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There’s no doubt more first home buyers are looking to get into the market at present. And the softening property market is translating to improved affordability. However first-home buyers in Sydney and Melbourne will need to save for up to six-and-a-half years for a deposit to purchase an entry-level house, according to the recently released…
We’ve all heard the phrase “safe as houses”, and indeed, investing in real estate has long been considered a safe and secure long-term investment strategy, particularly for those who do their due diligence and locate good-quality properties in areas that are likely to grow in appeal and value. That said, as with almost all areas…
Why were all those property pessimists wrong? In fact, why are they becoming more positive about property? Of course it wasn’t just the usual band of Negative Nellies making dire predictions of significant property price falls earlier this year, it was also some credible economists suggesting property values could fall by up to 20%. Yet…
It’s a bold statement, but it’s true. For some of you who are reading along right now, 2020 is absolutely the worst possible time you could consider buying a property. In fact for these people, moving forward with a real estate purchase this year would have the potential to cripple them financially, not just now…
Ultra-low interest rates have created a unique environment where buying a house in many areas is cheaper than paying rent on one In many areas, rent money is dead money, and renters with secure jobs are better off buying a house than continue paying someone else’s mortgage. When it comes to houses, that is a…
Many seem to confuse our demographic shape with housing market activity. A classic example is that baby boomers – due to the large size of this demographic cohort – is a major home buyer group. Yet an analysis of recent buyer trends tells a different story. Three tables this post. Table 1: Recent buyers by product…
National residential property listings decreased in September by 6.3% from 312,680 listings in July 2020 to 293,053. Compared to 12 months ago listings were also down by 10.0%. All capital cities recorded decreases in property listings over the month with Melbourne recording the highest decrease at 13.2%. Hobart recorded the second largest decrease at 9.4%…
I hear it time and time again. A generation locked out of the housing market, a property bubble so inflated it is about to burst. Cue the doomsday music and fretting over escalating home values. Don’t get me wrong, saving for a deposit is a difficult exercise, and it is true that Australian property…
Not every Australian housing market has performed the same way since the onset of the COVID-19 pandemic. The latest CoreLogic Home Value Index results revealed that since March, Melbourne property values fell 3.5%. Meanwhile, the ACT dwelling market reached a record high. From June to July, the rate of decline eased across Perth from -1.1%…
At some stage in our lives most of us will experience the various highs and lows that go hand in hand with homeownership. Undeniably today the biggest pressure associated with realising the dream of having a place to call our own, is keeping up with the mortgage repayments. For those who buy their home with…
