2.5 million Aussies move in with family or friends in past year – new data reveals
Michael Yardney's Property Update | Property Investment
by Leanne Jopson
16h ago
Rental costs in Australia keep on increasing. Because of this, shared housing is quickly becoming the answer for many to the skyrocketing cost of living, according to new research by Finder. The survey of 1,070 respondents revealed more than 1 in 10 (12%) Australians – equivalent to 2.5 million people – have moved into shared ..read more
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The biggest migration hot spots and the impact on housing trends
Michael Yardney's Property Update | Property Investment
by Eliza Owen
16h ago
Australia is slowly moving through an enormous (though temporary) spike in overseas migration. The ABS reports Australia’s population increased by 2.5%, or 660,000, in the year to September 2023. Its latest regional migration data reveals the areas with the highest migration levels through the 2022-23 financial year (FY23). This has been driven by a combination ..read more
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Property markets are always on the move
Michael Yardney's Property Update | Property Investment
by John Lindeman
2d ago
Have the Perth and Adelaide housing markets peaked? And if so, where will we find the next boom markets? The answer lies in who is doing the buying and selling. Experts commonly refer to a city’s median housing price when describing its performance, but this is misleading. The median price lumps all buyers and sellers ..read more
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If the RBA’s right, interest rates may not fall for another year. Here’s why – and what it means for next week’s budget
Michael Yardney's Property Update | Property Investment
by Guest Expert
2d ago
The Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change compared to just three months ago. Back in February, the Reserve Bank assumed three rate cuts before the middle of the next year ..read more
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Warning: Watch out for these 4 common real estate scams
Michael Yardney's Property Update | Property Investment
by Joseph Ballota
2d ago
Buying a property is one of the biggest transactions you’ll ever make. It’s one that you’ve probably saved and prepared for a long time and are eager to make happen. The problem is, among all the activity, buyers are unaware that scammers are out there, lurking and waiting. Real estate scams are commonly related to ..read more
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Victoria cracks down on rental standards: landlords face fines up to $57,000
Michael Yardney's Property Update | Property Investment
by Leanne Jopson
2d ago
The Victorian government is tightening its grip on rental property standards in response to a significant increase in tenant complaints. This crackdown, led by Minister for Consumer Affairs, Gabrielle Williams, and Consumer Affairs Victoria director, Nicole Rich, reminds landlords of their legal responsibilities to provide safe and functional rental properties. "Every Victorian renter has the ..read more
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Can we blame the housing crisis on international students?
Michael Yardney's Property Update | Property Investment
by Brett Warren
2d ago
Can we really blame the housing crisis to international students? The answer is no according to a report released by the Student Accommodation Council which suggests that international students are not the culprits behind Australia's housing crisis. Representing merely four per cent of the rental market, their impact is minimal compared to other, more significant ..read more
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The secret language of real estate agents
Michael Yardney's Property Update | Property Investment
by John Lindeman
2d ago
Real estate agents perform a valuable job for both buyers and sellers, but it’s their aim to find the most buyers for properties they have listed, so their descriptions can often be a little on the optimistic side. Here’s our guide to how agents may answer your questions, and the real meaning that could lie ..read more
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Guide to Downsizing a House in Australia
Michael Yardney's Property Update | Property Investment
by Leanne Spring
3d ago
Downsizing to a smaller house can sometimes feel overwhelming, but at some stage in our lives, the pros will begin to outweigh the cons. After all, downsizing your home to a smaller one is a great opportunity to save money and free up both your time and property equity. And it could help unlock some ..read more
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7 essential considerations when upgrading your home
Michael Yardney's Property Update | Property Investment
by Stuart Wemyss
6d ago
Upgrading your home is a very important lifestyle decision that will have a significant impact on your standard of living. However, it is also a very important financial decision. Making wise choices can greatly improve your financial position, but mistakes can be very costly and impair your ability to build wealth. (1) Approach the decision ..read more
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