Posts tagged with "housing affordability"
The salary you need to buy a home in Australia
In this article, we reveal the salary your household needs to be earning to buy a home in each Australian capital city right now – and some of these figures may surprise you! As the property market finally starts to slow down, let’s take a look at what salary you would need to buy a […]Read More
Millennials prefer a better lifestyle over buying a home
Buying your first home can be tough in Australia, but it seems millennials could be priced out by their own lifestyle choices. According to a report by the Australian Institute of Health and Welfare (AIHW), millennials may be keeping themselves out of the property market based on their own personal choices. The report found 67% […]Read More
RBA happy about Sydney Housing Decline
Unlike most home owners and real estate agents, the Reserve Bank of Australia (RBA) couldn’t be happier with the weakening property market in Sydney. According to the minutes of RBA’s latest board meeting, the board spent significantly more time than usual assessing the complex connection between Australian property values household debt and economic activity. “In […]Read More
Should I buy property now or wait until 2019?
If you’ve been following property prices for a while you’d know that the market moves in cycles. Usually following a cycle of significant growth, prices will stagnate (or drop a little) and then flatten out before beginning to rise again. After Sydney experienced significant growth between 2014 and mid 2017, Sydney house prices have started […]Read More
Sydney house prices predicted to fall 4.2 per cent in 2018
After growing faster than any other Australian capital city, Sydney’s housing market is tipped to fall 4.2% by the end of 2018. The data collected from CoreLogic-Moody’s Analytics expects the correction will be short-lived and will recover a modest 0.9% in 2019. In contrast to the performance of house prices, Moody’s expects apartment prices to […]Read More
Sydney house prices have continued to fall
For the fifth consecutive month, Sydney house prices have continued to fall. Research group CoreLogic released data which found the median house price has dropped 0.9 per cent during January. “Clearly, Sydney is well into a downturn now, we’re not expecting that’s going to be easing or bottoming out over the next couple of months […]Read More
Australians at war over housing prices
There’s no denying the housing boom has been beneficial for homeowners, but not everyone wants to see the prices continue to rise. The results of a recent ME Bank poll revealed a quarter of Australian homeowners are happy to see the prices fall. ME Bank general manager of home loans Patrick Nolan said, “Traditionally Australians […]Read More
Could taxing empty homes help housing affordability?
While hundreds of thousands of people struggle to save a deposit for a house they may never be able to afford, the 2016 census revealed the number of houses with no-one living in them has grown by more than 200,000 in the past decade. The new figures have been described as “cruel and immoral” by […]Read More
Is the Sydney property bubble about to burst?
There’s no shortage of headlines telling us we’re in a property bubble and that it’s about to burst. On top of that, recent CoreLogic data confirmed a slight dip in the market is enough to cause some people to panic. Of course no one can predict with certainty what will happen to houses prices from […]Read More
What the federal budget means for First Home Buyers
The wait is over for first home owners hoping to catch a break with housing affordability. On Tuesday night as part of the 2017 Federal Budget, it was announced that first homeowners would be given a helping hand with saving their deposit. The First Home Super Saver Scheme The First Home Super Saver Scheme allows […]Read More