Yes we have a housing shortage. And no, there is no easy answer in sight. But increasing taxes will only hurt housing supply. The point was made well by Mike Zorbas, chief executive of Property Australia. In a recent article Mr Zorbas said… The CFMMEU and the Greens are right about one thing. More housing…
Australia’s home price recovery has hit a milestone, with national property prices now higher than a year ago according to the latest Proptrack Home Price Index Despite the sharp reduction in borrowing capacities that accompanied the 12 interest rises home prices have reversed much of 2022’s falls according to Eleanor Creagh, Senior Economist at Proptrack, Creagh explains…
Do you want to buy an investment property but don’t have the cash readily available for a deposit? The good news is, if you already own a property, there is a way of buying a second home using equity instead. So if you’re wondering how equity works when buying a second home, read on and…
The gap between the interest rates being paid by existing and new borrowers is narrowing Existing bank customers are starting to be rewarded for their loyalty with home loan rate discounts that could save borrowers over $1,000 in the first year alone, according to new insights from Canstar. Canstar’s analysis of Reserve Bank lenders’ Interest…
Rich Chinese property investors are eyeing up Australia, with over 700,000 expected to migrate overseas in the next 2 years. The latest ranking from Juwai IQI shows that Australia ranks number one as the top overseas destination for Chinese property hunters. Australia comes ahead of all other global markets, including Canada, the UK, and the…
Understanding the life cycle of homeownership can provide insightful perspectives on real estate trends and consumer behaviours. Property ownership isn’t a stagnant phenomenon. Instead, it’s a dynamic process that evolves with our changing life stages and circumstances. In the real estate market, roughly 50% of all transactions each year come from existing owner-occupiers moving to…
The Reserve Bank has left the cash rate at 4.10 per cent, announcing a pause for the second meeting in a row, and third time this year. The key explanation was a desire to take more time to assess the impact of the increase in rates to date and the economic outlook. The Board also…
Are you thinking of taking advantage of the buoyant property markets and upgrading your home? Maybe you’re planning to move interstate for work. Need to upsize to fit the kiddies in or downsize now they’ve all left the nest? Are you thinking of keeping your current home as an investment property when you move? Holding onto…
More Australians are currently saving for a major expense or purchase than they were last year, according to new research from Canstar. Their survey of over 9,500 Australian adults found 71% were currently saving for a big purchase or expense. This is an increase from 66% last year and comes at a time when the…
Good news on the global inflation front has continued to flow down under and inflation looks set to continue to moderate and move lower into the first half of 2024. The high level of inflation that has challenged the Australian economy and seen interest rates rise at the fastest pace in a generation continued to…
