Changes Help Buyers
New legal changes in our largest states aim to make things easier for would-be home buyers. This comes after so many potential purchases have been majorly disappointed in the past. In NSW In Victoria Both these changes are in the favour of purchasers. NSW has been plagued with stories of agents underquoting on likely sale […]
Mortgage Brokers Still Have a Place with AI
In future, will people arrange their loans via AI – making brokers redundant? The last few days, we have seen job losses in some of our major technology companies laying off: For Block, this represents 40 per cent of its workforce. Most commentators argue that AI will impact white collar workers more than most – […]
Can anybody see property stop growing?
By Graeme Salt The total value of residential dwellings in Australia is now $12,307.2 billion according to the Australian Bureau of Statistics (ABS). How much of your wealth is tied up in property? According to the ABS there has been an increase of $384.8 billion since the previous quarter. While the value of Australia’s property […]
33,000 deaths this year will impact the property market.
By Graeme Salt My Mum’s death will help reshape where and what we purchase, who buys and how much they pay. Her passing is part of the great wealth transition, where assets are being transferred from baby boomers to their kids – helping them get on the property ladder. According to research by demographer Bernard […]
Can anybody see property stop growing?
The total value of residential dwellings in Australia is now $12,307.2 billion according to the Australian Bureau of Statistics (ABS). How much of your wealth is tied up in property? According to the ABS there has been an increase of $384.8 billion since the previous quarter. While the value of Australia’s property appears to be […]
Trees’ Impact on Property Value (Good and Bad)
By Graeme Salt $100, 000 – that is the difference in house prices between a well-positioned and poorly-positioned tree. According to research by the University of Technology Sydney*, a single street tree can potentially increase an average Sydney house price by $30,000. But, if a tree is too close to a home, it can actually […]
First-time Buyers. Is rentvesting for you?
Graeme chooses to rentvest
Why first timers may be wise buying a place – even as prices rise
Would-be first-time buyers are caught between a rock and hard place – either they buy at exalted prices, or they remain as tenants and pay exorbitant rents. The first-time buyer market is turbo-charged due to government incentives that only seem to benefit sellers. Yet, with rents also increasing dramatically, would-be buyers may still be best […]
Can Older Australians Get a Mortgage?
By Graeme Salt Many banks are realistic about lending to older Australians. Over the past 20 years, the number of Australians aged 55 to 64 who own their homes outright has almost halved. Meanwhile the portion of homeowners older than 65 with mortgage debt has gone from 4 per cent in 2002-03 to about 13 […]
If rates go up next week, what will it do to property?
By Graeme Salt Inflation figures released today, indicate that we are up for an interest rate rise. According to the Australian Bureau of Statistics, inflation gained a further 3.8 per cent – economists had been predicting a rise of 3.4 per cent. As a result, the Reserve Bank of Australia (RBA) is likely to raise […]