Falling property prices and interest rate cuts have made it cheaper to buy rather than rent in 388 suburbs and towns around the country, according to a new report. The RP Data Buy vs Rent report analyses the different between monthly mortgage payments and monthly rental payments based on the median value of houses and
There are just over 9 million private dwellings across Australia. At any one time about 85% or 7.8 million of them are occupied on a full-time basis. Of these 7.8 million occupied dwellings, around a third are owned outright (no mortgage); just over a third are held with a mortgage and just under 30% are
Popular television shows such as The Block and The Renovators which follow the trials and tribulations of amateur property renovators, have caused a resurgence in the number of home owners and investors donning their overalls and picking up paintbrushes in a bid to improve their assets and add value in today’s flat market. According to
The Block was once again a hugely popular TV show. Three gruelling months of sleeplessness and renovations paid off handsomely for the four couples who, on the face of it, sold their terraces for substantial profits. This will no doubt encourage a new generation of property investors to turn their hands to renovation. But did
A while ago I discovered the money secret that separates the wealthy and successful property investors from the average Australian. I found out the biggest obstacle that stopped some people becoming wealthy, and I would like to share my findings with you. Over the last 12 years I have been conducting property seminars around Australia
Last week Nine Rewards and RP Data undertook our second housing market sentiment survey. The first survey was in October last year and we intend to run the survey every three months. The results were stronger than I expected, in the sense that only a very small proportion of the survey respondents expected dwelling values
In these changing times, when property investors can no longer count on double digit price growth , many are considering getting started in property development to help them ‘manufacture’ some capital growth. While property development can be very lucrative, many beginning property developers get themselves into trouble because they don’t know what they don’t know.