In the fifth instalment of this series on property development, I’ll explain in detail how to secure funding for your real estate development project. Before you commence any development project, it is obviously crucial to first establish how much you can borrow and how you will be able to manage all associated costs of the…
What jobs in Australia pay really well? Well, the Australian Taxation Office (ATO) has just revealed the highest-paid jobs in the country, and once again, surgeons have claimed the top spot, earning an impressive average of $460,356. According to an article from Yahoo Finance, this figure only accounts for 4,170 workers in the country, but…
The monthly CPI indicator showed inflation increasing in the year to May, with the ‘trimmed mean’, annual inflation measure lifting to 4.4%, up from 4.1% in April. While the monthly CPI indicator isn’t as complete a measure as the quarterly inflation result, there is concern that inflation is back on the rise, which could necessitate…
There will be a 21 per cent jump in the number of millionaires in Australia over the next four years, mirroring a trend in developed and developing nations, according to the latest UBS Global Wealth Report. The number of adults worth $US1 million ($1.48 million) or more is expected to grow in 52 out of…
There are 11.1 million dwellings in Australia with a total value of around $10.3 trillion and at any time there are over one hundred thousand properties for sale. And now that the markets have moved to the next phase of the property cycle, strategic investors are back in the market actively purchasing properties knowing the…
Australia continues to endure a rental crisis, where extremely low vacancies, low stock and record-high rents have created a pressure-cooker environment for renters. But despite the challenges, space is still top of the list for many, with demand remaining robust for larger rental properties. New research reveals that houses with 4 bedrooms, 2 bathrooms and…
Unit values in more than a dozen Sydney and Melbourne suburbs are on the verge of hitting fresh peaks. This comes as the pace of price increases gathers speed amid low supply and intensifying buyer competition, according to CoreLogic data. Last month, nearly two out of five suburbs nationwide reached new highs in unit values….
Western Australia is prioritising the alleviation of its housing shortage with a novel fast-tracking system for the approval of granny flats. Recognising the growing demand for affordable and diverse housing solutions, the state government has recently implemented changes to streamline the planning process. These reforms aim to cut down the red tape and bureaucratic delays…
Crisis conditions have gripped Australia’s rental markets in recent years, with affordable rentals now few and far between. According to PropTrack, nationally advertised rental prices are up 43% for houses and 46% for units compared to pre-pandemic levels. In some markets, like Queensland and WA, median advertised weekly rents have surged by close to 80%…
Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%). According to new data released by CoreLogic this week, Brisbane now has the second-most expensive housing in the country, behind Sydney. Prices rose by 1.4% in…