The state’s regions have capped off a strong 2022 despite eight interest rate rises and “a confluence of pressures from the rental market”, says the REIV. The Real Estate Institute of Victoria’s (REIV) December Quarterly Median Report has highlighted that regional Victorian house prices jumped 8 per cent over the 12 months of 2022, reaching $610,000. Over […]
New research has revealed the top investment-grade suburbs around the country primed for buyers to enter with a purchasing advantage. Well Money’s list filtered out suburbs that: Weren’t investment-grade Where demand had not been falling Where prices had not increased by at least 45 per cent over the past decade This left a small portion […]
One industry expert has advised investors of her non-negotiable practices they must employ heading into the new year. According to Anna Porter, the principal of Suburbanite, 2023 presents a year of opportunity for savvy property investors clever enough to capitalise on market conditions. Falling under her umbrella of rules are practices such as budgeting, buffering, diversifying, […]
For aspiring home owners in 2023, the Real Estate Institute of Western Australia (REIWA) recommended getting financially fit before embarking on a house-hunting journey. The new year usually marks the start of taking on new goals, and for a significant portion of Aussies, turning the Great Australian Dream of owning a home into a reality […]
More than half of potential future Australian home buyers believe they can afford a standalone house in the next five years. The survey of 1,500 prospective home buyers, of which 50 per cent comprised first home buyers, found that 55 per cent of first home buyers want to buy a standalone house in their desired […]
Paramedics and early childhood educators are now included in the NSW government’s Shared Equity Home Buyer Helper scheme, after the eligibility was expanded. The NSW government’s multimillion-dollar Shared Equity Home Buyer Helper scheme — which will officially launch on 23 January 2023 — will now cover paramedics and early childhood educators as well as first […]
Despite property prices falling this year, it would cost a Queensland borrower 40.3 per cent of their income to service a new mortgage, according to a new report. As Queensland continues to grapple with strong internal migration and investment opportunities not slowing down, the cost of servicing a new mortgage has continued to rise, according […]
According to the research body’s November Home Value Index (HVI), Australia recorded its smallest monthly value decrease this financial year. Not since June have home values reduced at a slower rate than November’s 1 per cent decrease. Following the seventh consecutive month of decline, CoreLogic’s HVI currently sits at 7 per cent, a total of […]
The total value of Australia’s residential dwelling has continued to fall from its $10 trillion peak, down to $9.6 trillion in the September quarter, the latest data has revealed. The latest data from the Australian Bureau of Statistics (ABS) showed the preliminary estimate of the total value of residential dwellings fell $358.9 billion to $9,674.4 […]
The number of capital city homes advertised for rent reached a decade low through November while regional rental ads reached the lowest level since 2009, new research showed. CoreLogic’s latest Hedonic Home Value Index has revealed “extremely tight” rental markets around Australia, with vacancy rates holding around 1.00 per cent or lower in most regions. […]