Despite a slow decline in home owners amid a country-wide housing affordability crisis, new Census data has revealed that the notion of possessing property is still achievable. The recent release of Census datas shows that national home ownership and rental rates vary across different locations. The data highlights a range of interesting statistics around housing, […]
First-home buyers have made the most of the Government’s new stamp duty concessions as part of their housing affordability package, returning to the auction market in force over the weekend. The measures, which kicked in on July 1, mean that first-home buyers are free of stamp duty for purchases up to $600,000 while discounts apply […]
The Daily Telegraph reports that a national survey, branded as Australia’s largest outside of the official Census, has revealed that over half of NSW residents between 25 and 29 believe that home ownership is no longer realistic. The survey, which consisted of Commonwealth Bank customers, varied considerably suburb to suburb. In the more affordable Sydney […]
Fifteen new priority precincts around Inner Western, South West and Northern Sydney have been announced in a move to combat the city’s housing affordability crisis and assist first home buyers. The new precincts are all located nearby public transport and have been identified as having broad social, economic and environmental significance to their respective communities. […]
In Sydney property terms, Hillsdale could be considered an affordable suburb with a median unit price of $653,500. It’s also a lesser-known suburb in heart of south-eastern Sydney, predominantly made up of apartments. RealEstate.com.au has recently reported that a four-level development has been approved for a site at 41-45 Rhodes Street where “there is DA […]
Housing affordability is the hot topic of discussion at BBQs and offices around the country. As the Federal Budget draws near, it’s interesting to look at how housing affordability is being addressed to date and also see the speculation about how the government might address the issue. What’s happened to date: Victorian Government: Cuts to […]
Business Insider reports that auction clearance rates in Sydney and Melbourne continue to exceed 80%. Many sellers are continuing to choose to sell their properties via auction regardless of new APRA rules that limit interest only lending coupled with renewed warnings from the RBA. The strength of the market may also be fuelled by […]
The Property Observer reports that Anthony Roberts, Minister for Housing and Planning, has announced housing completions have reached a record high, with 34,121 houses completed in metropolitan Sydney. This indicates a continuous swing to urban living locations close to jobs and transport nodes. The high completion numbers come from planning approvals that were defined two […]
The Victorian state Government has proposed the introduction of new legislation in a bid to provide greater security for tenants and landlords via decade long leases. The Age reports that Premier Daniel Andrews has said that changes to standard leases will see current 5 year restrictions lifted so there is no ‘artificial cap’ on the […]
Property investors speculating on capital gains need to be careful as rental yields in Sydney and Melbourne hit record lows. Low rental yields make property investment less affordable and investors more exposed to increases in interest rates, according to The Sydney Morning Herald. CoreLogic figures show the “gross” yield – before costs – on both houses and units reached record lows […]
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