The Reserve Bank’s decision to hold the cash rate steady at 4.35% in March wasn’t surprising. Many are betting on a downward trend in interest rates soon, though the exact timing remains a mystery, with some commentators now, believing it will be later in the year, initially hoped for. According to PropTrack’s Senior Economist, Eleanor…
Buying your first investment property can be both exciting and daunting. You’ve poured your hard-earned savings and/or equity into an expensive asset, and now you take on the responsibility of being a landlord and the challenges of property management to ensure you maximise the return on your investment property. Over the years I’ve seen numerous…
In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
New data reveals the Australian suburbs in each State where house price growth has outperformed the rest over the past 12 months. PropTrack data highlights suburbs with the strongest growth in values over the past year in each statistical area 4 (SA4) region, which are geographical areas defined by the Australian Bureau of Statistics with a minimum population…
Australia’s housing crisis is putting the Australian dream of owning one’s home out of reach for many. But it’s not just home ownership that has been affected. Rental affordability has also become a serious issue. This has reignited the debate about negative gearing; whether or not it is fair and whether it holds the key…
Q: I am a dual-national Australian citizen living and working in the UK. I was born in the UK, am Australian by descent and recently returned to the UK after nine years and nine months living in Sydney. I sold my principal place of residence in Sydney to purchase a new principal place of residence in…
Recently one of my nephews, who has taken a keen interest in property investment, asked: What’s the worst advice you’ve ever been given on real estate investing and what’s the best advice you could give me? The worst advice I explained that the worst real estate investment advice I was given was that property investment…
If just one state of Australia, New South Wales, scrapped its stamp duty on real estate transactions, about 100,000 more Australians would move homes each year, according to our best estimates. Stamp duty is an unquestioned part of buying a home in Australia – you put your details in an online mortgage calculator, and stamp…
From granny flats to kitchen renovations and even new driveways, Aussies love to look for property upgrades that will increase the overall value of their property. After all, renovations are a great way to make your home more functional, comfortable and liveable. Have you ever wondered if adding a swimming pool is one of the…
It is a common misconception that insurance covers absolutely everything. Landlords may think they will be reimbursed by an insurer for any kind of rental loss or damage. But, this is not the case. Why? Because the overload in risk would make insurance unaffordable. Insurers need to strike a balance between providing cover for the…
