Some 214,000 homes were built in Australia in 2018, proof that our love affair with owning our own home continues unabated. And while some of us opt for architect-designed homes and others for builds they manage themselves, the house and land package market is booming. But for the novice, the whole process might seem a […]

First home buyers are continuing to stake their claim on markets across the country with many usurping their competition by being better prepared to purchase. The latest Australian Bureau of Statistics figures show that about 18 per cent of all housing finance commitments is to first homebuyers. Lending landscape Lenders now require more information, including […]

With the re-emergence of the 1st home buyer it seems that it’s a new breed that’s the driving force behind this. The Millennial population, who are typically born between 1981 and 1996, represent the most influential age cohort in today’s residential property market. The Millennials are a significantly larger group than Generation X, those born between 1965 […]

Comparative affordability Sydney and Melbourne – the nation’s largest property markets – have endured price corrections over the last 12-18 months. However, these corrections follow on from accelerated property growth: prices in Sydney and Melbourne increased by almost 50% in the last five years to a median house sales price of $960,000 and $783,000, respectively […]

New research from Westpac reveals a quarter of first home buyers are considering buying both an investment property and an owner-occupier home. Westpac’s latest Home Ownership Report shows first home buyers (FHBs) are feeling more confident than ever about their prospects of home ownership. The report found 29 per cent of FHBs are considering buying […]

While it’s tempting to hold onto the family home because of the sentimental value, the reality is that it may be holding you back from a better lifestyle and a more comfortable financial situation. Downsizing could allow you to find a home that’s more appropriate to your lifestyle, while also freeing up time and money […]

The NSW Government has proposed reduced stamp duty for residential property, in a move it is labelling ‘the most significant reform in a generation’. Under the proposed changes, which are planned to come into effect from July, 2019 – the seven price brackets that determine how much stamp duty is paid will rise in line […]

In a recent article by Anthony Keane, he advised that many of Australia’s 2.1 million rental property owners are missing out on thousands of dollars of tax deductions each year by failing to correctly calculate depreciation. New figures from BMT Tax Depreciation show that since tax time started on July 1, its investor clients have […]