The Block has begun its 19th season this month, billed as “a Block that’s entirely relatable to people right around Australia”. This year, contestants renovate five “authentic ’50s dream homes” in “the perfectly named Charming Street, in Melbourne’s Hampton East”. But if the median price for a four-bedroom house in Hampton East is around A$1.6…
It is little surprise that many are calling for fewer overseas migrants. This is what happens when over 400,000 people arrive in Australian in one year from overseas. This is especially the case after a lockdown when the country lost 85,000 residents during 2021. This chart 1 shows the rise and fall in net overseas…
The number of properties sold without a mortgage jumped sharply during the second quarter in Australia’s three largest states, with cashed-up buyers flocking to Melbourne CBD’s apartment market, new data reveals. The number of homes sold without a mortgage has risen 24.3% in Victoria, 31% in NSW, and 14.4% in Queensland, according to a PEXA…
Are there ways to avoid or reduce paying capital gains tax (CGT) on an investment property entirely? Yes, there are! It’s an unfortunate part of every property investor’s journey that they will most likely eventually be liable for Capital Gains Tax or CGT. However, there are a few strategies that can help you minimise your…
If you ask 100 Australian investors which book got them into property, I reckon at least 70 would say Michael Yardney’s ‘How To Grow A Multi-Million Dollar Property Portfolio – in your spare time’. In fact, I recently re-read it – but this time the updated 16th Anniversary Edition. Its simple narrative does an incredible…
Want to discover the tricks some sellers use when marketing a flawed property and learn the simple detection methods that expose their sneaky cover-ups? Well…before listing a property for sale, it’s not unusual for a seller to give the home a fresh coat of paint, maybe rearrange the furniture, lay down a nice rug and…
We all know that we shouldn’t allow our emotions to rule when making property decisions. But let’s be honest… It’s hard not to let your heart rule your head when buying your investment property, and even harder when buying a home That “gut feel” isn’t usually perspective- it’s often fear or excitement. A while…
How long does it take to sell in the suburb you’re interested in? Despite all the dire messages in the media, home prices are climbing up all across the country, and guess what? People are still super keen on buying. And here’s the kicker – according to realestate.com.au houses are getting sold way faster than…
High property prices, escalating construction costs, and rapidly rising interest rates have pushed Australia’s housing affordability to the worst level in over 30 years, according to a new PropTrack report. The PropTrack Housing Affordability Index shows that in 2023 households across the income distribution could afford the smallest share of homes since 1995, when records…
The nation’s biggest home lender, Commonwealth Bank (CBA) has upgraded its house price forecasts aligning with the optimistic outlook shared by the other big banks. Only a few months ago in May, the CBA revised its original forecast that home values would fall 6 per cent this year, instead suggesting that prices will gain 3…
