Buying a home is a significant financial and emotional investment, and it’s crucial to navigate the process with caution and diligence. Unfortunately, many prospective homeowners fall prey to common mistakes that can lead to financial setbacks and stress. In this article, we’ll explore some of the most prevalent home-buying mistakes and provide guidance on how…
If you’re looking for clues about whether the Reserve Bank has any interest rate rises left, Governor Michele Bullock offered several in her statement after Tuesday’s board meeting, saying: the latest monthly figures showed inflation “continuing to moderate” inflation expectations remained “consistent with the inflation target” wages growth was “not expected to increase much further”….
![The Migration of the World’s Millionaires in 2023 [Infographic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2023/08/millionaires-1-270x200.jpg)
Just like everyone else, High Net Worth Individuals (HNWIs) travelled less than usual during the pandemic, and as a result, their migration numbers trended downwards. But millionaires and billionaires are on the move again and it is anticipated that 122,000 HNWIs will move to a new country by the end of the year. Henley & Partners’ Private…
Are ducted air conditioning systems worth more than you thought? We’re here to sort out the facts and the possibilities. So, can air con affect the sale price? Let’s shelve the perplexity and dive in. Understanding Ducted Air Conditioning To kick things off, it’s essential to have an idea of a ducted air conditioning system,…
People’s experiences of private rental housing are linked to faster biological ageing, our recent research finds. While chronological ageing happens at the same speed for everyone, biological ageing varies greatly. It depends on the lives we lead and the risks we’re exposed to. Biological age reflects the gradually accumulating damage to cells and tissues in…
There are few investments quite like buying a home. However, maintaining a property comes a close second, with regular upkeep required to ensure its value does not drop in the long term. This maintenance may be beneficial for a consistently comfortable living environment, but it is best used to enhance the curb appeal and resale…
Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom. If it’s not clear to you why events overseas influence Australia’s interest rates, which are meant to be set to control Australian inflation, read on. US…
The Albanese government is about to have to make a really important decision. It’s going to have to decide what’s more important: supporting Australians who are financially underwater or keeping an election promise. And it’ll have to do it soon. It’s already working on its May budget, now just six months away. That choice will…
What is the difference between ‘wear and tear’ and ‘damage’? It’s a conundrum faced by many landlords, agents, and tenants, but why is it so confusing? Well, it is because there’s a very fine line between the different types of damage. Let us break it down for you… What is wear and tear? Normal wear…
Amid Australia’s housing crisis, land-supply slogans are once again dominating discussions about the solutions. Governments and private developers often blame housing crises on lack of land for new housing. Their solution? Rezone farmland for housing on the suburban fringe. Earlier this year, the South Australian government announced the state’s largest ever release of land for…
