#20 Suburbs where investors should look for yield
What’s a yield? It’s a percentage based on the annual rent you’ll earn compared to the value of the property. It’s a helpful way of assessing your cash flow. The higher the yield, the more rent you’ll be earning to pay off your mortgage. This means lower out-of-pocket costs. It’s not uncommon to find that […]
Market update: distressed sales are falling
A distressed sale refers to when a property owner is struggling to make their mortgage repayments and puts their property on the market. The data, from Domain, shows that such sales have trended down this year despite rising inflation and interest rates. Eight of the top 10 regions for distressed sales across Australia are in […]
Buying your first home becomes less likely after 30 but these things can help
More than 60% of household heads born between 1950 and 1954 had bought their first home by the age of 30 to 34 years. Whereas only 45% of household heads born between 1985 and 1989 had bought a home by the same age, reports Domain. The research was conducted by University of Sydney researchers from […]
Sellers are the likely losers in off market sales
PropTrack data shows properties sold off-market in Brisbane achieved 3.6% less than those sold through realestate.com.au. “Deciding to sell off-market may come at a significant cost,” reports realestate.com.au. “While some sellers might try to save money by not advertising online, this analysis shows the potential earnings lost in the final sale price far outweigh the […]
Market update: #5 Brissie burbs have clocked up 10% growth this year
For the most part, growth has been at a fairly stable pace, contributing to an average growth rate of 3% in the three months to June, according to the latest Herron Todd White Month in Review. But some Brissie burbs have clocked up price growth that is reminiscent of the pandemic property boom. Prices in […]
Rental pressure driving Aussies to fast-track home deposit savings
A new survey from Canstar shows Aussies have turbo-charged their savings by $188 per month this year, reports news.com.au. This takes average monthly savings to $1605, which is 13% higher than last year. “First home buyers being able to save more in a cost-of-living crisis shows how determined Aussies are to get off the renting […]
Units drive gains in Brisbane’s profit-making sales
The latest CoreLogic Pain and Gain Report shows that the vast majority of Brisbane sellers – a whopping 95.7% – pocketed a profit in the March quarter. This compared favourably to Sydney and Melbourne where loss-making sales where more than double that of Brisbane. Interestingly units drove the increase in Brisbane’s profit-making sales, while profit-making […]
Market update: Bargain hunters set the pace in fast selling suburbs
Buyers seeking good value in Brisbane’s outer suburbs are setting the pace of sales. But data from Domain shows the temperature has dropped from our super-heated market highs, with days-on-market increasing from last year, even in our fastest selling suburbs. Just a stone’s throw north along Gympie Road, the affordable suburb of Strathpine is the […]
Is it cheaper to buy or rent a unit in Brisbane?
But as interest rates have also risen, mortgage repayments have become more expensive. So what do the numbers show? Is it cheaper to rent or buy a unit in Brisbane? Number crunchers at Domain have done the hard yards with a calculator and come up with some answers. Based on the median Brisbane unit price […]
The Block’s Marty Fox passes judgement on Queensland
And before the first episode has hit our TV screens, we’re already getting a glimpse of the straight talking we can expect from the judges. New judge, Marty Fox, a ‘serial flipper’ and Melbourne-based real estate professional, has crossed the border for the first time in seven years and declared that Queensland has “really lifted […]
