Is it getting harder to make your mortgage repayments now that your family is growing? Sure, it’s worth it – after all, you bought your home with the vision of bringing up your family there – but that doesn’t mean that it isn’t a struggle sometimes.
The ABC points to the “dark side” of Airbnb and its effect on long-term rental prices. Empty houses are being linked to higher housing prices and to foreign investment, most often Chinese investment. The Australian headlines that “China buyers raise ghost town fears”.
Eligible applicants who don’t have a “priority need” can wait up to ten years to be housed. They face strict eligibility checks just to remain on the waiting list.
A growing proportion of Australian households depend on the private rental sector for accommodation. This growth has occurred despite substantial insecurity of tenure under the law, unlike other countries with high private rental rates, such as Germany.
A construction loan is a type of home loan designed for those who are building their own property instead of buying an established home. Construction loans are structured differently to ordinary home loans and commonly operate with an incremental progress payments.
Landlords should understand the pros and cons of managing their own rental properties. Are you better off doing it yourself or is outsourcing to an expert agent the right fit for you? To help you make that decision, here is a snapshot of the chief advantages and disadvantages of parting ways with a property manager and dealing direct with your tenants.
Saving up a deposit to buy a home can be a daunting task. As much as you might want it to be a sprint to the finish line, it’s really more like a marathon, where taking it slow and steady can be the best way to achieve your goal.