Foreign buyer interest in Australian property has surged during the global pandemic, taking it to the highest level seen in 3 years, and it’s no longer China taking the title as the biggest investor. There was $17.1 billion worth of foreign residential real estate investment in the 12 months to June last year, which was…
Half of Australia is planning on saving their tax return while the government desperately wants them to blow it. Australia’s economic recovery is partly reliant on a prolonged spending spree but according to new research by Finder, Australians aren’t in the mood for splurging this tax season. The end of the financial year is almost…
We already know Australia has been building the biggest homes in the world, but coronavirus seems to have accentuated the thirst for bigger homes. At the end of last year, the CommSec Home Size Trends report found that new houses built in Australia during the 2019/2020 financial year were on average 235.8 square meters, a…
Clearly, we’re in a seller’s market at the moment, with the supply/demand ratio being out of kilter. First home buyers, established homeowners and investors are all out in the market chasing the limited number of good properties for sale Corelogic estimates that in the 3 months to May, there were around 164,000 dwelling transactions that…
Our property markets have been surging this year with double digit growth in sight for all our capital cities. And now that more Australians feel secure about our economy in general, and their jobs in particular, this will only place more impetus on our markets. This is showing itself as FOMO (fear of missing out)…
Almost one third of Australians have been hit by a financial scam, new RateCity.com.au research shows. In a survey of more than 1,000 Australians, 29 per cent of respondents said they’d been scammed. Scams included credit card hacks, identity theft and people who had been tricked into handing over money. RateCity survey findings: 29% of Australians have…
Sydney real estate agents who deliberately underquote property prices will find themselves under scrutiny as NSW Fair Trading cracks down hard on dishonest real estate agents. Inspectors will attend auctions, open houses, and agencies across the city on the hunt for agents who are deliberately promoting a property for lower than its estimated value. Those…
As the saying goes, you can’t buy true happiness. But it turns out there is a particular sum of money that would help. Building on research originally conducted by US University Purdue, which found the price tag for happiness in the United States stands at $135,500, a new study by investment education platform Expensivity then…
We know that we are in the beginning stages of a property boom at present. But regular readers would recognise that property investment is a long-term game and would be pleased to know that Australian housing prices have soared by more than 500% over the past 25 years but while capital values have grown, yields…
The coronavirus pandemic has pushed more Australians to use their phones and smartwatches for purchases. New data from financial broker firm Savvy shows that 46.5% of respondents have a digital wallet, and it’s only a matter of time before the take-up is as ubiquitous as smartphones themselves. The survey polled 1,003 Australians on their daily…
