With Australia’s population growing rapidly, it makes sense to aim to increase housing supply. However, the government’s plan to build 1.2 million new homes in the next 5 years really doesn’t sound realistic. Here are unfortunately many reasons why housing supply just won’t keep up with population growth in the near future. Let’s look at…
Have you ever wondered how you get started in property development? I’ve recently noticed a trend in budding developers – they are looking for an overview of the property development process and they want it in a simple and accessible way. It’s probably in part because many of the property markets around Australia are flat or…
Renters have very few rental options, and buyers are struggling with high prices, which is a problem that has been ongoing for at least thirty years. To fix these issues in a sustainable way, we need to build more homes over the long term. Governments across Australia are starting to realize this need. In August,…
The dreaded “Not In My Backyard” reaction of homeowners who have the temerity to object to neighbourhood changes they never voted for (or were even asked about) is reaching plague proportions if you believe what some urban designers and planners are saying. This scourge of the NIMBY is threatening the progressive development of cities, they’ll…
Australia’s property market is forecast to see around 55,000 build-to-rent (BTR) units by 2030 in an effort to help alleviate the rental crisis, but its true impact will be minimal. A recent Knight Frank report explained how there are around 8,350 dedicated BTR apartments under construction nationally (as of September 2023) and a further 12,900…
The cost to build a new house in Australia has surged over the last few years driven by massive supply and trade shortages. And at the same time more and more builders are going broke, causing builders to place hefty margins on new contracts to ensure they remain solvent. So how much can you expect…
A property’s value is typically divided into two components: the land value and the value of any improvements, such as the dwelling. Conventionally, land tends to appreciate over time, while buildings depreciate as they get older and suffer more wear and tear. However, the rise in construction costs poses an interesting question: what impact do…
As Australia’s housing affordability crisis worsens, governments are spending more on housing. Victoria’s Andrews government has announced a suite of reforms (such as boosting social housing and making planning processes faster) in an effort to get 800,000 extra homes in Victoria over the next decade. Federally, the Albanese government’s A$10 billion Housing Australia Future Fund,…
Have you considered getting involved in property renovations? Making a tidy profit renovating a property seems like a very attractive proposition, doesn’t it? And that’s why more real estate investors are turning their aim to renovations. You know… buying low, renovating cheaply and adding substantial value is the aim of the game. It sounds simple…
There are a growing number of people in Australia wanting to create wealth by undertaking a small property development. Unfortunately, many people attempt it when they don’t have the knowledge or the know-how, and they end up financially worse off than they were before. Others, while clearly capable of managing the project, don’t set up…
