The life plan for young Aussies has always been something like this: get a job, save money, buy a house, start a family. It may have worked well for past generations, but for many millennials it just isn't that simple anymore. It's the 'buy a house' bit, in particular, which is causing problems. With many [...]
Australia continues to be a popular choice on the global investment stage thanks to its mature market and comparatively strong yields, although transaction volume has fallen this year as there just aren't as many suitable investment properties available. This is according to a study from the Urban Land Institute (ULI) and PwC which predicts emerging [...]
You've probably heard that the RBA cut the official interest rate AGAIN, meaning we're now at a new all-time low of 1.5%. The rates affect pretty much everyone, especially when it comes to mortgage repayments, monthly rental and savings, but what does it mean for the wider economy? Treasurer Scott Morrison says the continued cuts [...]
RBA's decision to cut interest rates to 1.75% earlier this year set a new all-time low for Australia, and this is starting to show through in the mortgage rates that banks are offering. With some three-year fixed rates now 100 basis points (1%) lower than many variable rates on the market, you might be wondering [...]
Fickle foreign buyers seem to be losing interest in Sydney and Melbourne, with Brisbane having caught their attention instead. NAB has released its residential property index, revealing that foreign buyer interest in Australia's largest two housing markets, NSW and Victoria, is cooling off. The markets are, for now, being sustained by a promising sentiment among [...]
Well actually, he was being very charitable. Philanthropist James Fairfax, formerly of newspaper fame, has donated his huge home, worth around $20 million, to the National Trust of Australia. This makes it the largest donation to them on record. And not only that; he's also handed over another few million to help with the upkeep [...]
