The Victorian planning minister wants to “Manhattanise” Melbourne and make it a city of super-dense high rise towers. The problem is that a recent scathing report revealed that many of our tiny apartments would be banned in New York, while another report estimated that 55 per cent of the city’s tallest apartment buildings are of
You’ve just made an offer to buy a property for your next investment and it’s been accepted. That’s great news, but what actually comes with the property when you settle? Is it everything in that you saw when you inspected the property? Clearly not – some of the items in the property belonged to the
There’s a worrying trend amongst our nation’s older generation, with more retirees exposing themselves to debt with the number of Australians over 65 with a mortgage increasing by 54% in four years In an analysis of data from the Australian Bureau of Statistics (ABS), finder.com.au found that the number of Australian households with a mortgage
In his recent commentary on Switzer Commsec chief Economist Craig James explained why he believes despite all the media hype that Australian homes are still affordable. He said: The Rismark housing affordability measure indicates that home prices stood at 4 times household disposable income in the December quarter – a figure broadly unchanged on a decade
20 Melbourne suburbs, and not surprisingly some of the wealthiest areas, were responsible for more than $10 billion worth of real estate sales last year according to RPData. In 2013 there were 81,590 residential sales in Melbourne and 107,845 in Victoria. Looking at the Melbourne market over the medium term this is a comparatively low
American economist Harry Dent spooked a lot of Australians recently when he predicted an economic tsunami that would take property prices back to levels we haven’t seen for over a decade. Others say our housing market is being underpinned by the strength of our economy, strong population growth, low interest rates as well as overseas
In a recent market commentary, Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital explains that China is now the world’s second biggest economy and the largest contributor to global growth. With their concerns getting a lot of airplay he gives the following insights: China bears have always been around. At their
Some big changes have recently occurred to the information held on consumer credit files means so it’s now more important than ever for consumers to keep a clean record, especially as your credit history is one of the important factors taken into account by lenders when assessing your borrowing capacity.