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…
We all want to buy our new home or investment property at the lowest price possible. Or at least get good value for our money. And of course, the vendor wants the most he can get for his property, especially in today’s market where property values are strong. Yet you now know that the asking…
Are you thinking of putting off the purchase of your new home or your next investment property? I know this is a common thought with property investors right now! You could be forgiven considering the current financial and economic outlook. Interest rates have started rising and while that looks to continue, we are also seeing…
The NSW government has announced plans to get rid of stamp duty for first home buyers, offering buyers to pay an annual land tax payment in its place. The new plan, effective from January 16 next year, means first home buyers in NSW will have the choice of paying the regular lump sum stamp duty…
The path to creating wealth is different for everyone. Some people get there via strategic property investment, while others achieve financial freedom because of business ownership. While most financially successful people share similarities, they also make sure they don’t make silly mistakes that could damage their financial goals. So, here are five financial mistakes it…
Will there be another double hike in interest rates from the RBA next week? With annual inflation rising to 6.1 per cent today, this is almost certain. In fact, if the RBA increases the cash rate by 0.50 percentage points on Tuesday, the average owner-occupier with $500,000 debt and 25 years remaining will see their…
The property market is going to crash! How many times have we heard that one recently? Inflation is rampant and the RBA is hell bent on getting it under control meaning rising interest rates will strangle our housing markets. Well, that’s what mini so-called experts in the media is telling us, isn’t it? Even our…
The number of households renting in Australia has jumped by 280,000 since the last census This comes as rentals become increasingly unaffordable, with skyrocketing rents pushing about more Aussies into rental stress. Rental stress is characterised by households spending more than 30 per cent of their income on rent. While almost 3 million households are…
In the face of rising living costs, high levels of debt and mortgage stress for some, there’s no doubt many of us find it difficult to save money. But even if you’re on an average income, there are small changes you can make that will have a big financial impact on you. Here are the…
Australia’s shrinking household size accelerated during the Covid-19 pandemic, sending property prices and property rental prices skywards as dwelling supply struggled to keep up with the booming demand. The most recent Census data revealed that the average number of people in each household has fallen to 2.5 people, from 2.6 people last Census. In 2021,…
