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Rental guarantees are actually a trap — and developers use this ruse to keep flooding the market with overpriced units
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A “substantial correction” is looming for the Australian property market as it faces a housing oversupply crisis, according to a new report.
The average median price for houses across the nation rose by 2.1% over the June quarter, according to the Real Estate Institute of Australia (REIA).
As Australia’s mortgage insurance providers force struggling homeowners into bankruptcy, analyst reveals that most Australians don’t understand that their policies favour lenders, not borrowers.
The latest Vacancy Rate Survey by the Real Estate Institute of New South Wales revealed tighter residential vacancy rates all over Sydney, with an overall vacancy rate of 1.8%.
The number of loans for owner-occupiers may have fallen across the board in July, but the Housing Industry Association (HIA) said that this should not be a cause for concern.
The value of interest-only loans had risen to $7bn, accounting for more than one in three new property loans, according to the Australian Securities and Investments Commission.
More than 70% of the 1,000 respondents in the latest Property Investor Sentiment Survey believe that now is a good time to invest in property.
Leasing activity in Perth’s rental market soared by 17% in August, according to the latest REIWA data, with the biggest spikes occurring in the CBD and the northwest.
The blanket bans on pets in apartments, units, and townhouses could soon come to an end with the recent landmark determination from the Victorian Civil and Administrative Tribunal.
A US defence think tank has warned that Australia only has six weeks to prevent a housing market collapse, due to the banks’ crackdown on foreign investor lending.
The median Canberra home price would have been $642,000 by now instead of the current $535,000, if not for ACT’s land tax policies.
Loans 30 days or more in arrears have risen in the June quarter to 2.16% at regional banks, according to a new Moody’s Investor Service report.
Sydney’s population is growing faster than expected, meaning a diversity of housing types is needed.
The latest REIA Housing Affordability Report showed that the proportion of median family income required to meet average loan repayments has dropped to 29.4% over the June quarter.
The latest figures released by the Real Estate Institute of Victoria showed Carlton topping the list of suburbs in Victoria that are cheaper to buy than rent.
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