Building approvals for houses have surged over the past year fuelled by the Federal Government’s HomeBuilder initiative. 136,107 private sector approvals were reported by the ABS over the year ending April 2021 – an increase of 31.1% on the previous year. Total residential new building approvals – inclusive of houses, units, and townhouses, were however…
If you’re already on the property ladder, either by owning your principal place of residence or an investment property, there’ll likely come a time when you need a mortgage security valuation. It could be to refinance so you can borrow for renovations or to buy another property, or potentially to borrow against the equity in…
A staggering number of Aussie property owners made a profit on reselling their homes in the first quarter of 2021. CoreLogic’s Pain and Gain report for the March 2021 quarter found the portion of profit-making resales between January and March 2021 increased to 90.3% nationally, up from 89.1% in the previous quarter and the COVID-induced…
With interest rates at all-time lows, in some situations, it is now a lot cheaper to be an owner-occupier than a renter. And with the prospect of interest rates not rising anytime soon, it could stay that way for a few years, unless the market changes. I thought it would be interesting to analyse the…
ANZ predicts that the RBA will tighten the cash rate in two steps over the second half of 2023. The forecast, which is contingent on sustained inflation and wage growth, expects the Reserve Bank will take the cash rate to 0.5% by the end of that year. In fact, the ANZ research points out that…
As with any asset class, real estate comes with its own set of cautionary tales about the potential hazards and pitfalls. At the moment all we hear in the media is how property prices are booming and will continue to do so in the foreseeable future. So it’s easy to get caught up in the…
As the first wave of COVID reality bit the property market and resulted in a hard stall on activity, governments scrambled to get the engine room of the economy purring again via schemes and incentives. Property has long been recognised as a financial juggernaut, with stamp duty and other taxes filling government coffers and providing…
Upgrading your investment property can propel it into its next stage of growth, but it can cost a pretty penny along the way. Knowing which costs are immediately claimable from a tax perspective can make all the difference when preparing your reno budget. Owning a quality investment property can be compared to sitting on well-rained-on…
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Who do you turn to when it comes to building a higher level of wealth? Some would argue it has never been easier to build a greater level of wealth. There are books, podcasts, the internet and access to professionals that may not have been so easily accessible even a decade ago. People who have…
Despite a tumultuous 12 months which has seen our property markets suffer from COVID-induced dips to recording new high peaks, in the last 12 months 218 markets joined the million-dollar club. CoreLogic’s Million Dollar Markets report released on Friday revealed 892 Australian property “markets” had a median value of $1 million or more over the…
