Record property prices are proving to be good news for vendors, with 94.3% of all vendors in the March quarter selling their home for more than they'd originally paid, according to CoreLogic. That was the fourth consecutive quarterly increase and the highest share since 2010.
With property prices at record levels, the size of the average mortgage has also hit new highs, making it more important than ever that you shop around for the right loan.
The Australian property market is growing briskly right now and has grown significantly since the pandemic. But the city-by-city performance has been more varied.
Are you looking to purchase a property in Australia? If so, you’ll likely need to take out a home loan and are looking for tips as a first-time borrower. By the end of this article, you should understand how home loans work in Australia and what factors you need to consider when taking out a loan.
Australia's property market is experiencing a cooling phase, transforming it into a landscape ripe with opportunities for discerning investors. For Australian expats eyeing property investments, this shift could signal the perfect moment to act.
The federal government is aiming to improve housing affordability by increasing the supply of housing, which would be expected to reduce demand and put downward pressure on prices. As a result, the government is attempting to facilitate the building of 1.2 million homes in the five years from July 2024. So what does the latest homebuilding approvals data show?
More and more Australians are turning to property investment, new analysis has revealed. CoreLogic’s head of research, Eliza Owen, found that the number of investors entering the market was exceeding the number exiting, by comparing home loans data with listings data.
Many Aussie expats use their time overseas to accelerate financially. Here’s how Australians living abroad are buying property back home and building long-term assets. Moving offers higher earning potential, global career experience, and the ability to accelerate financially in ways you can't back in Australia. Expats also recognise something else- the overseas window is powerful, but it isn’t permanent. This naturally raises the question: "How do I make the most of that time whilst I am here?"
Rental yield often attracts the first attention, especially for Australians living overseas who want stable income from their property. But yield alone rarely reflects long term performance. The stronger approach is to balance income, capital growth potential, and your broader plans while living abroad.
TLDR SMSFs can work for Australians overseas, but only if strict residency rules are met. Most issues come down to control, contributions, and time spent abroad. If those break, the fund can lose its tax status.
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