How many times have you driven past a property and said to yourself, “If only I had bought that property when it was for sale five years ago? Who wouldn’t have bought more properties 10 years ago if they knew they would have doubled in value as many well-located real estate have done over the…
Building a new home in Victoria just got a whole lot more expensive. Earlier this month, the cost of building a new home jumped by about $25,000 overnight. This spike followed a 35% surge in new home sales across the state in April. Buyers were rushing to beat the new minimum standards under the National…
If you think investing in property is beyond your reach, then it might be time to think about joint ventures. Picture yourself in this scenario… you’re now in your 50s and your kids are all grown up and left home. You see them battling out there in the jungle and you wonder how they’re going…
Building a granny flat out the back of your property has fast become a popular way to increase your living space or even earn some extra rental income, but does it make good investment sense? According to reports, the number of granny flats being approved and built in NSW is at an all-time high. The…
More and more Australian property investors are moving into advanced strategies such as small property development as a way to grow their wealth. Of course, property development brings with it more potential financial rewards than traditional property investment, but it is not without it risks as well. There a number of factors that you must…
Are you interested in property development? While many properties make good homes, fewer are “investment grade” properties and even fewer are potentially profitable development sites. In a recent blog, I outlined why I choose the suburbs where I undertake developments very carefully. Now it’s time to find the “right” property in that suburb – one that could…
In the current property markets where capital growth will be subdued for some time, more sophisticated investors are considering getting involved in property development to enable them to “manufacture” capital growth. However, embarking on property development isn’t as simple as it might seem and unfortunately, too many investors begin their property development journey on the…
Australia’s acute shortage of skilled trades is beginning to ease, thanks to a slowdown in new home construction. The Housing Industry Association (HIA) Trades Availability Index registered -0.58 in the first quarter of 2024, improving from -0.64 at the end of 2023. This welcome change marks the least severe shortage of skilled trades in nearly…
The Housing Industry Association (HIA), has highlighted a significant challenge in meeting the Australian Government’s ambitious goal to construct 1.2 million homes over the next five years. According to HIA’s latest Economic and Industry Outlook report, the rate of apartment construction needs to double from current levels. However, capacity constraints are expected to keep apartment…
The housing sector in New South Wales is facing a significant downturn, with apartment constructions plummeting since the introduction of additional taxes in 2017. Tim Reardon, the Chief Economist at the Housing Industry Association, highlights a stark 50% drop in unit commencements compared to previous years. “We’re witnessing apartment starts in NSW revert to levels…
