A Sydney landlord trying to increase the rent on every tenant in a building by up to 70 per cent is facing a rebellion by renters who are taking their case – and the high-profile real estate agency – to the consumer tribunal. Harrison Reid is the first of half a dozen residents of the …
‘Classic Sydney story’: Tenants rebel after landlord hikes rent by 70 per cent Read More »
An increase in migration and low housing supply could lead to a new property boom. Despite the 10 straight interest rate increases from the Reserve Bank of Australia (RBA) from May 2022 to March 2023, which has seen official rates rise by 3.5 per cent, property prices have not only stopped falling, but they appear to be on the …
Property prices could rise 10% by 2025: Here’s why Read More »
If you’re looking to buy a property, you might want to avoid these competitive suburbs. As the number of homes up for sale remains low, some suburbs have seen a massive spike in demand from potential buyers. New data from PropTrack revealed the most in-demand suburbs where as many as 500 potential buyers were vying for …
The suburb where 500 buyers are battling for a single property Read More »
Homebuyers are being warned the cost of a house is set to stop falling despite interest rates sitting at their highest level in a decade. The cost of purchasing a home looks to be back on the rise, at least for the time being, in an unwelcome change for those looking to buy a property. …
House prices lift in March according to new data Read More »
Saving for a home deposit is the biggest hurdle for first-home buyers looking to enter the market, but the time it would take has taken a dramatic turn. Domain’s annual First Home Buyer report revealed the amount of time needed for Aussies to save for an average-priced home had fallen by up to 13 months. “A time …
First-home-buyers could get into home a year sooner: Here’s why Read More »
The head of an industry body has called for a rethink of the way Sydney’s rental crisis is being handled as the number of new building starts looks set to decline even further. Prefabricated rental properties, tiny homes and opening up spare rooms for rent in retirees’ properties are a few out of the box …
Prefabricated tiny homes could help fill housing gap in Sydney amid rental crisis Read More »
The number of properties available to buy remains low relative to pre-pandemic levels, which combined with strong demand means homes in some suburbs are selling just days after hitting the market. The sharp interest rate hikes since last May have reduced borrowing capacities of those looking to buy a home by around 30%. This has …
Where buyers are snapping up homes almost as soon as they’re listed for sale Read More »
“The stabilisation of the price of new residential land is a relief following a 26 per cent increase in less than two years,” stated HIA Senior Economist Tom Devitt. Friday, 20th January 2023 The HIA-CoreLogic Residential Land Report provides updated information on sales activity in 51 housing markets across Australia, including the six state capital cities. …
Land prices stabilise as rate hikes shake confidence Read More »
A Sydney couple have revealed their struggle finding a rental property despite having a combined income of more than $240,000 a year. Australia’s rental crisis is continuing to worsen, with the situation becoming so competitive that even seemingly perfect applicants are finding it impossible to secure a property. A young Sydney couple revealed they have …
Sydney couple earning $240k reveal struggle to find a rental Read More »
Australian property prices fell for the seventh month in November, with home prices now down around 7 per cent from the peak recorded in April 2022. CoreLogic’s national Home Value Index (HVI) found property prices fell 1 per cent in November with the median home price now down $53,400. However, the fall comes after national housing values surged 28.6 …
Property prices drop $53,400: The 44 suburbs still rising. Read More »
