Housing affordability remains a pressing concern in Australia, shaping the landscape of property ownership and investment. As the dynamics of property ownership evolve, access to finance emerges as a significant challenge for both homebuyers and investors seeking to expand their portfolios.
NSW Councils Grapple with Housing Targets Amidst Rising Costs
Housing affordability remains a pressing concern in Australia, shaping the landscape of property ownership and investment. As the dynamics of property ownership evolve, access to finance emerges as a significant challenge for both homebuyers and investors seeking to expand their portfolios.
Retirement Homes: Shaping Australia’s Property Market Amidst Housing Crisis
Housing affordability remains a pressing concern in Australia, shaping the landscape of property ownership and investment. As the dynamics of property ownership evolve, access to finance emerges as a significant challenge for both homebuyers and investors seeking to expand their portfolios.
Navigating Housing Affordability: Strategies for Prospective Buyers in Australia
Housing affordability remains a pressing concern in Australia, shaping the landscape of property ownership and investment. As the dynamics of property ownership evolve, access to finance emerges as a significant challenge for both homebuyers and investors seeking to expand their portfolios.
National Home Prices Hit New Record in May Amidst Continued Growth
The Australian housing market continued its upward trajectory in May 2024, marking 17 consecutive months of price growth. National home prices increased by 0.3%, reaching a new record high, propelled by factors such as robust population growth, tight rental markets, and significant gains in home equity.
Australian Home Values Surge in May, Mid-Sized Capitals Lead the Charge
May proved to be a remarkable month for Australia’s property market, with CoreLogic’s Home Value Index showing a significant 0.8% increase—the largest monthly gain since October of the previous year. Mid-sized capitals like Perth, Adelaide, and Brisbane experienced particularly robust growth, with home values rising by 2%, 1.8%, and 1.4%, respectively.
Weekend Auction Markets Show Resilience Despite Holiday Distractions
Weekend Auction Markets Show Resilience Despite Holiday Distractions
Despite the holiday weekend, major Australian cities experienced positive results in their weekend auction markets, with the exception of Brisbane. Canberra led the pack with the strongest auction clearance rate at 74.9%, followed closely by Adelaide at 74.1%. Sydney and Melbourne also posted respectable clearance rates of 72.9% and 58.1%, respectively.
National Housing Markets Show Steady Price Growth in May
The national housing market has demonstrated continued resilience, with steady price growth observed during the late autumn selling season, delivering positive outcomes for sellers across the country. According to recent data, house prices in most capital cities experienced an upward trend in May, with notable performers including Canberra, Brisbane, and Perth.
The Impulse Spending Epidemic: Australians Splash $915 Million Weekly on Spontaneous Buys
New research from Finder sheds light on Australians’ spending habits, revealing a staggering $915 million is splurged nationwide each week on impulse purchases. The study highlights that young Australians, particularly Gen Z, are the biggest contributors to this trend, averaging a weekly spend of $74. In contrast, Baby Boomers are more conservative, spending just $9 weekly on spontaneous buys.
Maximizing Property Investments: The Profitable Renovation Approach
Residents of Kensington Banks are facing significant financial challenges as their properties experience a decline in value and insurance costs soar. This predicament stems from the state government’s decision to reclassify homes in the area as flood-prone, triggering a series of consequences for homeowners.