A recent report revealed that seven in 10 Aussies believe owning their own home is crucial to their overall happiness. Great Southern Bank commissioned a study on the relationship between living situations and happiness, and the results are in: owning your own home makes a substantial difference to emotional wellbeing. The research report found that […]
As housing unaffordability and cost of living continue to plague Australia’s major cities, it might be time to turn to the nation’s smaller housing markets. Property Investment Professionals of Australia (PIPA)’s October national market report revealed a downturn in investor activity nationwide. New loan commitments have dropped 27 per cent among investors, and sales are […]
These days, achieving the great Australian dream requires a great deal of stretching and penny pinching, but new analysis indicates it could soon be largely out of reach for the average Aussie making their way onto the property ladder. According to financial comparison site Canstar, Australian home ownership could become largely unachievable should property prices […]
The network CEO has aired some lessons he learned out of the global financial crisis (GFC), not only advising buyers to act but pinpointing some markets that might reward investments. Introducing the brand’s 2024 property report, dubbed Prepare for Take-off, Mr McGrath spoke in terms that framed the Australian property market as both volatile and yet […]
In the ever-evolving landscape of property investment, there is an undeniable truth that many investors are currently feeling the pain. In a recent episode of Property Investing Insights with Right Property Group, Phil Tarrant along with Steve Waters and Victor Kumar discussed why certain segments of property investors have currently found themselves in uncertain territory. “I […]
First home buyers are required to save for over a decade on average to afford a deposit on a home, new research has found. An analysis from comparison site Finder has found that younger first home buyers (FHBs) need at least 16 years to save for a deposit on the average house and 12 years […]
Australia’s central bank has handed out its October cash rate decision at its monthly board meeting. In what was the first cash rate decision delivered since former Governor Philip Lowe’s departure, the Reserve Bank of Australia (RBA) opted to hold the official cash rate at 4.10 per cent. Despite August’s Consumer Price Index (CPI) indicating a slight […]
Overseas buyers and renters are staking a claim on the Australian property market, with nearly one in 10 aspiring renters Zooming in from abroad. Analysis conducted by the virtual tours platform Little Hinges has found that a staggering 9.3 per cent of rental inspections in August came from outside Australia. International buyers were similarly keen, […]
From Melbourne apartments to Queensland family homes, investors have sized up the pros and cons of each Australian state. According to the latest Investor Sentiment Survey of Property Investment Professionals of Australia (PIPA), 2023 has been a year of considerable market shifts. In this brave new world of rental freezes, land tax reforms and the lingering effects […]
By the end of this year, hundreds of thousands of fixed-rate loans will have expired, with mortgagees left to decide how to proceed. And according to Zippy Financial director and principal broker, Louisa Sanghera, many will not have the option of refinancing due to shifting financial circumstances. “The rapid increase in interest rates since May […]