Victoria is set to undergo a housing revolution with an ambitious plan to add 2.5 million new homes by the middle of the century. Premier Jacinta Allan unveiled proposed housing targets for all local government areas across the state to meet by 2051. This comprehensive plan aims to accommodate the state’s rapidly growing population and…
Insurance is one thing that many Aussies overlook. But whether you’re a homeowner or investor, it’s important to make sure you’re covered against anything happening to your property. And for strata-titled properties, building insurance is included in your quarterly owner’s corporation or body corporate fees so owners just need to ensure they have adequate cover…
When you start out as an investor, the idea of buying a property as you march towards financial freedom is full of excitement and promise. Yet, the closer you get to making it a reality, the more stressful and confusing it can all become – often because you are trying to make sense of conflicting…
When it comes to property investment, many investors and buyers become obsessed with the idea of timing their property purchase with the view that buying at the bottom of the market for the cheapest price is a formula for property success. And considering the current property market conditions, this seems more prevalent than ever. But,…
The Australian Taxation Office (ATO) is putting rental property owners on notice this tax season. ATO Assistant Commissioner Rob Thomson has highlighted that many rental property owners are making mistakes on their tax returns, despite 86% using a registered tax agent. One major issue is misunderstanding what expenses can be claimed and when particularly distinguishing…
Too many landlords think that property management is easy when it isn’t. And too many landlords never receive anything more than a “one-size-fits-all” property management service. But there is a better way to manage and grow your portfolio – and all you need to do is read on. A common problem One of the most…
The total amount of money stashed in offset accounts has hit another record high of $271.72 billion, as borrowers continue to stash cash in their mortgages despite the rate hikes, according to the latest APRA Quarterly ADI Property Exposure statistics data This amount is $43.67 billion higher than it was before the rate hikes began….
Millions of Australian homes are at risk of natural disasters and most homeowners are unaware, leaving them sitting ducks and potentially uninsurable, according to Domain’s 2024 Perils Report. Domain CEO, Jason Pellegrino, emphasized the urgent need for Australia to build viable, livable communities as the climate changes. Mr Pellegrino said: “Australians are struggling. Affordable housing…
My chart this week illustrates Australia’s population projections over the next 25 years. I have used the medium projection series, and this is founded on the population data and trends as at financial 2022. It is the most up-to-date data and was released about a month ago. The projections are divided into several scenarios, showing…
Are you considering buying an investment property off plan? There are just too many risks involved in the off the plan sector of the property market. As property prices continue to climb across the nation, reaching or surpassing their pandemic peaks while stock dwindles by the day, I can understand why some investors think it’s…
