The Australian Taxation Office (ATO) recently revealed the top 10 highest paying jobs in the country. The ATO recently released its Taxation Statistics for 2019-20 with, unsurprisingly given the global pandemic, workers in the medical field taking out the top three spots. Other high-paying industries include financial services, law, and engineering. And all of the…
Melbourne and Canberra’s property markets have officially broken the $1 million mark for median house prices during the June quarter as a ‘perfect storm’ of factors continues to drive our property prices higher again across all capital cities. Australia’s national median house price has climbed exceptionally close to the million-dollar mark at $955,927 – which…
Australia is home to 558,000 people aged over 85 years. In fact, in the last 20 years, this age group has actually doubled in size. However, this is absolutely nothing compared to what’s about to hit us according to leading demographer Simon Kuestenmacher who shared his insights in The New Daily He said: “In just…
The average Aussie homeowner is getting older and wealthier, the OECD’s latest report on housing and taxation shows. “High-income households hold a disproportionate share of housing debt, although lower-income households with mortgages generally face higher relative debt burdens,” the report says. The figures show a wealth gap where home ownership is dominated by the top…
Did you know that if your driveway is jam-packed with cars, it implies your income is low? Of course, rich people also buy cars, often valuable ones and garages full of them. But the interesting and usual pattern is that, in general, the lower the household income, the more vehicles they own. Why? Location, location,…
![The conveyancing process when buying a house [a Step-by-step Guide]](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/10/buy-home-270x200.jpg)
If you’re a first-time home-buyer or property investor, you might not have come across the term ‘conveyancing’ before. Likewise, terms such as unconditional, settlement, and ‘cooling-off’ period are also terms you may not be overly familiar with. And even if you’re a seasoned property investor, you would have employed a conveyancer or solicitor to assist…
Did you know that investing interstate is something that few Australians do? I can understand the reluctance. For most people, handing over several hundred thousand dollars for an investment property is a psychological challenge in itself. No matter how much research you do, there is always the concern that the property you invest in won’t…
Considering the current state of the property market, are first-time home buyers open to purchasing in a different state? The answer is YES! According to Finder’s First Home Buyer Report 2022, which surveyed 1,001 first home buyers in Australia, 1 in 8 first home buyers (13%) are searching for their home interstate as well as,…
I am sure you have been bombarded over the years with articles about how to bid at a house auction. I am going to suggest a few simple tips you can implement and then show you how it plays out at a LIVE property auction! This could go one of two ways! In this video,…
More Australians are preferring apartment living, despite the pandemic-induced preference shift towards larger homes. In fact, the 2021 Census of Population and Housing found that more than 10% of all people in Australia spent census night in an apartment. Apartment living continues to grow Ms Eleanor Creagh, Senior Economist at REA Group noted that the…
