Australia continues to endure a rental crisis, where extremely low vacancies, low stock and record-high rents have created a pressure-cooker environment for renters. But despite the challenges, space is still top of the list for many, with demand remaining robust for larger rental properties. New research reveals that houses with 4 bedrooms, 2 bathrooms and…
Impulse purchases are costing people thousands of dollars every year, according to new research by Finder. The survey of 1,071 respondents found the average Australian splurges $44 a week on impulse purchases – $915 million nationwide every 7 days. That’s the equivalent of $2,278 a year – $47.5 billion nationwide – spent on everything from chocolate…
Key takeaways Investors are increasingly shying away from investing in apartments, because of the COVID-19 pandemic and the influx of shoddy high-rise apartment buildings built during the last building boom. My view is that it depends on the location, neighbourhood and size of the apartment. Australia’s apartment market outlook is poor, with many cheaply constructed…
Crisis conditions have gripped Australia’s rental markets in recent years, with affordable rentals now few and far between. According to PropTrack, nationally advertised rental prices are up 43% for houses and 46% for units compared to pre-pandemic levels. In some markets, like Queensland and WA, median advertised weekly rents have surged by close to 80%…
Insurance is one thing that many Aussies overlook. But whether you’re a homeowner or investor, it’s important to make sure you’re covered against anything happening to your property. And for strata-titled properties, building insurance is included in your quarterly owner’s corporation or body corporate fees so owners just need to ensure they have adequate cover…
Key takeaways There are always stories about the challenges of housing affordability in the media, and this seems to be dividing us into a nation of those who are property owners and those who believe property will always be unaffordable. But what’s the real story about property in Australia? The proportion of first home buyers…
Key takeaways About 70 per cent of investors own one solitary property, and of the 2.1 million property investors in Australia, only 20,000 people own six or more investment properties. Most Australians who try and secure their financial future through property investment fail. Australians tend to love property, go to open homes and auctions, and…
As you ponder home improvements, double glazing often surfaces as a potential upgrade. But is it worth the investment? This question isn’t just about cost; it’s about comfort, energy efficiency, and even reducing noise pollution. Note: Double glazing involves two layers of glass with a space between them, designed to reduce heat loss and external…
Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%). According to new data released by CoreLogic this week, Brisbane now has the second-most expensive housing in the country, behind Sydney. Prices rose by 1.4% in…
There are 106 suburbs across Australia that are cheaper today than they were five years ago, new analysis shows, despite house and unit prices doubling at the same time. That’s one of the reports from Domain that I’m going to chat about today with Dr. Nicola Powell, Domain’s Chief of Research and Economics, and we…
