Breakthrough in property prices
By Graeme Salt For the first time ever the average dwelling price nationally eclipsed $1 million and these prices are likely to go much higher. Figures produced by the Australian Bureau of Statistics (ABS) shows major rises in property prices. Over the past five years, national average prices are 44.3 per cent ($307,800) higher with SA […]
Generation Rent: Aussies who fear they’ll rent forever
Kirsten Craze| Daily Telegraph| 27 September 2019 https://www.news.com.au/finance/real-estate/generation-rent-aussies-who-fear-theyll-rent-forever/news-story/536bfb623c91856eb0416922617beced A growing number of Australians are becoming part of ‘Generation Rent’. Picture: Jason EdwardsSource:News Corp Australia Australia’s “generation rent” is a growing breed, but property and finance experts believe there is light at the end of the tenant tunnel for those who can think outside the box. […]
Why you should try selling a home in a festively-named street at Christmas
Melissa Heagney| Domain| 4 December 2019 https://www.domain.com.au/news/why-you-should-try-selling-a-home-in-a-festively-named-street-at-christmas-914833/ People selling a house in a uniquely-named street name could add thousands of dollars to the sale price, new research shows. Academics from Deakin University, National University Singapore and the Chinese University of Hong Kong found that Sydneysiders had a preference for longer, one-word street names in their […]
Graeme’s Investment Experience #1
This week sees the completion of the construction of a granny flat I am building on my investment property in Brisbane. It’s been quite a journey with a few ups and downs. I bought the investment property with the express intention of building a granny flat. Here is what I learnt from the process. […]
Are you a property winner or loser?
For the rest of the year Australia will have a two-speed property market. For those with strong incomes and healthy savings, Australia is a land of opportunity with a property market starting to rise. But for others, trapped by high interest rates, there’s limited opportunity. For them – refinancing or buying will be tough. According […]
Lies, Damn Lies and Statistics in Property
Sydney’s clearance rates are down to 73 per cent from an April high of 90 per cent, Does this mean that the sky is falling in that prices will soon drop? Almost certainly not in my opinion. 73 per cent is still considered to be a sellers’ market (albeit not as strong as previously). Given […]
The Good and Bad of Buying Off-Plan (and how your mortgage broker can help)
We have all seen the headlines of someone making a motza after buying a property off plan. But behind the scenes there is often a mortgage broker who has worked really hard to turn your dreams into reality. And, as the property markets peak, we could be seeing stories of people losing their savings on […]
Your Interest Rates Could Be About to Go Up!
The regulator’s drive to calm down the (investor) property market may be having a negative impact on home owners. Who, through no fault of their own, are seeing interest rates rise. Ironically this is happening at a time when other home owners are enjoying ultra-low interest rates. The government regulator, the Australian Prudential Regulatory Authority […]
Good News in the Property Market?
For those who find themselves continually losing out on a property, good news could be at hand. It is VERY early days, but data just released by the Australian Bureau of Statistics (ABS) indicate that there could be a cooling off of the (investor) property market. According to the ABS monthly approvals data shows that […]
Why You May Not Be Able Get An Ultra-Low Loan and Why It’s No Disaster
We all like to believe we have got a good deal. And, sometimes, we see home loan rates that are really cheap and we all want a piece of the action. Truth is, for many of us, these ultra-low rates are unobtainable – but the alternative ain’t half bad. There are many on-line sites which […]