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…
A long-term lease, reliable tenants, a consistent income, and a property that is fully repainted and recarpeted at the conclusion of the agreement… It sounds like a dream investment – doesn’t it? Investing in a Defence Housing Australia (DHA) property can seem like an attractive prospect – at first glance. This government-backed scheme provides housing…
Despite the pandemic, our lockdowns, and the curfews, property prices are surging around Australia. And more recently vacancy rates have plummeted pushing rents up, especially for houses. However, a recent report by NAB has revealed the suburbs where buying is still cheaper than renting. The report has identified outer-metro suburbs and inner-city apartments as the…
Finally, the burglars are going back to work. A study of crime rates in 27 international cities showed that burglaries fell by 28% under lockdown conditions. But homeowners should not breathe easy. As lockdown eases, the conditions for housebreaking improve. And summer is peak business for burglars: windows are left open, families are on holiday,…
They say technology is the present and future, lead by the innovative minds of the younger generation. But despite being fluent in all manners of online lingo and trends, it looks like ‘Gen Z’ do not have the same instinct and street-smarts as their predecessors. A new study found tech-savvy teens and young adults are…
