The Housing Industry Association (HIA), has highlighted a significant challenge in meeting the Australian Government’s ambitious goal to construct 1.2 million homes over the next five years. According to HIA’s latest Economic and Industry Outlook report, the rate of apartment construction needs to double from current levels. However, capacity constraints are expected to keep apartment…
The housing sector in New South Wales is facing a significant downturn, with apartment constructions plummeting since the introduction of additional taxes in 2017. Tim Reardon, the Chief Economist at the Housing Industry Association, highlights a stark 50% drop in unit commencements compared to previous years. “We’re witnessing apartment starts in NSW revert to levels…
Have you watched too many episodes of popular television shows like The Block? Feeling inspired to take a run-down wreck and make it new again? It all looks so simple and glamorous, with random ‘beautiful people’ tucking their perfectly styled hair into oddly flattering hard hats. But the reality of a large-scale renovation project is very…
Despite being one of the least dense countries, Australia has some of the highest home prices in the world. Domain’s latest Price Square Metre Report 2024 reveals that house prices per square metre (table 1) and unit prices per square metre (table 2) in capital cities have been trending upward over the past year and…
Australia is facing a significant decline in new home supply, plummeting to its lowest point in over a decade by 2026, This drop will exacerbate the challenges in housing and rental affordability, potentially leaving the federal government’s ambitious goal of constructing 1.2 million homes by mid-2029 far out of reach. In the capital cities alone,…
There is currently a shortage of properties both for sale and for rent, and this is one of the reasons house prices of kept rising and rents have skyrocketed over the last few years. Sure the government has talked about building 1.2 million homes over the next five years, but remember they’re not going to…
Buy, renovate and hold is one of my favourite property investment strategies. I enjoy taking a dwelling that’s been a bit neglected and breathing new life into it, making it into a home my tenants will love and want to care for more importantly, it’s a great way of manufacturing equity for my property investment…
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Every day, we pass through buildings, hop aboard trains, drive across highways, and traverse structures in our lives without stopping to think about what it took to build them. The developers behind these structures aren’t just expert architects and engineers — in many cases, they’re multi-billionaires who’ve not only built some of the most impressive…
How safe are your properties from defects? A new report by The Strata Community Association New South Wales (SCA NSW) has revealed that more than half (53%) of all strata buildings had serious defects between 2016 – 2022, with an estimated $79 million being spent by owners corporations to rectify these issues. This survey was…
Australians who have ever thought of renovating an old property and on-selling it to make a quick profit might soon face a whopping 47% tax. The idea, also known as ‘flipping’ has been made popular by TV reality shows like The Block is a popular but risky strategy with the goal of making improvements to…
