Tag: real estate australia

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Some renters could be closer to buying than they think

Some renters could be closer to buying than they think

The cost of renting has been rapidly increasing, pushing many tenants towards home ownership. The trend of high rental costs, combined with low interest rates, has made home buying a more appealing option for many. As a result, the number of first-time home buyers has increased and is expected to continue to rise.

The shift from renting to owning a home is also being driven by the desire for stability and long-term security, as well as the ability to build equity and create wealth. However, it’s important for potential home buyers to consider their financial capabilities, take advantage of government incentives, and research the market before making a purchase.

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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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Property Investor 101: Real estate terms explained

Property Investor 101: Real estate terms explained

Rental yield, negative gearing, depreciation – there are a lot of terms that you’ll come across when you’re getting started in property investing, but what do they mean? Luke Harris from The Property Mentors breaks it down for you.

0:00 Intro
0:19 Stamp Duty
0:24 Capital Gains Tax
0:30 Depreciation
0:41 Negatively Geared Property
0:46 Positively Geared Property
0:51 Capital Growth
1:05 Rental Yield
1:18 Who Do You go to for Advice?

Read more: https://www.realestate.com.au/advice/investing/investing-guide/

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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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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 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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What makes a good investment property?

What makes a good investment property?

Reduced buyer competition, increased choice, softer prices, and extremely tight rental markets mean now is the prime time for property investors to act. And it’s not just cashed-up and seasoned landlords who are able to take a step up the property ladder, there’s plenty of opportunities for first-time investors with a solid strategy in place.

But what makes a good investment? And what are the things you should look to avoid? Luke Harris from The Property Mentors explains.

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How has the Australian home changed?

How has the Australian home changed?

From dark boxes to light-filled living, Aussie homes have come to embrace the great outdoors. Now, there’s another shift underway.

For a country flooded with sunlight, it’s odd that so many traditional homes were quite dark, small and internally focused. However, it makes more sense when you consider the origins of Australian house design – the settler experience. Most homes were simply a masonry box with windows, sitting around a very symmetrical layout with a roof on it.

Things have certainly changed, with light, space and the outdoors now embraced and celebrated in home design. But it has been quite an evolution – and there is more change on the horizon.

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The new community rising out of an old cotton mill

The new community rising out of an old cotton mill

We sometimes take it for granted, but almost every built community across Australia was at one point merely lines on a drawing board. Of course, communities are much more than physical structures or institutions — they’re a place where you feel you truly belong.

The best new residential developments are those embraced wholeheartedly by the community. While established suburbs have had years for people to forge connections, for new communities to flourish, property developers need to get the ingredients right from day one.

And if you’re attempting to breathe new life into an area with a rich history like the old Bradmill factory in Yarraville – before you start you need to consult those that it means the most to, the community.

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Rental Crunch: Fixing Australia’s tight rental market

Rental Crunch: Fixing Australia's tight rental market

Australians looking to rent a home at the moment will find few properties and lots of competition. So what can be done to relieve some of the pressure?

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