Home ownership is the great Australian dream for many. However, whilst owning your own home can fill you with an immense amount of accomplishment and pride, it’s also important to remember that being ready to buy involves more than just putting together a 20% deposit. From finding the right home insurance policies to budgeting for…
If you’ve amortized your mortgage or even paid it off and already bought a second property, you might be hankering to do it again. This potential third property would be known as your second investment property (assuming your main home is not an investment). You know what to expect if you’ve been through the process…
Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what was going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday. Before an audience of central bankers from around the…
The real estate sector in the US took a downturn in the last two years. More than 2/3rd of real estate leaders in the US said that debts for refinancing and acquisitions are undersupplied. The outlook for 2024 is still not really promising, but there are more chances of growth this year. That’s mainly because…
Real estate is currently an industry in flux, going through its caterpillar-to-butterfly stage. This is, in part, due to blockchain shaking up the way buying, selling, and managing homes and buildings is done. The implications of Ethereum for real estate are quite profound, especially for investors who wish to find out the ETH to AUD…
![When Will the Global Population Start to Shrink? [Infograhic]](https://cdn.propertyupdate.com.au/wp-content/uploads/2022/12/population-270x200.jpg)
Everyone alive today has only ever lived in a world with a growing population. And for the opposite to be true, the number of people being born would have to be outpaced by the number of people dying. As it happens, that particular inflection point is not too far off according to the latest estimates….
The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation. Australia’s gross domestic product grew just 0.2% in the three months to June,…
In a market as competitive as today’s, selling a home or apartment is not as simple as putting up a sign and calling it a day. That’s because Aussie house hunters are shrewd, and typically attend open houses with a checklist of qualities that they’re looking for, whether they’re searching for their dream home or…
With the cost of living on the rise, many people are seeking side hustles to boost their income. One great way of using what you already have is transforming an unused spare room into an Airbnb listing. Unlike renting to a full-time tenant, Airbnb hosting offers you greater control and flexibility over your property. If…
Australia is among the strongest global performers in terms of income mobility between the generations, according to a new Productivity Commission report. The country’s long-term economic growth has led to each generation earning more than the last, on average. Our report finds 67% of the so-called “Xennial” generation – those born in 1976–1982, on the…
