Just one in 10 potential first homebuyers could actually achieve the Australian dream and buy their own property, alarming new research has revealed. After decades of soaring property prices locked many young people out of ever escaping the nightmare rental market, the research shows it was actually lower interest ratesContinue Reading
A debt ceiling disaster is looming for America’s economy which could see the nation buckle into a default, plunging the country and the wider world into a financial calamity. New analysis shows if the US were to default, mortgage repayments would reach all-time highs, while experts have warned it wouldContinue Reading
Siblings and friends wanting to buy a house together will be eligible for a federal government boosting, as part of a significant overhaul to three home-buying schemes. Thousands of Australians could benefit as part of the changes to the first homebuyers guarantee, its regional equivalent, and the family home guaranteeContinue Reading
Siblings and friends wanting to buy a house together will be eligible for a federal government boosting, as part of a significant overhaul to three home-buying schemes. Thousands of Australians could benefit as part of the changes to the first homebuyers guarantee, its regional equivalent, and the family home guaranteeContinue Reading
Newly installed NSW Opposition Leader Mark Speakman will fight to keep a keystone policy of former premier Dominic Perrottet that seeks to replace costly stamp duty charges with a smaller annual property tax. Since January 16, first-home buyers have been able to choose between paying stamp duty or an annualContinue Reading
As a result of the escalating cost pressures, construction firm Mahercorp has decided to enter voluntary administration. Mahercorp, the parent company of Eight Homes and Urbanedge Homes, will halt the construction of approximately 730 homes while working with administrators. The development follows the collapse of Porter Davis, which left uninsuredContinue Reading
While Aussie homeowners were delivered a welcome reprieve as the Reserve Bank paused its aggressive rate hiking cycle this month, one major bank boss has delivered a grim warning about what’s to come. The RBA revealed on Tuesday it was holding interest rates at 3.6 per cent but National AustraliaContinue Reading
After 10 consecutive interest rate rises by the Reserve Bank of Australia (RBA), an unlikely loser has emerged. While mortgage holders have been hit hard since May last year when the RBA began hiking the official cash rate, there has been one group of Australians who have so far managedContinue Reading
One unlucky couple have been caught up in the collapse of a major Victorian construction company just a few months after their previous builder also sensationally went into liquidation. On Friday, news.com.au reported that Australia’s thirteenth largest home builder Porter Davis Homes had collapsed suddenly placing 1700 projects and anotherContinue Reading
A portfolio manager has claimed Aussie homeowners will need to brace for the “mother of all shocks” later this year. Chris Joye, the co-founder and portfolio manager of Coolabah Capital, a fund manager with $8 billion in assets, has made bold predictions regarding the Australian housing market in the past.Continue Reading