Australian Tax Office (ATO) data shows that only 9% per cent of investors own three or more properties. So, if property was such a good investment, why do many stop at one? Unfortunately, most people simply buy the wrong property, buy emotively, sell quickly and never buy again, or stubbornly hold onto it hoping thingsRead More
Located in Melbourne’s South East – Caulfield is a family friendly area with all the amenities to match. From it’s central train station and trams to the famous Caulfield Park that hosts families and sport enthusiasts, this neighborhood certainly has it all. The properties in Caulfield range from classic Art Deco and 1960s apartments to modern apartments and homesRead More
Do you want to know a secret? Generations of Australians were taught to get a good job, buy a home and pay off their mortgage because they were told they’d be looked after in retirement by the government. Now that was supposed to mean the pension would be there for them in their twilight years.Read More
Citi Bank has black listed a range of Sydney suburbs where they have tightened their lending criteria for apartment buyers. Recently Citi advised brokers of 34 suburbs in New South Wales where borrowers would face tougher hurdles to get a mortgage and have to jump through additional deposit hoops and face more stringent practices around cash outRead More
Melbourne’s property market continues to perform strongly with house prices now at record levels and up 19.5% over this latest growth cycle. The latest research by Onthehouse.com.au has revealed that Victoria is the second wealthiest state when it comes to residential property, with 12.4% of dwellings in the metropolitan area valued at over $1 million.
