Did you know that the amount of money you need to be in the top 1% of wealthiest people in Australia has doubled over the past two years? Well, the latest The Wealth Report of Knight Frank Research revealed that in Australia, the entry point to the top 1% is US$5.5 million, up from US$2.8…
You’ve found the ideal new home – a beautiful established terrace and then comes the shock. The building and pest inspection reveal rising damp. Rising damp is when moisture from under the house gets into the internal walls. So what should you do? You’ll often be able to tell a home has rising damp when…
Many of our property markets have been improving recently. The sense that interest rates are near their peak and that inflation is coming under control has helped motivate people to buy and sell their property after a period of waiting cautiously on the sidelines. While we are a long way off markets booming but sellers…
You won’t have to look far to hear an opinion on property. From dabblers through to multi-million-dollar portfolio owners, it’s an industry with plenty of advice coming from all corners, and plenty of emotion attached to each opinion. In fact, I’ve often said there are 25 million property experts in Australia But I should warn…
Even though the property market has cooled from its pandemic-induced peak, Australia’s sky-high inflation, soaring cost of living, near-record-high interest rates and tightening lending requirements mean many would-be first-home buyers are still struggling to get their foot onto the property ladder. And those who are homeowners might be struggling to keep up with hiking repayment costs….
In today’s changing property market where there are fewer good properties for sale than there are buyers, there are some who may wonder what are the benefits of hiring a real estate professional to help them in their home search. Other homebuyers figure that in today’s fast-paced world, where answers are a Google search away, and…
Australia’s population grew at its fastest rate in more than 13 years in 2022. According to the latest figures released by the Australian Bureau of Statistics (ABS), it grew by a whopping 1.9 per cent in 2022. We recorded an increase of 496,800 people through 2022, driven by the nation’s single largest annual intake of migrants, …
Cash-strapped Aussies are turning to gambling as a ‘quick fix’ as expenses spiral out of control, According to new research by Finder almost 1 in 5 Australians (18%) have increased their gambling habit over the past year. That’s 3.6 million Aussies who have upped their spending on everything from powerball to pokies. The research found…
The RBA Board decided to hold interest rates steady at 4.1% in July to provide additional time to assess the outlook for the economy. In the Governor’s statement today, the RBA said: “further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend…
Relationship breakdowns are hard on everyone and particularly so if there is property involved. During such an emotional time, financial missteps can be made which may have long-term implications. So what are the biggest property mistakes people make when a relationship ends and how can you avoid them? Trying to sell under the radar In…
