The 2021 Intergenerational Report, released by the Australian Government, identified an ageing population as “Australia’s greatest demographic challenge”. Figures show that 16 per cent of the Australian population is aged 65 and over, and growing.
With spring and summer temperatures set to soar in the Southern Hemisphere, protecting loved ones and assets is our number one priority.
Reverse mortgages are an increasingly popular way to boost the bank balance for those approaching their twilight years.
“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!