There’s still money to be made out of property if you are careful and hard-headed. It has been the wealth strategy of a generation. Buy a home. Look after it, improve it, upgrade it. And if cash flow allows, gear up to your eyeballs to buy more property for other
The preliminary capital city dwelling value index result for December was -0.2% (s.a.) following an upwardly revised +0.4% rise in dwelling values in November (was +0.1%). Revised regional house values for November increased from +0.3% to +0.5%. Sydney housing has been the nation’s best performer with dwelling values up
New home sales jumped in November in response to the Reserve Bank’s interest rate cut. The sales of new homes rose 6.8 per cent in November, following a downwardly revised increase of 2.8 per cent in October, according to the Housing Industry Association – Jeld Wen new home sales report.
AUSTRALIAN housing markets displayed a generally resilient performance in 2011, reflecting the inherent security of residential real estate in this country, particularly when compared with housing markets in similar open-market economies. The year was always set to be a period of correction for Australia’s housing markets following the unsustainable growth
If you’re a parent, you likely have several giant bins filled to the brim with toys for your little ones. And with Christmas (ho ho ho!) over you’re likely to have gotten toys in all shapes and sizes. And while I’m no bah humbug, the relative size of our
While swimming is a great form of exercise, the downside is that pools require vast amounts of water. Just to fill the average backyard pool takes 50,000 litres – and that’s roughly one third of the water used by an average person in a year. Even more water is needed
The Reserve Bank of Australia board has cut the official interest rate by 25 basis points to 4.25 per cent, giving mortgage holders and borrowers a pre-Christmas reprieve. The RBA announced the rate cut at 2.30pm AEDT today following the board’s final meeting for the year. It’s the second interest
Economists are divided on whether borrowers will get a second interest rate cut in as many months on Tuesday. Seven of the 14 economists surveyed by AAP say the RBA will cut the cash rate to 4.25 per cent from 4.5 per cent on December 6. On Melbourne Cup day,
First Home Buyers are returning to the market in greater numbers than at any time since September 2009, according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that First Home Buyers comprised 16.4% of all loans processed – a 40% increase for this buyer category compared to