As we look back on the period between 2014 – 2017, we witnessed property investors flock to the market. We watched property prices in Sydney & Melbourne reach double-digit annual growth. The headlines were all about how “Investors were outbidding first home buyers” and shattering the great Australian dream for
Melbourne’s house and apartment prices have transitioned from bottoming out, to now trending in the other direction. Since the late 2017 market peak, the property market has had a tough time, but prices are now rising again. While homes are getting more expensive, the supply continues to dwindle. This is
What you need to know when downsizing your home Regardless of your lifestage – whether you’re a baby boomer, empty nester or just someone looking for a lifestyle change – the idea of selling your family home can be daunting. The memories it contains and the comfort of staying put
Stamp duty or land transfer duty – as it’s sometimes called in Victoria – can be an unpleasant surprise for those embarking on the home owner journey. Stamp duty in Victoria is a large source of taxable revenue for the state government, consistently proving to be a thorn in the
Many facets work together to add overall value to a suburb, including public transport, amenities and popular attractions. One often overlooked element that can add considerable value to your property: proximity to outstanding public schools. Why do excellent public schools hold such influence over a suburb’s value? It all comes
On 4 February 2019, the final report of the banking royal commission was delivered. Commissioner, Kenneth M. Hayne, made recommendations that relate specifically to the home loan mortgage industry. Importantly, the Commissioner has suggested changes that seek to strengthen existing regulations and promote cultural change. These recommendations impact everyone from
With the 2019 federal election on the horizon, changes to the negative gearing policy have become a frequent topic of discussion. Introduced in the 1980s by the Hawke government to encourage Australians to populate the housing market with rental properties, the policy did its job. Unfortunately, more than 35 years
If you believe the 88-year-old investor Warren Buffet, the time to invest or enter the property market is when others are fearful. Warren Buffett is the chairman & CEO of Berkshire Hathaway one of the most successful investors to ever walk the planet. 18 months ago, Warren would have described
It’s a sensitive time in the property market at the moment, and as a result we’re seeing a higher rate of properties pass in at auction. If you’re bidding on a property at auction, a pass in may throw you off a little – but if handled well, it can
1 – Unrealistic vendors, looking for a price that is not in line with current market conditions. In a declining market, comparable sales are no longer relevant. The number one reason a property passes in is that the vendor still thinks the neighbour’s house which sold for $1.5 million 12
Acknowledgement of Country Industry Insider respectfully acknowledges the Traditional Custodians of the land of which we work, the Bunurong Boon Wurrung and Wurundjeri Woi Wurrung peoples of the Eastern Kulin Nation and pays respect to their Elders past, present and emerging.
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