It seems that the Australian dream of homeownership slipping away for first-home buyers. For many Australians, the dream of homeownership is a symbol of stability and success. But in 2024, that dream is becoming increasingly elusive for first-home buyers. According to Canstar’s First Home Buyer Survey 2024, the average savings rate for first home buyers…
As Australia’s property market continues to evolve, one factor that is increasingly adding pressure is the trend of “rightsizing.” A new study commissioned by Temple & Webster highlights how this phenomenon is reshaping housing demand. The report, Finding the Right Fit: The Future of Rightsizing in Australian Housing, points to growing competition for larger dwellings…
Australia’s housing market has reached a critical juncture, with only 10% of homes now deemed affordable for the average worker, according to a recent report by ANZ and CoreLogic. This alarming statistic highlights the growing disparity between income levels and property prices, raising concerns about the nation’s economic stability and the future of homeownership for…
Using a buyer’s agent for an investment property purchase is becoming more and more common by the day. That’s because savvy investors understand that it pays to work with experts to secure the very best investment-grade properties. However, using a buyer’s agent to buy your home is not so well understood. That’s mainly because many…
You’ve done your research, found the perfect property, exchanged contracts, and waited patiently throughout the settlement period. Now there is just one last hurdle: the pre-settlement inspection. So you shouldn’t assume that the property is in the same condition in the week leading up to settlement as when you exchanged contracts; you need to inspect…
Have you finally found the perfect property but now have no idea how to take the next step? Don’t worry, like many buyers out there, you’re not alone! To help make things a little easier for you, in this article we get down to the nitty-gritty of making an offer and tell you exactly what…
Australia’s housing market is facing unprecedented challenges, with no clear end in sight. Since 2020, rents have risen by 35%, vacancy rates have hit rock bottom, and the supply of new homes is woefully inadequate. The projected shortfall of 257,000 new homes over the next five years is not just a number—it’s a clear signal…
Will you stay in a relationship just to save on housing costs? Well, a Finder survey of 1,049 respondents revealed almost 1 in 5 (17%) have remained living with an ex-partner after breaking up due to affordability concerns. The research found that 4% – equivalent to more than 800,000 people – are currently living with…
For decades, the Australian dream was clear: a quarter-acre block, a standalone home with a backyard, and the sense of space and ownership that came with it. But like so many other aspects of life, this vision is evolving, driven by changing demographics, economic pressures, and shifts in lifestyle priorities. Whether you are a homebuyer…
Love is in the air—or is it? New data from the Australian Bureau of Statistics (ABS) has given us a fresh look at the marriage and divorce trends in Australia for 2023, and it’s clear that while love may still be alive and kicking, it’s also becoming a bit more selective about when and where…
