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...
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...
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...