Saving for a house deposit could take on average almost 20 years in some suburbs, according to startling new research by Finder. Analysing property prices and incomes in each of Australia’s capital cities, and in Australia’s local government areas (LGAs), Finder determined where saving for a home is the most challenging. Unsurprisingly, Sydney was the…
Do headline-grabbing horror stories about murders or riots steer potential property buyers away from some suburbs? Does the “celebrity effect” really does improve buyer demand in others? In late 2005, thousands of angry, alcohol-fuelled rioters engaged in an orgy of assaults and violence now known as the “Cronulla Riots”. It was widely considered that these…
What are the key longer-term implications flowing from the Coronavirus pandemic? What is the biggest risk for the economy in the current situation? These and other questions were raised and answered by Dr. Shane Oliver, Head of Investment Strategy and Economics and Chief Economist at AMP in his recent Insight. Here’s what he said…. The…
Australia’s cities as we know them are radically changing. Due to the ease and popularity of working from home, living in a city centre is slowly losing status. Of course, inner-city apartment living was a rising trend before Covid- 19 hit us. In fact for many apartments living in the inner-city sounded perfect, particularly for…
There’s a considerable amount of media interest in the housing market at present fuelled by sharply rising house prices. While this means it’s going to be increasingly challenging for first home buyers to get into the market, those already on the property ladder can look at their current home loan arrangements and make some potentially…
If you’ve been paying off your home loan for a few years and have built up some equity, it might be time to have a look at your home loan and see if it’s still the best package for you. If not, it’s time to look at your options. One of those options is to…
While rental rates are rising at the fastest pace since 2008, a gap has opened up between the rate of growth in house rents compared with unit rents, with unit precincts across the inner city areas of some capital cities recording a much weaker performance through the COVID period to-date. Overall, unit rents have risen…
Read my lips – no RBA rate rise any time soon. Despite what the many financial journalists, economists, market analysts, and various click baiters have said over the last few weeks today Reserve Bank governor Philip Lowe made his position very clear – “the latest data and forecasts do not warrant an increase in the…
The topic of rising inflation and its potential impact on interest rates has been dominating the financial press over the past few weeks. The bond markets expect that higher inflation readings will force central banks to raise interest rates. It’s my opinion that higher inflation is likely to be temporary. And it’s also useful to…
The great Australian dream of homeownership is still alive and well, even among the emerging generations. However, analysis of the largest 7 capital cities in Australia shows a clear trend of both house and unit prices growing faster than incomes over the last four decades. House prices grow faster than wages From 1981 to 2021, the…
