Only rich people can afford to live on Manhattan Island and everyone else lives out in Brooklyn. Sydney is well on the way to achieving the Brooklyn effect. 90% of Australian’s can’t afford to live within 20km of the CBD of Sydney because they don’t earn enough. Read the full report from Rosemary Johnston of The Property Investment Association of Australia Inc. ...
In this week's property market wrap we look at the latest ABS seasonally adjusted Wage Price Index (WPI) results and find out why these results impact on rentals from investment properties. We also reveal the top regional growth areas for rental properties and the state’s strongest performers. ...
Where are the most affordable suburbs? This week we look at dwelling values across combined capital cities for the most affordable, middle range and expensive suburbs. We also find out the main barriers facing first home buyers wanting to get on the property ladder. ...
Is right now the best time to buy property? Peter Sarmas examines Melbourne’s property market and reveals whether we should expect an interest rate rise in the near future. He looks at our economy, in particular recently released employment figures, and talks about the impact it will have on wages and house price rises. ...
Would you move to Melbourne’s outer-west if you could buy a green lot? This week we look at The National Land Survey results showing Melbourne's sprawl into the outer-west as would be home owners are buying up former agricultural land. We also examine the proposed changes that will affect St. Kilda and it’s iconic Acland Street. ...
In this week’s property market wrap Peter Sarmas examines the state of Melbourne’s property market. He advises on the right time to buy property and important strategies you should put in place to minimise risk. He discusses the Reserve bank’s decision and you will find out if your home is in one of Melbourne’s most liveable suburbs. ...
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