Want to know what going on in the rental property market? Rent.com.au’s report for July 2018 illustrates the shift in Australian median rental property prices (both metro and regional) and rental affordability (the median room price metric). Report Highlights: Year-on-year, houses in Sydney have slowed more significantly than in any other capital: It took 27 days on…
The media has been having a field day with negative property news. In particular this week’s figures by the Domain Group which showed that all but three capital cities saw a decrease in median house price over the last three months. But let’s put things into perspective…the national median house price also fell by 1.0 per cent –…
Want to know which suburbs will exhibit the best capital growth in the future? You know how they say “the best indicator of future performance is past performance.” Now that’s not always correct, but obviously the longer a suburb has outperformed the more likely it will continue to at least perform well and at best remain…
It’s a case of ‘buyer beware’ in Tasmania as the state’s booming housing market heads for a slow deceleration. Despite stronger prices than ever, feedback by agents to the Real Estate Institute of Tasmania (REIT) is that fewer people are attending open homes and there are fewer inquiries on listings. While the outlook has been…
Positive net interstate migration to Queensland has in the past been a driver of growth for the Queensland economy. This is mainly because (contrary to popular opinion at the time) interstate migrants were not retirees but the average age was in fact around 35 — prime family stage of life, which is where household spending peaks. …
You know that smell just before a big downpour? It’s a familiar scent that fills the air and instantly hints that you should bring the washing in. Or how you get a scratchy sensation in the back of your throat, a niggling but subtle pain each time you swallow, which usually indicates a nasty flu…
What are the top lifestyle suburbs in Australia? While Melbourne has been voted the world’s most liveable city for the last 7 years, Brisbane is home to seven of the 10 best lifestyle suburbs according to realestate.com.au For the purposes of their analysis, suburbs were ranked based on a number of factors including proximity to…
Even though house prices have risen substantially over recent decades, housing affordability for those with mortgages or own their houses outright hasn’t worsened, writes… Ben Phillips, Australian National University Even though house prices have risen substantially over recent decades, housing costs as a share of income have barely shifted in over 20 years. Costs relative…
Saving a 20% house deposit is tough especially when median house prices continue to skyrocket. But there is a way to speed up the deposit-saving process by using Lenders Mortgage Insurance (LMI). What is LMI? LMI is insurance you can take out when loaning money from a financial institution. It protects the lender if you…
Location, layout, size, nearby facilities — these are just some of the factors you need to take into consideration when you’re looking for an investment property. And while you can put in extra amenities such as a dishwasher and an air conditioning unit, there are a few property features that aren’t so easily added — like a…