For first-home purchasers, entering the buyer’s circle can seem overwhelming. A report by mortgage insurer Genworth found 76.9 per cent of prospective first-home buyers believe that saving for a deposit is becoming increasingly difficult.
Given the volatility and changing face of the current market, buyers need to be astute to find the right property in 2022. The key to success, however, often remains universal. Potential purchasers who display patience, vigilance, market perception and knowledge will be on track to achieve their property aims.
Whether you’re looking to buy your first home, upsize your current residence or buy an investment property, 2022 is set to be an exciting if not volatile year for property buyers.
Amid the biggest global pandemic in a century, house prices in Australia have risen by 22.4 per cent (the highest increase in 32 years). Coupled with inflationary hikes dominating the finance headlines and speculation about looming interest rate rises, it pays to be rate-rise ready.
A friend and his wife, who married young by today’s standards, bought a property as soon as they left home — and haven’t paid a day’s rent in their lives.
Family dining, entertaining, homework, games hub, even work and Zoom calls: a dining table must tick a lot of boxes. That’s why it’s important to choose a table that’s right for your style, functionality and budget.
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.
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.
Whether you win or lose in an auction environment, your success rate depends on how you play the game.
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.