Talking to a developer friend this week, he told me of the bizarre predicament he is currently facing. He can get approvals from the council, which is a tick. He can get pre-sales from buyers – another tick. The banks are happy to fund, so you’d think there’s the trifecta. However, he can’t guarantee construction…
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Originally posted on News.com.au by Lilith Hardie Lupica and Yeong Sassall | 30 November 2023 1/10 Photographed by François Coquerel. Interior design by Hauvette & Madani. From a Parisian apartment brimming with bespoke furniture and unique design details Some trends are born to fade; flashes in the pan of good taste and questionable decision making that should…
The past two weeks have brought significant updates to the residential property market, affecting both first homebuyers (FHB) and the rental industry. One of the most significant changes is the increase in stamp duty concessions for first homebuyers. Announced in the state government’s recent budget, the threshold for stamp duty concessions has been raised from…
“How are our kids ever going to afford to buy property?”. This question is asked every time we sell a property for a new benchmark. One strategy for many first home buyers is rentvesting. It’s a strategy that sees them buy a property where they can afford to buy, usually in a location a lot…
Only 55 per cent of Millennials aged between 25-39 own their home whereas at the same age, 70 per cent of the Baby Boomers owned their own home in 1991 and 65 per cent of Gen X owned their own home in 2006. This demographic shift in home ownership may be representative of the fact…
What really gets up my Mum’s nose is when she sees a sign saying ‘Surcharge for debit cards #%’. Then, when she wants to pay cash, they say “Sorry, we don’t take cash”. Ironically I wrote about this recently, that tenants must now have an option to pay without extra charge. Mum would love to…