Holiday home investments are popular in Australia, with around 700,000 holiday rentals across the country owned by one in every 12 households. Before you rush into investing in a holiday home, Sharon Fox-Slater reveals some common holiday home pitfalls to be aware of. ...
Which cities were the most expensive and affordable? The CoreLogic RP Data November Home Value Index out today confirmed dwelling values fell across five of the eight capital cities in Australia over the month, taking the combined capitals index 1.5 per cent lower.
Read the full report and comments from Tim Lawless. ...
Are we facing a Sydney style correction which will see property prices free fall in Melbourne or is this just a seasonal adjustment? In this week’s market wrap Peter Sarmas examines Melbourne’s property market. He looks at interest rates, the economy and talks about how these factors affect Melbourne’s current house prices. ...
What are the implications for Melbourne if urban sprawl continues? This week we find out that despite the trend toward high-rise densification in Melbourne's downtown core, housing sprawl continues to expand along the city's undeveloped fringes at record rates. ...
Foreign investment in Australian property has been steadily increasing over the past 5 years, gaining considerable steam in the past 18 months – and why wouldn’t it? But are we now starting to see foreign investors reassessing their future investment strategy regarding Australian property? Read the full article from LaTrobe Financial. ...
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. ...