Australians are more likely to purchase a property sight unseen than they are a pet, vehicle, or boat, according to new data from Canstar. Believe it or not, the survey of 1,036 Australians reveals that 11% would be willing to purchase a property for owner-occupied or investment purposes without viewing it in person, whereas just…
Canberra’s property market has been a quite steady achiever – but is it a good place to invest? With the Sydney property market past its peak, I know some investors and buyers’ agents are looking to Canberra as an alternative Sure, Canberra is less than 300km southwest of Sydney, and it has enjoyed solid capital…
When it comes to property it’s all about location, location, location. So where are Australia’s safest suburbs located? Budget Direct has recently released its inaugural Safe Suburbs Map for 2021. This covers how safe each suburb is from property crime, covering postcodes within Queensland, New South Wales, Victoria, and South Australia. Budget Direct’s Jonathan Kerr…
I noticed an interesting trend developing over the few months before the current Covid Cocoon locked down our property markets. In those booming days, there were more buyers purchasing their property before auction than ever before. Driven by FOMO (fear of missing out) and record-high property prices across the country, the number of pre-auction sales…
House prices in some of the most sought-after neighbourhoods in Australia have been rising as much as $20,000 a week in the months before lockdown, according to new analysis by Domain. The Sydney housing market has been going gangbusters this year and according to the latest Domain House Price Report, property prices in several areas…
Almost half of Australians have delayed financial decisions due to COVID-19 lockdowns in 2021. Despite the nation’s continued economic resilience in the face of the Delta strain, Australians are holding back on certain expenses, with 42% delaying financial decisions as a result of COVID-19 and lockdowns this year, according to new research by Canstar. Canstar’s…
The coronavirus outbreak and continued lockdowns and restrictions have done little to dampen Australia’s property market. Recent Domain data shows that property prices have reached record highs across all capital cities as the perfect storm for Australia’s property market continues to roll out. Australia’s national median house price has climbed exceptionally close to the million-dollar…
Property prices have soared around Australia at a time when wages growth has been minimal or nonexistent for many. An analysis by the Real Estate Institute of Australia shows the proportion of income needed to meet loan repayments has jumped from about 27 per cent two decades ago to almost 36 per cent in June…
The total value of new loans rose in July, according to new ABS Lending Indicators data. The increase in lending coincides with the start of the Sydney lockdown and a record volume of loans refinanced to a new lender. New home lending increased by 0.2% from the month prior to reaching $32.12 billion in July….
We hear it time and time again: it’s tough to save for your first home deposit. And I’m not going to argue with that. It is tough. Saving for anything big takes a fair amount of self-discipline, dedication, and hard work. But it’s not impossible. There are many reasons why now is a good time…
