Treasurer Jim Chalmers has delivered Labor's first federal budget in almost a decade, in which he emphasised the government was making “hard decisions for hard times.” But despite this, there was one eye-catching announcement for Australia’s real estate industry: a new National Housing Accord, which sets an ‘aspirational’ target of...
Should you buy in a falling market?
Spring is in the air. Alongside the warmer weather comes what is traditionally the busiest season of the year for Australia’s property markets, with listings numbers and buyer activity usually significantly higher than during the winter months. This spring season will be very different from the previous two years, with...
How to get a good deal on home & contents insurance (and why it’s so important)
The ABC recently reported a heartbreaking story about a Victorian couple who had spent a decade building up a property accommodation business, only to watch it all burn to the ground one night – and they weren’t insured. Insurance is one of those products that can feel like a waste...
Your borrowing capacity is falling right now – but you can fight back.
You’ve no doubt heard that interest rates are rising. Over the past few months, the Reserve Bank has been increasing the cash rate, taking it from a record-low 0.10% in May to 1.85% in August, with further increases all but certain. As the Reserve Bank has been increasing the cash...
What would Warren Buffett do in the current property market?
Warren Buffett is one of the world's richest people and most successful investors. According to Investopedia.com, his net worth is listed at $100 billion as of June 2022. Buffett once explained why he and his business partner, Charlie Munger, had built such an incredible investing record over many years. "We simply...
What expenses can investors claim on their investment property?
Every year, the Australian Taxation Office announces its key focus areas for tax time. And almost every time, investment property income and deductions make the list as problem areas in which taxpayers commonly make mistakes. ATO assistant commissioner Tim Loh said that all property investors should make sure they include...
What can we expect from the property market in 2022?
Property prices rose by an extraordinary 22.1% last year, according to CoreLogic, and many people are wondering if the boom will continue throughout 2022. Nobody can ever say for certain what the future holds, but it’s highly unlikely prices will grow as quickly this year as they did the last....
Australian Property Prices
Australian property prices grew by 1.5% over August, according to CoreLogic.
Top 20 real estate suburbs in Australia
Well Home Loans have identified the top 20 suburbs in Australia showing telltale signs that strong price growth is just around the corner in the lender’s quarterly Green Shoots Report (see image). The report identified the suburbs based on the strongest combination of three key factors over the last three...
First home buyers
First home buyer activity is almost at record levels. Why? Because now is a very good time to be a first home buyer.Interest rates have never been lower. State governments are offering grants and stamp duty concessions. And the federal government has three schemes to help first home buyers: First...