Tag: Australian home

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Renters finding it impossible to nab a rental

Renters finding it impossible to nab a rental

Finding an available rental property in some suburbs is virtually impossible at the moment, with extremely high demand and almost unprecedented low supply.

New data from PropTrack shows the areas around Australia at the forefront of the rental crisis, where would-be tenants face intense competition and sky high prices.

Just how tight are rental markets? PropTrack economist Angus Moore explains.

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Housing affordability: How other countries are tackling housing shortages

Housing affordability: How other countries are tackling housing shortages

REA Group and Proptrack economist Anne Flaherty explains how housing affordability and housing shortages has become an issue in recent years and what other countries, like New Zealand are doing to help, including lowering barriers for medium density development and build-to-rent developments to provide stability for renters.

0:37 What countries are struggling with housing affordability
1:48 Build-to-rent developments

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Is the great Australian dream of homeownership dead?

Is the great Australian dream of homeownership dead?

REA Group and Proptrack economist Anne Flaherty looks at falling rates of home ownership among Australians, rising house prices and the difficulties first home buyers have in saving a deposit.

0:25 Current state of housing affordability in Australia
1:26 Shifting home buyer perceptions

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Passive House: How this revolutionary modern development is changing the way we build

Passive House: How this revolutionary modern development is changing the way we build

Over the coming decades, Australia’s population is set to swell and by 2050, it’s likely to increase to somewhere between 34m- 41m people. By the same date, Australia has enshrined in law a commitment to achieve net zero carbon emissions.

Those millions of extra people are going to need somewhere to live — and millions of new homes are going to need to be constructed to house them. On the other hand, the country needs to find ways to dramatically reduce its carbon footprint and embrace a more sustainable way of living.

So, how are we going to get there? A innovative energy-efficient home design called the passive house is helping lead the way towards a lower carbon future.

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This jaw-dropping penthouse is sky high luxury living

This jaw-dropping penthouse is sky high luxury living

With priceless views stretching from the Botanic Gardens across to Port Phillip Bay and beyond, this glorious Melbourne penthouse offers sublime sky-high living.

Sitting atop the Prime Tower building, 6302/35 Queens Bridge Street in Southbank is the epitome of luxury – and of spacious living, at a very generous 530sqm.

Inspections are by appointment, with a price guide between $13 million to $14 million.

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Stamp duty reforms don’t go far enough to help homebuyers

Stamp duty reforms don't go far enough to help homebuyers

First homebuyers will be given the opportunity to choose between an upfront payment or a smaller annual property tax under reforms aimed at making home ownership more affordable in NSW.

The First Home Buyer Choice scheme is part of a multi-billion dollar housing package to be unveiled in the 2022-23 NSW Budget.

Under the new initiative, first homebuyers who opt into the property tax will pay an annual property tax of $400 plus 0.3 per cent of the land value of the property.

But while these reforms are a step in the right direction to bridge the affordability gap, they don’t go far enough as PropTrack economist Angus Moore explains.

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What you should know about the new home buyer schemes

What you should know about the new home buyer schemes

The new financial year has brought with it new and expanded support for eligible homebuyers looking to get a leg up onto the property ladder.

Here’s what you need to know…

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The Block winner Shannon Vos’ epic exterior reno

The Block winner Shannon Vos' epic exterior reno

Shannon Vos shot to fame winning The Block in 2014, and now he’s taken on his biggest and most personal renovation yet – his family home. Now he’s revealing the big exterior transformation that gave this old home a new life.

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A heritage home given a complete transformation

A heritage home given a complete transformation

A late 1800’s workers’ cottage in Sydney has been given new life through a spectacular renovation and extension.

The four-bedroom, three-bathroom property in West Ryde began life in a very different form, as a humble home for stable hands and gardeners at neighbouring Lynwood House some 140 years ago.

Take a tour through this amazing Sydney home.

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The renters taking a different route onto the property ladder

The renters taking a different route onto the property ladder

Many young Australians, particularly those in the expensive major cities, are prioritising lifestyle over owning their own home ­– but this doesn’t mean they can’t still buy property, and many are turning to investing to do it.

Renters are realising that renting where they want to live and buying real estate elsewhere — or ‘rentvesting’ — allows them to have their cake and eat it too.

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