Homebuyers are set to reap the rewards from the Stage 3 tax cuts with the opportunity to pay off their loan faster and in some cases save over $150,0000 over the lifetime of the debt. While the average tax cut will be $1888 per year, the value of those taxContinue Reading
Australians have taken to the internet to vent about the nation’s “decline”, saying our reputation as “the lucky country” is dissolving. Unattainable house prices, a struggling education system and the demise of treasured Australian brands were all among the factors cited by pessimistic residents. The flood of worry for theContinue Reading
Alarming figures have revealed how much the average Aussie would need to make to rent in some of the country’s most sought-after suburbs, highlighting a widening gap between wages and average rental prices. MGC Quantity Surveyors’ new report on the rental disparity in the top 10 suburbs across Australia’s capitalContinue Reading
“Worn out” owners of Sydney’s embattled Mascot Towers will lose hundreds of thousands of thousands of dollars if they choose to sell their defect-riddled apartments, with one owner set to receive just $220,000 for his two-bedroom home. The 132 residential and nine commercial owners of the inner-south apartment block receivedContinue Reading
Maureen Pound has lived in her charming Victorian-era house in inner-city Melbourne for the better part of 14 years. It’s packed with heritage features, in a fantastic location and worth a pretty penny – the stuff of real estate dreams for hopeful househunters. But despite running her own successful companyContinue Reading
New research has revealed exactly how much money Australians need to make before they feel rich – and it’s no small sum. Financial comparison website finder.com.au conducted a survey that determined people would need a salary of $345,819 before they felt affluent. Unfortunately, that’s considerably more than the average personalContinue Reading
New research has revealed the stunning six-figure salary needed by Australians to buy a home comfortably. Suburbtrends used the internationally recognised “median multiple”, which measures housing affordability by dividing the median house price by the gross median household income. Having analysed more than 22,000 property sales — including both housesContinue Reading
Renters across Australia are being hit by the lowest rental affordability in decades, with a “rapid deterioration” of prices in our major cities. Every city except for Hobart and Canberra has had affordability worsen according to National Shelter and SGS Economics’ latest Rental Affordability Index. Sydneysiders were the worst off,Continue Reading
Reserve Bank governor Michele Bullock has dealt a fresh blow to borrowers with a 13th interest rate rise while cautioning that inflation will be higher in 2024 than previously expected. Ms Bullock said Tuesday’s decision to lift rates by 25 basis points to 4.35 per cent was necessary as progressContinue Reading
Aussie home buyers are needing nearly double the average full time salary to be able to afford a home, with the pain only increasing after the national reserve bank hiked the cash rate again. The latest Finder research revealed the minimum household income required to afford the mortgage average AustralianContinue Reading