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…
![Build Your Wealth Like the Most Successful Building Tycoons [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2015/07/blox-hi-res-270x200.jpg)
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…
More and more sophisticated investors are considering commercial real estate as a viable investment strategy. They have usually built a substantial asset base and are now looking for more cash flow in their investments. Often, they buy smaller properties – such as a shop, strata office or perhaps an industrial warehouse – because the entry-level…
If you’re interested in getting involved in property development, or even if you’re keen to do serious renovations, there is an important principle you must understand. It’s the basis of all feasibility studies and it’s called highest and best use. Just like smart businesses try and maximise the return on their assets, so should you…
Now that our property markets are on the move no Sunday morning is complete without checking the weekend clearance rates, especially for property pundits in Melbourne and Sydney. That’s because the auction results are a timely gauge of conditions of what’s going on with the housing markets especially in our in our 2 big capital…
Chinese developers are increasingly downsizing or fleeing their Australian operations as China’s property crisis continues to intensify. Chinese property giants such as Country Garden, Evergrande, Poly, Greenland, Yuhu and Wanda burst into Australia’s property market two decades ago, investing billions into buying and developing high-profile property across the country. But as quickly as these developers…
