Trying to get your head around Capital Gains Tax (CGT) can sometimes be like attempting to learn a new language. You think you’re doing alright with it and then someone from that country starts talking to you thinking you’re a local and you end up quite confused and no doubt a little embarrassed. Of course,…
Australia is heading towards a severe housing crisis, with a projected shortage of 106,000 homes by 2027. This dire situation arises from high-interest rates, surging immigration, and community resistance to new developments. Despite a recent 0.6% increase in dwelling values in March, the National Housing Finance and Investment Corporation (NHFIC) warns that cities like Brisbane…
Brisbane’s property market has seen some of the most robust growth of markets across the country, supported by the pandemic-induced sea and tree-change shift. The city had the strongest property market in 2021 exhibiting astonishing growth, with many locations experiencing 30% or more house price growth. And as higher borrowing costs began to weigh heavily…
The idea of the 15-minute city, according to its originator Carlos Moreno, is that people are no more than a 15-minute walk or bike ride away from all the services they need to live, learn and thrive. The idea is appealing in its simplicity: it puts people and the environment at the centre of urban…
There is a housing crisis in Australia with an undersupply of both properties for rental and for sale. The surge in immigration and the return of international students has seen a demand for housing boom. The extra half a million people who will be coming over the next year or two have to live somewhere,…
New home sales fell by -7.2 per cent in March, and have effectively been cut in half since the first quarter of 2022. With cancellation rates now above 30 per cent, many builders are reporting “negative sales” over recent months according to the Housing Industry Association: Source: HIA In New South Wales, new home sales…
There were another 524 construction insolvencies in the March 2023 quarter, an increase of 93 per cent from a year earlier. 235 of the failures were in New South Wales, 149 in Victoria, and 89 in Queensland. The residential construction sector is known to have a high multiplier, and failures will ripple out through subcontractors…
New research by Finder suggests that Australian couples are accelerating their cohabitation plans to alleviate financial stress. A survey of 441 renters conducted by Finder revealed that 15% of couples have moved in together earlier than intended. Of this group, 10% decided to cohabit earlier than planned to cope with the escalating cost of rent,…
So, you think you know why rents climbed. You probably think was skyrocketing interest rates and a tsunami of migration. It’s true that interest rates have jumped more over the past year than at any time on record, and it’s true that migration has roared back – in the six months to September 2022 (the…
The off-the-plan apartment market in Australia is facing a crisis, as a growing number of buyers who purchased a residential property via off-the-plan contracts are seeking to on-sell prior to settlement. Rising interest rates are making it difficult for buyers to pass the bank’s serviceability test, and some buyers who might have cleared their bank’s…
