Treasurer Jim Chalmers is leading a push to get private investors to help build more social and affordable housing. But we shouldn’t kid ourselves about where the money will come from. The defining feature of social and affordable housing is a big rental subsidy for the tenant, which no private investor will ever volunteer to…
Record population growth will increase housing demand, both to buy and rent. Australia’s population growth has bounced back big time after the Covid restrictions and the country’s annual increase is currently close to 625,000. This likens to a 12,000 increase in the country’s population per week. This is twice the annual average population increase over…
One thing this latest buzz of investor activity in the property market has demonstrated yet again is that some newcomers to the real estate game still insist on going in blind. These first-timers operate under the assumption that any property makes a good investment and that if things don’t quite pan out, well you can…
Are you having a fence war with your neighbour? You’re not alone. Boundary fences are one of the major causes of property disputes between neighbours. So, do you know your rights when a new dividing fence needs to be put up between you and next door? And what happens if your neighbour suddenly announces he…
With many commentators forecasting what’s ahead for property in 2024, many are focusing on the times we’ve experienced over the last few years and trying and extract the lessons we’ve learned. Rather than do that, today I’d like to remind you of some of the foundational principles I use to grow my wealth. Let’s look…
Over the past 12 months, CoreLogic’s Home Value Index has risen 8.9%, adding the equivalent of approximately $63,000 to the national median dwelling value ($765,762) and taking the index to a new all-time high in February. A recent suburb-level analysis found that 88.4% (4,087) of the 4,625 house and unit markets analysed nationally saw values…
Demand for share housing has hit record levels according to data from Flatmates.com.au This surge is a direct response to the escalating housing crisis, where both buying and renting have become prohibitively expensive, driving more people towards shared living arrangements. 2024 Rental market overview: no relief in sight The start of 2024 has not brought…
We’re living in interesting times, aren’t we? A time of social and political unrest but also a year into a new property cycle – a time when lifetime wealth will be created by some people, but unfortunately not by most. So as we head into the second quarter of 2024 I’d like to share a…
Australia is facing a significant decline in new home supply, plummeting to its lowest point in over a decade by 2026, This drop will exacerbate the challenges in housing and rental affordability, potentially leaving the federal government’s ambitious goal of constructing 1.2 million homes by mid-2029 far out of reach. In the capital cities alone,…
Further restrictions on short-term rental properties listed on platforms such as Airbnb and Stayz are on the table in Australia. Public pressure to ease the housing crisis is mounting. This makes quick-fix solutions to make housing more affordable and increasingly attractive to governments. But any policy should be evidence-based. So what can we learn from…
