Buying power and how to wield it
Affordability means different things to different people. For economists, it refers primarily to housing stress – when home buyers spend more than 30 per cent of their gross household income on housing costs.
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How first-home buyers can avoid costly mistakes
Whether it’s a new apartment or an old one – or even a house in the outer suburbs – finding an affordable home isn’t easy for anyone starting out. And in all the excitement of house hunting, it’s all too easy to make mistakes. The following tips are designed to put first-home buyers on the path to achievable and manageable property acquisition.
How to succeed at auction
Whether you win or lose in an auction environment, your success rate depends on how you play the game.
Pro-active lessons to be learnt from the year that was
The year 2021 was defined by market highs and pandemic lows, record rises and construction woes. Incongruously, this combination ultimately proved a boon for property values.
Gaining mortgage approval the smart way
With the phenomenon of instant loans and repayment conditions that favour the lender, it pays to think wisely before making your home loan decisions.
When is the right time to buy property?
Knowing when and where to buy property is the basis for wealth creation. Some investors adhere to a standard principle: rather than “timing the market”, they attribute the financial gain to “time in the market”.
Buyer beware of quick purchase decisions
About a third of property buyers fail to arrange professional building and pest inspections, according to an ME Bank survey. A further startling statistic reveals that more than half of Australian house hunters spend the same amount of time inspecting a property as they do bingeing Netflix for an hour, according to the research.
The ins and outs of house flipping
House flipping, which the industry refers to as “fix and flip”, can add up — in theory. But will the renovation reality mirror the profit vision?
Why buyers continue to love regions
Research reveals a continued surge in the number of people moving from capital cities to regional centres. According to the June-quarter Regional Movers Index, there was an 11 per cent rise in the number of people moving from capital cities to regional areas, compared with the June 2020 quarter.
Investing in time is your biggest windfall
It is often said that you make money in real estate when you buy (rather than sell), so acquiring local knowledge will avoid the chance of overpaying, and the long-term negatives of added interest and overleveraging that accompany one of the property market’s most derided moves.