When families buy together
With affordability at its lowest level on record, first-home buyers have to think outside the square.
The home-ownership dream rarely used to feature a sibling in your bathtub and a parent on your certificate of title. But these days, first-home buyers are prepared to be flexible.
Housing affordability fell to record lows in the March quarter this [...]
Variable home loans at record levels!
Home buyers are flocking back to variable rate mortgages which now account for 91% of the residential lending market, their highest proportion in four months.
Mortgage broker Mortgage Choice reported in April, basic variable mortgages accounted for 48.15 per cent of all home loans approved - up nearly one per cent from March, while standard variable [...]
First homebuyers improve rental vacancy rates
Melbourne’s outer suburb vacancy rates have improved from 0.7 per cent to 1.8 per cent in the past six months, according to the Real Estate Institute of Victoria’s April vacancy rates.
The vacancy rate across Melbourne is reasonably steady having been between one and 1.4 per cent for 12 months. However it‘s significant that there’s a [...]
Classic Double Fronted Slate Roofed Hawthorn Brick Victorian Residence of 6 Main Rooms, 3 Bedrooms + Study
551 Punt Road SOUTH YARRA
Painstakingly renovated with an open cheque book from the ground up, this stunning home has been re-stumped and rewired with new double glazing. It features a stunning gourmet kitchen opening to a large family room at the rear which overlooks the back garden and entertaining area.
Accommodation includes three huge double [...]
Investors to wait and watch
It would seem all the stars are aligned: low rates, population growth, low vacancy rates, strong rents and a shortage of housing in most capitals.
Since late 2008, the number of loans to first home buyers has substantially outweighed those to existing owner-occupiers and investors as first-time buyers rush to take advantage of the increased government [...]
House price rise bucks global trend
The value of Australian homes increased in the first quarter, bucking a global trend downwards, according to a report recently issued.
House and flat prices in Australia increased in value by 1.6% in the first three months of the year, according to RP Data-Rismark, helped by a scarcity of supply, lower interest rates and incentives to [...]