30
Nov
Social Housing Future Fund needed to address housing affordability: Grattan Institute
More of Australia’s low-income earners could have a roof over their heads under a new proposal to fund and build more social housing. Up to 3000 houses could be built every year from the profits of a $20 billion investment by the federal government in a social housing future fund, under a plan put forward…..
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24
Nov
How much could borrowers save on their home loan when interest rates rise by making extra repayments now?
Home borrowers facing the prospect of higher interest rates could cut their future repayments by paying off more now, with new figures revealing the savings on offer. Fixed mortgage rates have already started to rise from their historical lows as the Reserve Bank unwinds its emergency stimulus measures. While the central bank expects to be…..
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24
Nov
Housing boom to slow next year before prices slip in 2023
Australia’s property price boom is set to slow down next year before prices slip in 2023, leading economists predict. The massive 20%-plus gains in median prices recorded across 2021 are not expected to be repeated next year, with analysts forecasting a drop back to single-digit growth. Economists at three of the four big banks now…..
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24
Nov
How to get into the property game before 30: Six expert tips
It can be hard to get into the property game, especially as a young person. From saving a deposit to finding a property you actually like — that you can afford — it can all seem like a little too much. And with house prices booming, you’d be forgiven for thinking it’s all but impossible……
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22
Nov
How much has house price growth outstripped growth in wages?
This month, the ABS posted a 2.2% annual increase in the Australian wage price index (WPI). The WPI measures changes in the ‘price’ of wages and salaries over time, meaning it accounts for changes in the quality and quantity of work done. The 2.2% uplift represents wages growth getting back to pre-pandemic levels, and is…..
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22
Nov
How much does a house deposit cost compared to the average wage?
Home buyers looking to get into Australia’s pricey property market would need to save more than a year’s pay to scrape together a deposit on a house in any capital city, with deposits in some locations costing up to three times annual incomes. Even to purchase an apartment, buyers would need more than a year’s…..
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