninsurable, according to Domain’s 2024 Perils Report. Domain CEO, Jason Pellegrino, emphasized the urgent need for Australia to build viable, livable communities as the climate changes. Mr Pellegrino said: “Australians are struggling. Affordable housing…
The fresh smell, the clean slate, the low maintenance, and the primal need to be the first to mark your territory: are just some of the reasons why buying a brand new house or unit is enticing. However, that doesn’t mean it is a smart decision. The truth is, there are no ifs or buts…
Every property investor wants to pay less tax and increase their income streams, but up to 80% of investors fail to take advantage of one of the big tools available to help them do just that: property depreciation. A professional tax depreciation schedule can be the difference between a negatively geared property and a positive…
It’s fascinating to see how millennials are reshaping the landscape of property investment. Recent data from CommBank reveals that this generation isn’t just actively investing in properties; they’re also confidently navigating this journey solo. In 2023, millennials, those born between 1981 and 1996, represented a striking 46% of CommBank’s new property investors. Gen X followed,…
Buying a property can be a real thrill. Walking through open homes, signing yourself up to a significant loan, becoming a landlord – it’s enough to get even seasoned investors a little giddy with the excitement of it all. Then… then the property just sits. And waits. Every now and then you check in and…
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…
It’s no secret that Australians are now valuing sustainable, energy-efficient homes not just for environmental reasons but as a smart way to save money. With the cost of living pressures escalating, incorporating energy-efficient features into homes is becoming a financially savvy strategy. This trend is especially relevant as high utility bills are increasingly stretching household…
Properties in some Aussie suburbs are being snapped up at record rates as issues of scarce supply and high demand continue to strain the market. Recent Ray White data reveals that time on the market (how long it takes to sell a property) is still significantly higher in most cities across the country compared to…
It’s undeniable – Australia is in dire need of more homes to combat our ongoing housing crisis. The federal government has ambitiously pledged to construct 1.2 million new homes by 2029, but given the deep-seated issues plaguing the construction industry and the escalating housing affordability crisis, this target appears increasingly challenging. A decline in building…
