The combination of declining property prices, greater interest rates on savings, and rising wages have resulted in a shorter duration for a couple to save up for an entry-level deposit in Australia. In fact, the latest data from Domain’s annual First Home Buyer Report revealed that first-home buyers’ time to save for a house deposit…
According to to Compare the Market, purchasing a first home is a significant objective for numerous young individuals. However, achieving this goal may require some form of sacrifice. To explore this further, they surveyed over 3,000 Australians, Americans, and Canadians about their living arrangements and the compromises they would be willing to make to secure…
Well, APRA has reaffirmed its stance that a 3% interest rate buffer is necessary to ensure responsible lending practices among banks when assessing home loan applications, including those from new buyers and existing borrowers looking to refinance. This decision has the potential to impede the borrowing capacity of new buyers and create obstacles for existing…
Selling a property is usually not something that is done lightly. Perhaps you need to sell because your family has grown, and you need more space. Another reason is that you have run your numbers and come to realise that that specific investment property is not growing in value as much as it should, so…
Are you considering selling your home or investment property? Sure Australia’s property market came off the boil in the first quarter of 2022 as demand softened and the Reserve Bank began to hike borrowing costs. And even though prices will still fall further, the rate of decline is slowing. This means those interested in selling…
Some homebuyers and investors make the mistake of concentrating on the price of the property alone. They complete their calculations on the property’s potential sale price and what the mortgage repayments or weekly rent are likely to be. But many fail to include all of the other costs associated with buying property, which can leave…
How did Aussies change in terms of their home buying and rental search behaviours over the pandemic? Well, according to Anna Flaherty, Economist at REA, “the way Australians live and work has changed significantly in recent years – and the features we look for in our homes along with it.” In fact, based on REA’s…
If you’re thinking of selling your home this year you’d be keen to get the best price and not drag out the emotional selling process. A number of years ago, leading real estate agent Matt Steinwede shared 10 tips for owners thinking of selling their homes. These are just as relevant today as they were back…
Thinking of selling your home? Well, let me tell you … selling your home can be a stressful and confusing time. As well as packing boxes, booking removalists and dealing with all of the logistics of the move, you also prepare to close the door on the happy memories you’ve made there. And things can…
It’s taking most Australians longer and longer to get into their first home according to Paul Ryan, Economist for the REA Group. In fact, data from the ABS reveals some interesting data to support this. First-time home buyers are still young…but getting older More than half of first-time home-buyers are aged between 25 and 34,…
