Which Victoria suburbs are next to boom? Well, according to REA Insights, Dromana on the Mornington Peninsula has been identified as the Melbourne suburb to watch, with its beachside lifestyle, relative affordability and proximity to the city proving a winning formula with families. Its top features include pristine beaches and close proximity to Melbourne. According…
The dreaded “Not In My Backyard” reaction of homeowners who have the temerity to object to neighbourhood changes they never voted for (or were even asked about) is reaching plague proportions if you believe what some urban designers and planners are saying. This scourge of the NIMBY is threatening the progressive development of cities, they’ll…
What does Australia’s surging population mean for our housing markets? It’s old news now…Australia is experiencing a population boom due to increased migration. But this is creating a serious problem…With very few available homes and rising costs, can we accommodate everyone? According to the Australian Bureau of Statistics (ABS), in 2022 the population grew by…
Australia’s property market is forecast to see around 55,000 build-to-rent (BTR) units by 2030 in an effort to help alleviate the rental crisis, but its true impact will be minimal. A recent Knight Frank report explained how there are around 8,350 dedicated BTR apartments under construction nationally (as of September 2023) and a further 12,900…
With the nation feeling the pressures of a housing crisis, some believe the Australian government needs to ease housing demand by limiting international migration. To others, this sentiment comes across as xenophobic. They dismiss it outright, based on moral grounds. How can a nation of settlers, built on unceded Indigenous land, contemplate the notion of…
Where we work has everything to do with the transport choices available to us for getting there. For CBD and inner-city workers, transport choices are amongst the widest – including a variety of forms of public transport (ferries, buses, trains) along with more options for walking and cycling (thanks to the infrastructure but also because…
The Victorian government will expand its vacant residential land tax to the entire state from 2025 as part of its plan to ignite construction and tackle the housing supply shortage. The tax is charged at 1% of the total value of the property and is currently only applied to existing residential properties located in the…
Are you looking to get into property investment, or maybe you’re keen to add to your existing property portfolio? With all the mixed messages in the media many Aussies are wondering “should I buy, should I sell, should I hold”? Well, maybe you should buy an investment property… But maybe you shouldn’t. Fact is, I’ve…
Is your mortgage stressing you out? Well, you’re definitely not alone. According to Finder’s Housing Market Report: Navigating Refinancing in 2023, with home loans at their most expensive in the last 11 years, Aussie mortgage payers have reached a breaking point. In fact, data from the research unveils that 62% of those who are planning…
I don’t know about you, but I am losing count as to how many new homes the federal government is promising to build over the next five years. At the time of writing, it is up to 1.2 million – or 240,000 per annum – between 2024 and 2029. The Albanese government will give the…