Many Australians are locked out of the property market. The latest ANZ-CoreLogic Housing Affordability report estimated dwelling values were, as of March 2022, a record 8.5 times higher than the median annual household income. Now compare that to March 2020, pre-pandemic, when the ratio was sitting at 6.8. However, despite...
First home loan deposit scheme – in simple terms
So we heard on the radio today that over 70% of Aussies see homeownership for first home buyers as almost impossible nowadays. And it makes sense. Now to be fair, we're not sure if it’s actually home prices that are the issue or stagnant wages. Perhaps a bit of both?...
How to make the most of your home’s equity
It might not feel like it, but Australians have never been as wealthy. Household wealth skyrocketed by $590 billion over the September 2021 quarter to hit a record $13.9 trillion, according to the Australian Bureau of Statistics’ most recent figures. Wealth per capita rose to a record high of $540,000....
Australian Property Prices
Australian property prices grew by 1.5% over August, according to CoreLogic.
Say goodbye to the landlord
Want to say goodbye to the landlord and buy your own premises? Or perhaps you’re a savvy investor looking to take advantage of historically low-interest rates and dip your toes into the commercial market? Either way, it appears you’re in good company. The commercial property market is proving to be...
Home Price Growth & Forecasts
Ratings agency Fitch has bumped up its property price growth forecast for Australia, and is now expecting prices to soar by as much as 16% this year. That’s significantly higher than the agency’s previous estimate released in December 2020 – which forecast growth of between 3-5%. It also places Australia...