Owning a property on one of Australia’s best beaches is more affordable than you think. Tourism Australia recently announced its best beaches for 2024, and not a single one comes with a multi-million-dollar price tag like you’d expect. After all, for a property near Sydney’s Manly Beach you could expect to pay around $4.2 million, or…
Tampering with negative gearing and capital gains tax concessions would cost the Federal Government up to $58 billion over just 10 years and gut the already-stretched rental market of supply, according to new research. After Anthony Albanese’s decision to break his election commitment to support in full the stage three tax cuts, despite repeated reassurances,…
Property buyers in Victoria are paying 6.1 times more for stamp duty than just one generation ago. In Victoria, wages have increased a bit over five times and the median house price has increased just over 12-fold times in that time. According to new PropTrack e61 Institute research, a full-time worker earning an average of…
We know that we’re just not building enough homes despite soaring demand for more accommodation. According to PropTrack’s New Homes Report, December saw a 9.5% drop in total building approvals, a stark contrast to the modest 0.3% increase in November. This decline was particularly pronounced in unit approvals, which plummeted by 25%, and to a…
A recent analysis by the e61 Institute and PropTrack has shed light on the significant impact of Queensland’s 2011 stamp duty hikes. The numbers are telling: a sharp 7.2% drop in home purchases for that year. This isn’t just about sales figures; it’s about people – with a 9% decrease in relocations (equating to 20,000…
Over the past year, we’ve seen a notable surge in weekly rents for both houses and units, but here’s the kicker: unit rents are climbing at a much faster pace than those for houses. According to PropTrack’s data, house rents have jumped by 10.5% year-on-year nationally, adding an extra $55 to the weekly bill. However,…
In some of Australia’s most sought-after suburbs, finding a rental property is an increasingly herculean task. With a tiny fraction of properties available for rent tenants face fierce competition, driving up rental prices and exacerbating the existing rental crisis. High demand and limited supply are leaving many in a lurch. However, it’s not all doom…
Is Australia set to fall 200,000 homes short of target? Tom Devitt, Senior Economist at HIA, recently shed light on a concerning trend in Australia’s housing market. According to the latest HIA Outlook report, Australia is gearing up to construct just over one million new homes in the coming five years. This figure falls alarmingly…
Today I wanted to share my top wealth-creating insights. One I learned from our premier property training event – our 5-day Wealth Retreat. You see… As I start preparing the curriculum for this year’s event that will be held on the Gold Coast in May this year I’ve been reviewing my notes from previous years and…
Over the last few years there has been an uptick in landlords selling their investment properties, especially in Melbourne and Sydney. Data from PropTrack reveals a notable increase compared to last year, painting an intriguing picture of the current market dynamics. Investor sales on the rise PropTrack reports that in Sydney, during the December quarter,…
