This Week’s Featured News
Wait times balloon as scarce social housing is ‘rationed’
Australian state governments are struggling to meet growing demand for low-cost housing as cost-of-living pressure rises. Low-income earners can face a wait of more than 10 years for a tenancy, as social rental queuing times explode due to growing public and community housing scarcity, nationwide. A new report* released today from UNSW City Futures Research Centre reveals plummeting supply of social … Continue reading Wait times balloon as scarce social housing is ‘rationed’
Property flipping carries a higher risk now
Flipping risks are now more elevated Property flipping has often been an effective strategy for experienced properly investors who have successfully timed the purchase, renovation, and sale of their property assets. However, property flipping in softer market conditions can be very challenging, according to Pete Wargent, co-founder of Australia’s first national marketplace for buyer’s agent services, BuyersBuyers. Mr Wargent … Continue reading Property flipping carries a higher risk now
Surprising new research finds 4 in 5 mortgagees have a savings buffer and can meet rate rises
With interest rates expected to begin rising while the cost of living continues soaring, a new survey from financial information platform Money.com.au has revealed just how prepared Australians are to meet their mortgage repayment obligations. The good news is that 80 per cent of respondents say they have a buffer in their home loans to meet the … Continue reading Surprising new research finds 4 in 5 mortgagees have a savings buffer and can meet rate rises
Investment into small office assets grows
The office market has been one of the most disrupted due to COVID-19 lockdowns forcing staff out of the CBDs to work from home. While some states embraced the return to work quickly, it has been a longer grind for markets such as Sydney who are now faced with businesses developing hybrid working models, sparking … Continue reading Investment into small office assets grows
Queensland commercial markets stimulated
With the looming Federal election there has been a vast array of increased expenditure across the infrastructure sector that are set to impact local property markets. The $120 billion 10-year infrastructure plan sees initiatives across the country heavily aligned with transport including fast rail, roads, freight movement stimulating job security and continued economic growth. The additional … Continue reading Queensland commercial markets stimulated
Proof Investors are not the driving force behind property price hikes
A study conducted by BMT Tax Depreciation, Australia’s leading supplier of tax depreciation schedules, has revealed that the average Australian investment property value is well below the average value of all national dwellings reported by the Australian Bureau of Statistics. BMT, who have prepared almost 800,000 depreciation schedules for investment properties, looked at the average … Continue reading Proof Investors are not the driving force behind property price hikes