Traditionally, there’s been a perception that young Australians want to live in our capital cities, thanks to the career opportunities, buzzing nightlife and vibrant lifestyle. But new data from the Commonwealth Bank and the Regional Australia Institute’s Regional Movers Index has turned that notion on its head. The index found...
Labor’s Plans to Tackle Worsening Housing Affordability
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...
4 simple ways to save for a home deposit
Given the median value of a home in Melbourne was over $800,000 in April, it’s no wonder that getting on the property ladder can seem tough. Your biggest challenge? Saving that all-important deposit – which can take years of scrimping and saving. But all is not lost. With a solid...
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....
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....
Increasing demand for industrial properties
There’s been an increasing demand for logistics and industrial properties – with the market outperforming historic benchmarks, according to global real estate services firm JLL
Australian Property Prices
Australian property prices grew by 1.5% over August, according to CoreLogic.
Suburbs that are cheaper to buy than rent
Sometimes, when you’re a first home buyer, it’s cheaper to buy than rent. In other words, if you were to buy a property in the suburb where you were currently living, the monthly mortgage repayments would be less than your current monthly rent. NAB has identified a series of Melbourne...
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...