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Mining investment and strong population growth are driving the construction of new buildings in Western Australia, with the state boasting the strongest residential building industry in the country, according to a new report.
Just under 8 percent of the Australian population owns an investment property, according to the Australian taxation Office, although a much higher proportion considers it – or ends up selling up and giving up on the dream of being a landlord.
It’s been quite a year for the Australian property market – with buyers out in record numbers, investors getting in on the action, prices continuing to gain momentum and record auction clearance rates contributing to a market recovery following a sluggish 2011. So what can we expect for 2014?
About half of all four- and five-year fixed rate home loans, and more than a third of three-year fixed rate home loans, have had rates adjusted up in the past two months, according to RateCity research.
Despite record low interest rates, first home buyers now account for less than 10 percent of all new home loan dollars financed – a record low. Yet an opportunity to support a savings initiative for first home buyers is going to waste, according to RateCity.
With Australia’s official cash rate at a 53-year historical low of 2.5 percent, Australian home owners are enjoying lower mortgage repayments than ever.
Negative gearing allows investors to claim any losses they incur on an investment property against their personal tax income and is often cited as driving up the price of property by encouraging investors to enter the market.
If you're thinking of selling your home now may be the time to do it as buyers flood back into the market.
The study by RateCity has revealed that a low interest rate environment has helped households to pay down their home loans more quickly than required.
Money is tight, you're busy and tackling money issues isn't fun. But if you wish you could once and for all get your financial house in order, then the time to act is now.
With property prices across Australia consistently rising rather than falling, buying your first home may seem discouragingly out of reach. However, new research shows that rents are creeping up at a faster-than-usual rate may prompt some tenants to swap renting for home ownership.
When it comes to investing their hard-earned cash, Australians have always been partial to bricks and mortar and consistently rising property prices have guaranteed a solid investment return. As an alternative investment strategy, the Australian share market has also delivered results for investors, with shares reaching a five-year high last month.
Are you ready to ditch the second-hand bomb you’ve been driving for a snazzy new car? Buying a brand new car doesn’t come cheap, however, and unless you’ve been diligently saving towards this goal, you will need to examine car loan options.
Property has long been a popular investment strategy for Australians. However, increased investment activity in residential property by self-managed superannuation funds (SMSFs) is worrying regulators amid concerns it may be pushing up house prices.
If Australia’s recent obsession with renovation and DIY TV shows is anything to go by, we are a nation of renovators. While the majority homeowners undertake home improvements for their own enjoyment, there is always the underlying motivation of adding value to their home when it comes to selling.
Borrowers are flocking to smaller banks and mortgage lenders, which are stealing market share away from the major banks, new research has found.
When you are making the biggest financial commitment of your life, ensuring you get a good deal is a major priority. And with property prices back on the rise, it’s time to start honing your negotiating skills if you are in the market for a new home or an investment property.
While interest rates are attractively low at the moment and therefore tempting to borrow more when buying a home, it is important to remember that a mortgage is a long-term commitment and rates can rise.
Australians are saving more than ever, but our household debt remains at high levels. According to the Reserve Bank of Australia, household debt has been consistent at 150 percent of household annual income for the past six years.
Less volatile than the stock market and more rewarding than buying bonds, property has proved a relatively secure investment strategy over recent decades in Australia.
When it comes to property investment, size isn’t all it’s cracked up to be. At least not in the traditional perception of big is best. One-bedroom apartments, particularly in inner city areas, are increasingly popular with tenants – and investors are taking note.
October update: Reserve Bank leave rates on hold at 2.5%
Do you know your offset option from your redraw facility? Home loans come with so many features that it can be confusing to get your head around what you will need and what you can live without, particularly if you are a first home buyer.
Financial institutions are allowing customers to save up smaller deposits to buy property, and in some cases are lending up to 100 percent of a property’s value.
Despite record low interest rates, housing affordability remains a concern for a majority of Australians. The median house price in Sydney, the most expensive city in Australia, is $640,000 and figures from the Australian Bureau of Statistics show that prices grew 6.1 percent in the year to June 2013.