More than half of Australians over the age of 55 are open to downsizing, according to a new report based on a survey of 2,400 households. The main barrier to moving to a smaller home is a lack of housing that matches their needs and preferences. The rapid growth in the number of older Australians adds to
A relatively low level of medium density building approvals has highlighted the need for new options to be made available for certain sectors of the Australian population, according to a residential research expert. CoreLogic’s head of residential research, Eliza Owen, has outlined that Australia is being dogged by a persistent “missing middle” when it comes to
Survey Finds Positive 2020 Outlook Housing markets look promising for growth in 2020, with 52% of experts expecting house prices to rise to above their pre-decline levels, according to the latest survey by comparison website Finder. Only 12% of experts expect house prices to fall. Another positive aspect that home-buyers can look forward to is
Overview First Home Loan Deposit Scheme The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of
Although Australia is still building some of the world’s largest houses, the size of free-standing houses have reached a 17-year low, with implications for developers and builders, reveals a new report. Aussies were building the largest free-standing houses in the world seven years ago according to data commissioned by CommSec from the Australian Bureau of
Are you getting confused with all the different first home buyer assistance schemes out there? We have put together a list for you to make it easier: New! Australian First Home Loan Deposit Scheme From 1 January 2020, eligible Australian first home buyers with a 5% deposit can get home loans without lenders mortgage insurance
As housing affordability continues its downward trajectory, pricing many the Australians out of residential markets, the question remains: Is the traditional “great Australian dream” of home ownership still what today’s demographic strive for? While lifestyle and population has significantly changed over the last two decades, housing requirements have also shifted dramatically. In Melbourne, voted the
Discover Nudgee Square: 3-bedroom family homes with a shared pool from $445,000 Imagine finding a beautiful newly built 3-bedroom home, in a supreme location, complete with a shared pool and recreation area, for just $445,000. Nudgee Square offers a unique opportunity for buyers to enter the market at an affordable price-point and purchase a home that
Article Source: BMT Tax Depreciation, September 2019 The Australian Tax Office (ATO) recently released their taxation statistics for FY 2016/17, providing insight into what a ‘typical’ residential property investor looks like. The ATO found 64 per cent of people who own investment properties have an income under $80,000 per year, despite the belief that most
Australia has many rising markets charted by an increasing number of house and unit sales. Market sentiment appears to be spurred on by the Reserve Bank cutting interest rates to historic lows this year, APRA removing the 7 per cent interest rate buffer on mortgage lending, and negative gearing left unchanged. Following a period of decline in some markets, Hotspotting.com.au founder Terry Ryder
