Tag: real estate market

Posted on

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

Read more: https://rea.to/brntd

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

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

Read more: https://rea.to/9zjeb

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

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.

Read more: https://rea.to/hdbuv

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

Multigenerational living: Should you live with your parents forever?

Multigenerational living: Should you live with your parents forever?

More Aussies are taking in their elderly parents, while fewer kids are flying the family nest, making instances of multigenerational living more common.

Once upon a time, this kind of living scenario wasn’t uncommon, with two or three generations more likely to live together under one roof. But it faded away over the past 100-odd years as rising wealth and societal changes in the West saw living in smaller family units favoured.

Now, for a number of reasons, chief amongst them affordability concerns, multi generational living is on the rise once more.

Read more: https://rea.to/1i26o

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

Is now the best time to buy property?

Is now the best time to buy property?

New listings are up strongly, as activity ramps up as we enter spring selling season. So is now the best time for buyers to consider purchasing a property?

Choice for buyers continued to improve in August, with the total number of properties listed for sale lifting 3.9% month-on-month as market activity picked up ahead of the spring selling season.

August saw new listings in capital cities up 11.3% month-on-month after a seasonally quieter July.

Regionally, new listings were up 7.9% month-on-month in August.

Nationally, the total number of properties listed for sale was up 3.9% month-on-month in August as the busier month of new listings helped increase choice for buyers. The increase in the month brought the total number of properties actively listed for sale up 13.7% compared to a year ago – the largest year-on-year increase since 2010.

Read more: https://rea.to/4bptj

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

Would you buy a home with your sibling?

Would you buy a home with your sibling?

With property prices rising 24% last year, cracking the market remains tough for many young people – prompting some to explore buying with a different type of ‘partner’.

Real estate experts say buying with a sibling is an increasingly popular path to homeownership that can be an overwhelmingly positive experience for both parties, but warn there are serious considerations.

Read more: https://rea.to/q29s1

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

How much more interest you’re paying on your mortgage

How much more interest you're paying on your mortgage

The RBA raised interest rates by another 50 bps in July, and the market expectation is that it’ll rise by another 1.5% by the end of the year. Homeowners in affordable, family-friendly suburbs may be most affected by the Reserve Bank of Australia’s recent interest rate rises, new data suggests, and PropTrack economist Angus Moore explains how this will affect mortgage holders.

Read more: https://rea.to/j5sec

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/

Posted on

Is the Great Australian property dream still realistic?

Is the Great Australian property dream still realistic?

A quarter-acre block with a family sized home and big backyard was long desired by Australian buyers. But is this dream still realistic?

Our love for the big family home took hold when new suburbs were being developed rapidly and there was abundant space for low-density living. This is simply not as viable in today’s competitive market.

House prices Australia-wide have accelerated significantly in recent times, making the purchase of large blocks and homes more challenging – particularly for first home buyers. So what are developers doing to help the affordability crisis? Is there a solution?

Read more: https://rea.to/tebuz

Subscribe for more property news, insights and inspiration: https://rea.to/joe-z

Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/