Buyer’s agents have really come into their own in recent years, as home buyers and investors alike have begun to realise their muscle power in the real estate industry. Just as a seller’s agent will achieve the most money possible for the sale of a home, a buyer’s agent will negotiate the best buying price…
Australia’s property prices fell further throughout the nation in June as higher borrowing costs and rising interest rates weighed heavily on the market. Nationwide, property prices dropped another 0.25% in June to a new median of $716,000, according to the latest PropTrack Home Price Indicator report. Prices continued to decline in Sydney (-0.40%) and Melbourne…
Essential workers in New South Wales, including teachers, nurses, and police officers, will be helped to buy a home under a new government housing scheme. Premier Dominic Perrottet announced a new $780.4 million shared equity scheme on Sunday which would see the government contribute an equity share of up to 40% for a new property…
Commentary leading up to the RBA monthly board meetings has pivoted from if interest rates will rise to how much interest rates will rise. Most forecasts were leaning towards a 50 basis point lift in the cash rate, and that is exactly what the RBA delivered, along with further commentary focussed on high inflation, which…
Since the announcement that the country would welcome back overseas migrants and students, there has been a shift in interest in the unit market, particularly in the centre of our major cities. Eleanor Creagh, senior economist at REA Group, has pulled data for 13 charts to show the current state of Australia’s unit market and…
Soaring house prices in New South Wales in recent years have provided homeowners and investors with the quickest and sharpest equity boost in history. A year ago, house prices were rising 46 times the current pace, and at the same time unit prices were also increasing – this indicates that Sydney’s steepest upswing on record…
The Labor party’s recent Federal Election win brought about a raft of new policy measures designed to address the property market’s biggest issues. Housing affordability and ownership have become an increasingly important issue for governments to address after record house prices pushed the idea of owning property out of the reach of many first-home buyers…
Buying a property, whether it’s your first or your fifth, is a well-established pathway to long-term prosperity. It’s a brick-by-brick journey to building personal wealth and it requires patience and discipline to achieve your goals. But acquiring property isn’t just about selecting an asset and sitting tight. In fact, building a portfolio is a strategic…
It takes time to build financial freedom, but if you only have a short timeframe ahead of you to build your nest egg, all is not lost. A number of years ago I was asked by Your Investment Property Magazine to devise a strategy for success to help readers James & Elizabeth. Here’s what I…
We dream of it, we work for it, and sometimes we even plan for it – but can the average Australian really develop financial independence? The simple answer is YES – because if others have achieved it so can you. I’ll let you in on a little secret… wealthy people don’t do different things; they…
