The Reserve Bank has just announced after its June meeting that the official cash rate is 0.85%. This is the second time the RBA raised the official cash rate ever since it dropped to record lows of 0.1% in November 2020. The last rate hike
Australia’s housing market is one of the most expensive in the world. According to Demographia’s International Housing Affordability (2022), Sydney is the second most expensive city to buy a house in. Fifth on the list is Melbourne. Data shows that if you live in Sydney,
The most typical form of property investment is direct ownership. This is when you take out a home loan to buy a house and then rent it out. When the loan is settled, you will get the house title. You get a bunch of benefits
The US economy is one of the biggest markets in the world. A shift in its policies, particularly in interest rates, creates a ripple effect on the entire world. When the US suffered from a financial crisis in 2008, the Federal government had to cut
The May 3 decision of the RBA to lift the official cash rate is just one out of the many. It has given a head’s up that more rate hikes are to come. Fuel costs are up and food costs are, too. To damp down
We’ve seen the soaring prices of fuel in the past months ever since the war Russia waged on Ukraine began. Naturally, all other industries have been suffering from high production costs because of this. With the 2022 Federal Budget is set, could things be looking
Is a foreign investment welcome in the Australian property market? The simple answer is yes. Foreigners residing in and out of Australia may buy a property in Australia. However, there are a few caveats you should be aware of. What are the requirements to invest
If owning a house was easy, every adult in the country would be a homeowner now. However, the rising prices of properties in the market get in the way of every aspiring homeowner. Not only that, but the required deposit relative to income is also
Most people start out with one or a few residential properties when building their property portfolio. Particularly, rental apartments and houses are a popular choice. Although not always a top contender, commercial properties have so much to offer. One is higher returns. Another is that
The most common path investors take when they start their property investment journey is the direct ownership path. Rental homes and apartments are among the top choices. In its most basic sense, direct ownership makes a profit through rental income which an investor uses to
Data from April last year showed that housing prices surged up to 2.8% compared to the following year. This record-high raise was last seen in 1988. And usually, this phenomenon is met by what the young ones call FOMO or the fear of missing out.
In today’s brief, we attempt to explain the process of house flipping. What it means. How to get started. What things you must consider before you start. What to look out for along the way. In reality there are two ways we make money from
Your home loan repayment probably takes up a chunk of your monthly expenses. Being one of your major investments, it’s only fitting that you grab any chance that you can to reduce the costs or take out any possible benefits from it. These two reasons
Exciting news for single parents, as the government is set to introduce a new program allowing them to buy a home for just a 2% deposit. This scheme will take into place from 1 July 2021. Table of Contents 1. What is the Family Home
In recent news, investors are storming the lending market, as new home loans have surged to a record high of $30.23 billion in the month of March, as reported by the Australian Bureau of Statistics(ABS). New mortgage commitments rose by 5.5% across that month. This