The Victorian government, like many governments around the world, has announced new regulations on short-stay accommodation. The government says Victoria has more than 36,000 short-stay places, which is reducing the number of homes available for long-term rental. Other states have capped the number of nights a dwelling can be used for short-stay accommodation. The Victorian…
New data reveals that in August, fewer people refinanced their loans compared to the previous month, but it was still the fourth-highest number since rates started going up. This dip was expected because many people rushed to refinance before some banks ended their cashback offers. Since rates began rising, borrowers have refinanced loans worth almost…
House prices will rise nationally by 4.9% over the next 9 months and then surge by 9.4% in the year to June 2025, according to big four accounting firm KPMG. Apartment prices across the country are forecast to see slower growth rising an average rise of 3.1% by next June, then a 6% increase in…
Many people can be very focused on repaying their home loan in full before they begin investing. They are so averse to debt that they cannot envisage doing anything else until their home loan is gone. However, often this isn’t the best approach to take. At some point, investing is more important than debt reduction….
In Australia, everything appears to be on the rise: interest rates, the prices of goods and services, property values, and even the temperature. On the other hand, an surprisingly to some, the number of people selling their homes due to mortgage affordability issues is decreasing. In fact, new Domain figures show a clear decrease in…
The RBA kept the cash rate on hold at 4.1% for the fourth successive month in October, citing ‘a more sustainable balance between supply and demand in the economy’, but also ongoing concerns about inflationary pressures and a heightened level of uncertainty surrounding the economic outlook. The recent uptick in inflation, from 4.9% annually in…
Australians are delaying moving to new homes due to concerns about housing affordability, high stamp duty costs, fears of not earning enough from selling their current homes, and the uncertainty of finding better alternatives. This has led them to stay in homes that may not be the best fit for their needs. In fact, a…
After the largely unanticipated COVID-19 property market boom, we were hit with twelve successive interest rate hikes, sapping buyer confidence and demand. Since then we’ve witnessed six months of strong price growth in virtually all housing markets, despite those high interest rates. I’ll explain why these events took place and what the future holds for property…
I am sure you have seen the TV shows. So easy, to transform an entire house from top to bottom in less than an hour, while making thousands of dollars in the process! All you need is a top team of tradies, preferably someone in short shorts and a cute puppy dog. Before you know…
It’s been a wild ride for property investors over the past 6 years – from a cutoff of interest-only loans to threats of a negative gearing ban, to aggressive interest rate hikes, high property prices… and now, a spotlight on Australia’s rental laws. Ultra-low vacancy rates, high rent prices, strong demand, and a rising population…
