Melbourne and Canberra have joined Sydney in the $1 million-plus median house price club as the nation's property market soars into overdrive.
AFFORDABILITY
First home buyers are being priced out of Australia’s booming housing market, forecast to keep rising until affordability becomes a problem more broadly.
Two out of three told a recent survey that New South Wales prices will peak in the next six months, after rising more than 15% in 12 months.
Despite skyrocketing house prices individuals are still managing to get a foot on the property ladder.
The time to save a deposit to buy an entry-level house has blown out by an additional four months on average across capital cities.
Baby Boomers are often blamed for the housing affordability crisis, but empty-nesters living in large homes are just a symptom of property and policy mismatch.
There have been more homes pushing into the $1 million value or above, with 218 new suburbs joining the club.
The reserve bank has continued to hold interest rates at a record low of 0.1% as house prices across Australia keep rising.
Tenants struggling to make rent were the hidden losers of the Federal Budget, as the government's cash splash prioritised home ownership over affordable housing…
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The gap between house prices and apartment values has widened to a chasm, with detached dwellings appreciating more than twice as fast as multi-residential over the course of the pandemic.
Additional support measures for landlords and tenants impacted by the most recent lockdowns in New South Wales and Victoria have been unveiled, jointly funded by state and federal governments.
As far as pathways to an international property portfolio go, the route travelled by author, buyer’s agent and investor Pete Wargent is anything but typical.
Billion dollar development group ID_Land is looking to cash in on Australia’s regional property boom with $100 million worth of site acquisitions in country Victoria, while at the same time launching a new funds management division.
One of Australia’s most prolific apartment developers says investors are likely to turn their attention from detached housing to multi-residential dwellings in coming months, as the nation’s unprecedented simultaneous property upswing continues to broaden.
Private investors are driving a resurgence in industrial assets in Western Australia, enticed by strong income-producing opportunities in warehouses and logistics properties, service stations, medical clinics and childcare centres.
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