Investors with national property portfolios need to understand the recent housing policy released in Victoria. State-based changes always have a fundamental impact on investors’ thinking. Most recently, we have seen concerns with Queensland policy proposals that its state government eventually stepped away from. However, that reversal didn’t happen before many landlords started putting their Queensland…
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A water heater might be the last piece of domestic equipment you’d expect to fail in late spring or summer. Usually, that little disaster reserves itself for cold winter nights when hot water is essential. However, the unfortunate truth is that a water heater can break down at any time of the year. It usually…
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A “looming shortfall” of medium-high density housing stock has been forecast by industry researcher CoreLogic, signalling a possible opportunity for investors. More than a quarter of the national housing stock (25.9%) falls into the medium-high density bracket, and CoreLogic sees trouble ahead with the latest data showing the nation’s population increased 2.3% to $26.4 million…
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There’s a possible silver lining for investors in the prediction from industry research group CoreLogic that rent growth will slow next year. Increases in interest rates, coupled with a historic shortage of rental properties across Australia, have been the main contributing factors to the rise in rents. CoreLogic has recorded 35 consecutive months of average…
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Saving for a deposit for your first home requires discipline and can be hard work, and many younger buyers have decided to leave their home city to build a life in regional Australia. It’s a big move but understandable when interest rate rises push prices beyond budget. It’s smart to rethink your strategy so you…
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Australia’s real estate market continues to recover with a steady climb in the number of properties coming onto the market and being sold within 30 days. Industry researcher CoreLogic also reports fewer properties are now being discounted to secure a buyer. Where discounts were offered, the median value was down 3.8% in the three months…
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The rising cost of construction materials is finally coming off the boil. And that spells good news for house-and-land package buyers and those prepared to purchase either vacant land or demolish an older home to start again. The price pressure on construction materials began in June 2019 and hit the headlines during Covid. Quarterly price…
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Few owners seeking quotes to install solar panels do so without asking a fundamental question about the future: will I be able to charge an electric vehicle? While solar panels are a great asset for reducing your utility bills, many fail the ultimate test of being able to power an EV. Buyers are now increasingly…
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The year is rattling by, and it seems a little unbelievable to start talking about preparations for Christmas and the New Year. But the festive season will be upon us quickly, and it’s always a good idea to plan as early as possible. Entertaining family and friends is one of the great pleasures at any…
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As we approach the end of the year, it’s worthwhile taking stock of what has been a rollercoaster ride of emotions for real estate buyers and sellers. It culminated in three influential industry associations recently joining forces to persuade the Biden administration to urgently address home ownership affordability. The historically wide gap between the interest…
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