Why do some suburbs seem to have properties that rarely come onto the market? Recent analysis from PropTrack, as shared by their Senior Economist Eleanor Creagh, sheds light on this phenomenon, revealing that in many suburbs across Australia, average hold periods are more than double the national average of about 10.5 years. This trend suggests…
The latest Mortgage Insights report from Money.com.au sheds light on key trends in Australia’s home loan market, providing crucial insights for both seasoned investors and first-home buyers navigating these turbulent times. The average new loan size in Australia has risen by 8.8%, now sitting at $636,208, with investors seeing slightly higher figures at $648,998. While…
No one really wants to pay extra for a property purchase, do they? But there are situations where paying a premium makes good financial and investment sense. While you should never buy driven by your emotions, high-quality investment-grade property in an A-grade location, which you know will provide solid returns and robust capital growth, sometimes…
I’ve said it before many times, and it bears repeating once more: as a property investor, you will pay for your education. You’ll either pay for it by actively seeking to educate yourself, or by investing in courses, seminars, and mentoring programs that help you grow your wealth. Or you’ll pay for it by making…
Do you have a principal and interest home loan? Well if so, read on as this tip could save you a fortune over the years. It’s a method to best manage your home loan repayments in order to save not only interest but years on the life of a standard, variable-rate home loan. While most…
Throughout the annals of property history, one constant facet of asset selection has often eluded beginning investors and that is – what really pushes up the price of some housing, while other pockets languish in the ‘medians’ or are below-par performers. Often, those new to the property game think it’s all pretty black and white…
Sydney has long held the crown as Australia’s most expensive city, consistently commanding a premium over Melbourne. However, this premium has now reached historic extremes. The latest PropTrack data reveals that the typical house in Sydney fetches a whopping 70% premium over its Melbourne counterpart. Put simply, Melbourne’s median house price is about 41% cheaper…
Buying your first home is a thrilling milestone, but it’s also a journey that can be filled with a mix of excitement, stress, and plenty of decisions. Whether you’re eager to get on the property ladder or you’re taking your time to find the perfect place, being prepared is key to making a smart investment….
Do you understand the ripple effect and how it relates to property and price growth? It is a similar concept to dropping a stone in a pond, the result being small ripples moving outward. In a property sense, we have a CBD as the centre point and the ripples as suburbs move further away. A…
The total value of new home loans approved in the month of August was $30.38 billion – just 1.0 per cent higher than was recorded the previous month. Growth in the month was again driven by investor lending, up $164.7 million, or 1.4 per cent, according to ABS Lending Indicator data released today. Investor lending…
