A survey by homebuyer sentiment found that consumers’ capacity to save for down payments has been negatively affected by inflation. The consumer price index increased 3.8% in the twelve months leading up to the June quarter and 1% in the month of June alone, according to ABS statistics. The housing market has the largest quarterly …
Rising Living Costs: The Biggest Obstacle to Owning a Home Read More »
Some fabulous news just coming in from the Australian Bureau of Statistics: household wealth in Australia rose by 1.5% or $250 billion, during the June 2024 quarter. The seventh consecutive quarter of growth, the recovery and resiliency within the economy can be truly envisioned. Total household wealth has grown to an incredible $16.5 trillion, and …
See How Rising Property Values Are Fueling Australia’s Financial Boom! Read More »
In August, 29.3% of the 4,772 suburbs analysed had a median value exceeding one million dollars, a substantial increase from 21.7% in January 2023, when the market was at a low point following rate increases. This is the greatest percentage observed since April 2022, when 26.9% of suburbs achieved seven-figure medians. “Only 14.3% of house …
Affordable City Living in Suburbs • Despite rising property prices, three and four-bedroom houses remain affordable in suburbs 8-25 km from city centres. • Urban prices have risen faster than in rural areas, with properties in urban centres costing an average of 6.8% more than in regional areas. • Top affordable suburbs in Sydney include …
Want Affordable City Living? These Suburbs Are Perfect for Family Homes! Read More »
The Australian housing market is currently under extreme pressure; with increased rents and low vacancy rates, this market is expected to witness a shortfall of 257,000 homes over the next five years. This has thus placed more pressure on first-time homebuyers and made it increasingly difficult for them to save for their first property. A …
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