Michael Yardney's Property Update | Property Investment
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PropertyUpdate.com.au is Australia's leading property investment wealth creation website with tips, advice and strategies from leading real estate investment experts. Do you want to create financial independence through Property Investment? Use our articles from leading experts as your guide!
Michael Yardney's Property Update | Property Investment
4h ago
What lies ahead for Australia in the next 10 years? Well, Simon Kuestenmacher highlighted a chart that is pivotal when forecasting the next ten years in Australia in his column in the New Daily. Its simplicity belies its significance in understanding our nation's future housing demands and consumption shifts. It juxtaposed Australia's current demographic profile ..read more
Michael Yardney's Property Update | Property Investment
21h ago
Australia's home prices have set another record. According to the latest Domain House Price Report, the combined capital house and unit prices experienced another quarter of growth — the fifth consecutive rise for houses and the fourth for units. The report indicates that while the pace of price growth has slowed compared to the previous ..read more
Michael Yardney's Property Update | Property Investment
2d ago
How foreign investors really created Australia's housing crisis. Some commentary in the media suggest that's the case, but recently Tim Reardon, the Chief Economist at the Housing Industry Association (HIA), offered a different perspective that challenges these common misconceptions. Misconception 1: Foreign investors leave homes vacant It's a popular belief that foreign investors are buying up properties ..read more
Michael Yardney's Property Update | Property Investment
2d ago
If the dreaded black spores are invading your rental property, you want to deal with them quickly. But just who is responsible for removing mould? It starts as one little spore, then two... and, before you know it, there is a horrible black fungus spreading, well, like mushrooms. Like all fungi, mould grows best in ..read more
Michael Yardney's Property Update | Property Investment
3d ago
Over the past two decades, the average growth in the median house price across the top five capital cities has been 5.3% p.a. This rate is considerably lower than the preceding 20-year period from 1983 to 2003, during which median house prices grew by 8.7% p.a. This significant difference in growth rates has substantial implications ..read more
Michael Yardney's Property Update | Property Investment
3d ago
The federal government’s Help to Buy scheme is before the parliament. Both the Coalition and the Greens are opposed to it. If the bill is passed, the government will provide an equity contribution of up to 40% of the purchase price of a new home, and up to 30% for an existing dwelling, with buyers ..read more
Michael Yardney's Property Update | Property Investment
4d ago
It's no secret that Australians are now valuing sustainable, energy-efficient homes not just for environmental reasons but as a smart way to save money. With the cost of living pressures escalating, incorporating energy-efficient features into homes is becoming a financially savvy strategy. This trend is especially relevant as high utility bills are increasingly stretching household ..read more
Michael Yardney's Property Update | Property Investment
5d ago
Over the last four years, the gap between house and unit prices in Australia has widened to record levels. Historically, houses have commanded higher prices than units. However, since the pandemic began, this disparity has grown significantly, with house prices surging by 44.2% compared to pre-pandemic levels, while units have seen a more modest increase ..read more
Michael Yardney's Property Update | Property Investment
6d ago
In a remarkable display of market strength, Australian homeowners in key capitals have witnessed their property equity soar by over $100,000 in just the past year. The PropTrack Home Price Index for March reveals a noteworthy trend: even with a surge in listings, property prices have not only held firm but reached new heights, underscoring ..read more
Michael Yardney's Property Update | Property Investment
6d ago
A key financial goal for most people is to eventually repay their home loan. Last year I outlined 3 questions you must ask yourself to determine whether repaying your home loan is your top priority – see here. The internet is filled with countless ideas on how to repay your home loan faster. However, many of ..read more