“House price movements since the year 2000 have affected some regions more than others, with amenity-rich ‘sea-change’ or ‘tree-change’ localities especially affected by rising house prices,” the March 2011 report says. Further research shows that uncertain supply processes for the rental market in rural centres have also contributed to the high degree of unaffordability in housing.
The Australian Federal Government’s May 2021 budget offers positive signs for first-time buyers in the real estate sector. In terms of a recap and brief overview, the budget makes allowance for an extra 10,000 places to be added to the First Home Loan Deposit Scheme. The scheme enables first-home buyers to purchase a property with a deposit of five per cent.
Buyers are being warned not to succumb to temptation and borrow beyond their means. It’s important they are wary of overextending themselves financially because the responsibility is effectively shifting from lenders to borrowers.
Record highs for Sydney property values are great news for the real estate industry but challenging for potential buyers.
Housing in regional markets may have outperformed their city cousins in annual price rises for the first time since 2004, but results in the prestige market are also helping restore confidence.
The landlord/tenant dynamic is rarely smooth, even at its best. But the COVID-related rental freezes in 2020 further divided relations and opinion.
Whether you’re preparing for your first or your 10th home purchase, it’s crucial to get your loan application ready. But where to start with so many issues to consider? Throw away your dismay and settle in for a long – but exciting – haul!
Make no mistake! Interest rates always affect how much you’re paying to enjoy your dream abode. Incredibly far-reaching and essentially set by the Reserve Bank of Australia (RBA), interest rates also influence the how and why of property values across the country.
Rentvesting is becoming increasingly more popular in every part of Australia. Essentially, this concept sees you becoming both a landlord and a renter. Pick your favourite location, virtually regardless of its price, to rent out and at the same time, buy a cheaper property, more suited to your budget, as an investment.
Whether you live in Brisbane’s flood plain setting, or are surrounded by thick, drought-prone bushland, natural disaster zones can be both beautiful and hazardous. And never more so than in summer, now just a few months away. But you can protect your house and even enjoy great price growth and sales while enjoying life in our land of droughts and flooding rains, bushfires, storms and cyclones.