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…
The housing sector in Australia is at a crossroads. With housing approvals at their lowest since August 2009, we’re facing a situation where the current housing shortage could worsen unless decisive action is taken. The challenges at hand Several factors are creating a perfect storm in the housing sector. According to Eleanor Creagh, Senior Economist…
As 2033 dawns, climate change is not just a distant threat but a present reality reshaping life across Australia. Each generation faces its unique set of challenges and opportunities in this evolving landscape. Let’s delve into how these changes will affect different age groups and what it means for our society. The rural impact: farming…
What’s ahead for our mortgage rates? We all want them to come down, but when will that happen? In a recent article on news.com.au commentator Tarric Brooker concludes that the timing of rate cuts remains uncertain and the date could easily change. So let’s see what can we expect to happen to interest rates now…
We know that we’re just not building enough homes despite soaring demand for more accommodation. According to PropTrack’s New Homes Report, December saw a 9.5% drop in total building approvals, a stark contrast to the modest 0.3% increase in November. This decline was particularly pronounced in unit approvals, which plummeted by 25%, and to a…
