Is your mortgage stressing you out? Well, you’re definitely not alone. According to Finder’s Housing Market Report: Navigating Refinancing in 2023, with home loans at their most expensive in the last 11 years, Aussie mortgage payers have reached a breaking point. In fact, data from the research unveils that 62% of those who are planning…
I don’t know about you, but I am losing count as to how many new homes the federal government is promising to build over the next five years. At the time of writing, it is up to 1.2 million – or 240,000 per annum – between 2024 and 2029. The Albanese government will give the…
A property’s value is typically divided into two components: the land value and the value of any improvements, such as the dwelling. Conventionally, land tends to appreciate over time, while buildings depreciate as they get older and suffer more wear and tear. However, the rise in construction costs poses an interesting question: what impact do…
The property market has experienced an unusually high level of activity in recent months, marked by increased listings and sales in numerous major cities. PropTrack’s data show that buyers were out in force in August with the number of highly engaged buyers per listing up 14.5% across the combined capital cities. Now that Spring has…
There’s an old adage that suggests if something appears too good to be true, it probably is. This maxim seems to be increasingly relevant in today’s world of social media and instant access to information, where quick fixes and silver bullet solutions are routinely promised to those searching for financial success. Recent headlines emerging from…
Aussies are moving house less frequently. The median tenure for a house is nine years and for a unit, eight years, according to Domain’s latest Tenure and Profit Report, Last year’s decrease in prices might have made people delay selling their homes. However, the trend of longer tenure (how long you stay put in a…
High-interest rates and shrinking household savings have seen lenders blacklist a wave of 20 suburbs they consider more risky for mortgage lending. Mortgage repayments have surged since last May when the Reserve Bank began hiking interest rates from a rock bottom of 0.1% to the 4.1% kept on hold for October. Many Aussies have suffered…
There’s no denying that buying a home is a big decision and yet you may be surprised by the number of people who are influenced by factors other than price, resale value, and location. From the number of a house to a lick of new paint on the walls, it seems we are influenced by…
Australia’s property investors have faced many headwinds of late, with interest rate hikes, land tax increases, and market uncertainty driving a wave of investors to exit the property market across the country. But investors in some states are struggling more than others. Recent PropTrack figures reveal that Victoria had the highest share of investment property…
It probably won’t come as a great revelation, but insurance can be complex. Like other financial products and legal contracts, there can be a lot to wrap your head around. This complexity can result in some misunderstandings. When it comes to protecting your investment property, you don’t want to have any misconceptions derailing your decisions….
