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…
Buying your first (or next!) property is an exciting venture, but it can also be quite daunting – especially if you don’t know what to look for. I guess that’s the reason why most property investors never get past the first or second property On the other hand, strategic investors begin with the end in…
Property investors- watch out – the Australian Taxation Office (ATO) is after you! The ATO will be compelling banks to hand over data for 1.7 million landlords in a bid to address the $1.3 billion tax revenue lost from residential investment properties. The ATO’s data-matching program will focus on individuals failing to declare rental income,…
The most in-demand suburbs for property buyers in Victoria have been revealed by PropTrack. In these suburbs the number of homes up for sale is low and hundreds of buyers are vying for available properties. New listings of properties for sale were down 11.1 per cent, year on year, in February, according to PropTrack, with…
In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…
The median sale price is one of the most common methods used by investors to track property values and assess their changes over time. But today I’d like to explain why it can often be a misleading measure. According to data providers Australian Property Monitors, one of the best-performing suburbs in Australia during 2015 was…
The International Monetary Fund has released its latest publications on the global economic outlook, ranking Australia as the second-highest country for ‘housing market risk’ out of 27 countries, behind Canada. Some of the outcomes associated with this risk include a sharp housing market decline, which could have implications for economic growth and financial stability. So,…
The Australian property market has been experiencing a major shift over the past few years, with a significant increase in the number of suburbs where renting a house or apartment is cheaper than buying. According to research by CoreLogic for the Australian Financial Review, this trend has been driven by soaring mortgage costs, which have…
