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 […]
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 […]
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 […]
Big Australia’s impact on the property market
By Graeme Salt There’s set to be 40 million Australians by the 2050s. Where will we house them? Already 52 per cent of us live in the three biggest cities. Despite its size, Australia is highly urbanised. And this urban concentration is not just confined to the largest cities; eight in 10 Western Australians and […]
Looking to buy a property but waiting for prices to drop?
By Graeme Salt Want to buy but nervous of a collapse in property prices? Chances are you will be waiting a very long time. Research just release by Cotality shows that over the past four decades, there were only six years where home values fell. At most it was a 6.1 per cent drop in […]