Here’s a number for you — 10,950. Ten thousand, nine hundred and fifty. That’s how many days a first-time property buyer will have to scrimp and save for a 20 per cent deposit for a property in Sydney. Not the purchase price — the deposit. Thirty long, hard years. If you ever want to take that first step on…
Earlier last week the Australian Bureau of Statistics (ABS) released their building activity data for the March 2018 quarter. The release includes data on dwelling commencements, dwelling completions, dwellings under construction and dwellings that are approved for construction but not yet commenced. Dwelling commencements Based on seasonally adjusted data there were 57,112 dwelling commencements nationally…
It’s impossible to escape the cold hard fact that the Australian property market is undergoing major changes. Thanks to APRA’s macro prudential measures restricting lending to investors and the Banking Royal Commission making banks allergic to risk the availability of credit has tightened, especially for investors, and our property markets have moved to the next…
Some of our favourite Quotes from the show Are you where you hoped to be financially at this stage of your life? Well…if you want to be in a better financial situation, then this week’s show is for you because I’m going to debunk 15 Myths that could be killing your wealth potential. You see…money…
With ever shrinking household sizes, a rapidly expanding population, an ongoing critical housing shortage and affordability issues all plaguing Australian property markets, there’s no denying that we require more accommodation and quickly. Not just any type of accommodation will do however. With more young people opting to live in our inner cities and state governments…
Australia has overtaken the US as titleholder for “home to the world’s largest houses” Large McMansions on expansive suburban blocks have long been held as the ideal “Great Australian Dream”, while smaller inner city apartments copped a pretty bad rap as the cheap and nasty end of the property market. However times are changing, with…
Over the 40 years I have been investing in real estate I have seen many investment fads and fashions come and go. While diligent investors adhered to tried and true fundamentals, I have seen many others diverted from their investment plans by chasing “fads”. At our current more mature stage of the property cycle, as…
On the hunt for a new investment property? Hoping to secure finance at a great rate so you can be on your way to property-mogul status? Well if you’re considering buying any of the property types below, you might want to reconsider. You see… currently the banks are being extremely fussy when it comes to lending money…
Let’s face it, when it comes to buying big ticket items we all love new, shiny things. Whether it’s a car, a big screen TV or a luxurious lounge suite, most of us will go straight to the store that sells its goods straight off the showroom floor in favour of a second hand dealer,…
For anyone who has tried to apply for property finance in the past year or so, it will come as no surprise when I tell you that more people are being knocked back on their applications as APRA’s influence has tightened lender’s serviceability criteria. Tougher lending criteria means the chance of borrower rejection is higher now than it…