Beyond the headlines, there’s still growth. But where?
By Graeme Salt Forecast rate rises and the Iran War has added pessimism to the property market. But is it well-founded? Long-term research by Suburb Trends shows that some locations are under-performing while others over-performing, despite recent declines if consumer confidence. Australia has many different property markets, whose economic performance tends to revert to the […]
You have agreed to buy your new home – now what happens?
By Graeme Salt Settling on a property can be one of the most stressful exercises you will have to go through. In Australia, many contracts expect there to be 42 days (six weeks) between exchanging on a property and settling. This allows time for everyone to get their ducks in a row. Things like: The […]
There are markets within markets.
By Graeme Salt If someone tells you the Australian property market is dead, they could be both right and wrong at the same time. If someone tells you the Sydney property market is dead, they could be both right and wrong at the same time. Even in a flat market, certain locations can show stellar […]
Are we heading for a property bloodbath?
By Graeme Salt This weekend auction clearance rate fell to 60.9 per cent, according to research house Cotality. Such a low figure can imply there are more sellers on the market than buyers; often a pre-cursor to a price drop. In the current climate (rate rises and Iran war) this is far from surprising. Such […]
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 […]
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 […]
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 […]