I find it ironic that the two common financial mistakes that people make are not investing i.e., procrastination or doing too much i.e., turning over investments, changing their minds and so on. But, sometimes reacting, changing, tinkering, selling, buying and so on can be equally as bad. The truth is that investing requires a lot…
Property investors are selling up! Nationwide, the number of new listings for investor-owned residential properties has nearly doubled since December, with more than 5,000 properties put up for sale in the past three months, according to data from CoreLogic. This has brought the total number of investment properties listed for sale to 10,542. Increase in…
HomeBuilder saw a surge in detached housing approvals yet little change in attached dwelling applications. Rising costs, and labour shortages alongside fixed price contracts have stuffed up a lot of building businesses, with many facing the wall. Some major construction firms are now thinking of pulling out of the residential sector altogether. Working for practice…
Australian rent values have increased 24.1% between the start of an upswing in September 2020, to February 2023. On the surface, it would appear to be the perfect storm for property investors. The pace of monthly rent increases is accelerating, the monthly vacancy rate nationally slipped back to 1.0% in February, and the count of…
As the nation settles into its post-pandemic reality, a host of challenges have arisen – and one of the big ones has been trying to house our population. A look across metrics described the way rental and homeownership stress have become entrenched. Renters are in dire need of places to stay at reasonable price levels,…
Australia’s population distribution among major cities has shifted significantly over the past 67 years as the economy has adapted to a new era of working and living – fast forward to the future and things will look different again. Bernard Salt, managing director of The Demographics Group, wrote a column for The Australian pulling together…
Home prices have lifted in March according to PropTrack who believe the end of interest rate rises are in sight. Proptrack Senior Economist Eleanor Creagh explained that limited supply, along with strong migration and higher rents, are underpinning property values. The Australian housing market has experienced significant changes in recent times, with home prices exhibiting…
You can’t escape the headlines that remind us property markets around Australia are in the adjustment phase of the cycle where prices are falling. So, is this the leg-up first home buyers so desperately need, to get themselves onto the property ladder at last? Is it the perfect time to trade up from your current…
The combination of declining property prices, greater interest rates on savings, and rising wages have resulted in a shorter duration for a couple to save up for an entry-level deposit in Australia. In fact, the latest data from Domain’s annual First Home Buyer Report revealed that first-home buyers’ time to save for a house deposit…
Find out how much you can borrow and what your repayments might be: Before you start hunting for your investment property and the perfect home it’s best to get an indication of what you can borrow to make the dream a reality. But let’s first look at everything you need to know about our home…
