Saving a house deposit has become one of the biggest financial hurdles facing Australian home buyers. Even disciplined savers are finding that the target keeps moving as property prices rise, rents absorb more household income and living costs make it harder to put money aside. However, buying a home may be closer than you think…
If you’ve ever told your children that buying a home was harder when mortgage rates reached 17%, the latest research might make you reconsider. Those interest rates were painful, and many Australians made considerable sacrifices to keep their homes. But today’s buyers face a combination of larger loans, higher deposit requirements and housing costs that…
For years, we’ve talked about Australia’s property market as though there were one type of buyer responding to one set of conditions. Interest rates rise, borrowing capacity falls, affordability deteriorates and buyers supposedly react in much the same way. Of course, property markets don’t work like that. Australia is made up of hundreds of individual…
If you’ve ever spent weeks inspecting a Melbourne property, paid for building and legal checks, and turned up to auction only to discover the seller wanted far more than the advertised price, you’ll understand why Victoria’s new rules have attracted attention. From October, buyers at all Victorian auctions will know the seller’s reserve price at…
Successful property investment generally involves holding quality assets for the long term, allowing compounding capital growth to work in your favour. However, there will be times when selling makes sense. Perhaps you have outgrown your current home, or the children have moved out and you are ready to downsize. Or you may also own an…
Buying a property can be an exciting experience, and it is easy for emotions to take over when you find a home or investment that seems to tick all the right boxes. However, successful property investment should be approached differently from buying a home to live in because investors need to remain objective and make…
Buying a property can be exciting, but it can also be stressful, even when market conditions favour buyers. At present, many Australian property markets are experiencing softer conditions, stock levels are healthier and there is less competition than we have seen in recent years. On the surface, that may make buying seem easier. However, having…
You’ve probably heard the stories. A buyer gets gazumped after thinking they had a deal locked in, or a seller quietly loses faith in their agent and starts second-guessing every piece of advice. None of this needs to happen, because real estate agents actually operate within a fairly tight legal framework, and once you understand…
If you’re a young Australian hoping to buy your first home, you could be forgiven for wondering whether the property ladder has been pulled up just as you were ready to climb aboard. New research reported on realestate.com.au suggests 2026 is the most difficult year to be a first-home buyer since its records began in 1970….
Buying a home should be exciting, yet it can also feel overwhelming, particularly if you are purchasing for the first time. For most Australians, it will be the largest financial transaction they ever undertake, but many buyers enter the market without the preparation needed to make a sound decision. That is understandable because the buying…
