Okay, so you’ve decided that you’re tired of living in your rental property or with mum and dad. You now want to become one of the millions of Australians who own their own home. So now what do you do? Here are 12 basic steps: 1. Check out your financial position First, you need to…
While some very fortunate parents may be in the position to buy their children a house outright, this is certainly the exception and not the rule. And, yet, all parents are likely to cast a cautious eye over property headlines as they ponder… How will my children ever afford to buy a home? With property…
The prospect of strong capital gains is luring investors back into the market, supported by strong rental price growth that maintains healthy rental yields. Australia is in the midst of a rental crisis, driven by a chronic shortage of available rental properties and strong rental demand from a rapidly growing population. According to Ms Eleanor…
When you’re on the hunt for a new property, there are so many things to consider – location, amenities, is there room for a man cave? What you might not have thought about, particularly if you don’t yet have school-aged kids, is the impact state school zoning can have on property prices. School zones refer…
Home prices have surged in recent years, mortgage rates have climbed, and household incomes haven’t kept pace. As a result, housing affordability has plummeted to its worst level in at least three decades. Despite a dire shortage of homes, the delivery of much-needed new homes has faced significant obstacles. Labour shortages, disrupted supply chains, and…
There’s nothing quite like buying your first home is there? I remember quite clearly when I became a property owner even though it was a long time ago now! I was proud of what I had achieved, however, in hindsight, I was buying with emotion rather than strategy. The thing is buying a home, rather…
Unit values in more than a dozen Sydney and Melbourne suburbs are on the verge of hitting fresh peaks. This comes as the pace of price increases gathers speed amid low supply and intensifying buyer competition, according to CoreLogic data. Last month, nearly two out of five suburbs nationwide reached new highs in unit values….
Buying a property can be nerve-wracking, especially for first-timers. Besides taking on the biggest financial commitment in your life, there’s the actual mechanics of buying the property. Most of the time in life, if we want to buy something, we just buy it, don’t we? We don’t really need to negotiate on price (well, except…
When selling our home we all want the best price possible, while the buyer is usually after the best deal they can get. However, in the end, most houses sell for what I would call fair market value — the price a willing buyer will pay, and a keen seller will accept, given that neither…
When it comes to investing in property for the first time, you may feel like you’re in over your head. Lacking disposable income and investment know-how, your chances of surviving the property market as you compete with cashed-up investors may seem slim. However, here’s 3 reasons I would suggest you consider investing from a young…
