Wednesday, February 07 2018
The deposit requirements to purchase a property are a common point of confusion for first home buyers. Which is understandable as a lot of information out there is unclear or just plain incorrect. Monday, February 05 2018
Friday, February 02 2018
Queensland is in a historical sweet spot for home price growth with an analysis of interstate migration showing that the gap in home price between Sydney and Brisbane could soon start narrowing. In 2002, the median Brisbane home price equated to just 41 per cent of a Sydney home – a historical low. But interstate migration to Queensland started to surge, peaking in 2003 at about 40,000. Home prices started to rise as the interstate migration rose and the gap between median Sydney and Brisbane prices started to narrow. Brisbane home prices were able to reach as much as 78 per cent of a Sydney home price in 2008. CBRE researcher Ally McDade has analysed the numbers and highlights that the same process is starting to happen again. "At June 2017, levels of interstate immigration reached the highest quarterly and annual growth since 2008," she said, "Over the year to June 2017, interstate migration to Queensland increased by an impressive 50 per cent, or circa 17,500 persons." "As more people migrate to the Sunshine State, the equity wealth built in Sydney is transferred to Brisbane," Ms McDade said. "This increase in demand, coupled with a higher perceived value, has historically driven Brisbane real estate prices higher." Large and small developers in Queensland are noticing the interstate change. Stockland analysis shows that most interstate buyers to Queensland are coming from NSW, representing about two thirds of total interstate purchases in Stockland's south-east Queensland communities. Victorian buyers accounted for a further 12 per cent of interstate purchases, followed by South Australia (8 per cent) and the ACT (6 per cent). Friday, February 02 2018
Thursday, February 01 2018
The Consumer Price Index (CPI) rose 0.6 per cent in the December quarter 2017. Certainly no early RBA hike here! was Shane Oliver's immediate tweet. The CPI rose 1.9 per cent through the year to December quarter 2017 having increased 1.8 per cent through the year to September quarter 2017. Still beow the RBA's target band. Tuesday, January 30 2018
According to MacQuarie Bank it is now looking very likely that housing prices at the national level are again rising modestly. After seasonal adjustment, monthly growth in APM's measure of capital city dwelling prices has picked up modestly in recent months. And CoreLogic's data to mid-January shows a clear improvement in seasonally adjusted dwelling price growth, with the caveat that sales volumes in January are very low. Monday, January 29 2018
There are some life stage considerations involved in answering this question specifically. But for the sake of this discussion... Thursday, January 25 2018
The short answer is YES. It is possible to have a negatively geared property that completely pays for itself. Thursday, January 25 2018
Do you know where your financial future is heading? Do you know if you will be able to maintain your current lifestyle when you stop full time work? Monday, January 15 2018
Units are often a popular choice for first time investors as they are at a lower price point than houses for the same location and on the surface, can appear to offer better returns. |