Search Results for: housing affordability

Retirees renting need more than $1 million to be comfortable

The Association of Superannuation Funds of Australia (ASFA) released its Retirement Standard updates for the December 2016 quarter showing a slight increase in the cost of living for retirees. The Association also released new figures showing Sydney retirees relying on the private rental market for accommodation would need more than $1 million in super savings, … Continue reading “Retirees renting need more than $1 million to be comfortable”

More High Home Price Evidence

The Economist updated their home price data series. Further evidence Australia’s home prices are look severely overpriced. Buyers, beware, and also consider the underlying reason why this is occurring. Limited supply, and negative gearing are a smart part but other deeper, more structural factors are also in play. PROPERTY is as safe as houses, at … Continue reading “More High Home Price Evidence”

Saving The Backyard And Boosting Liveability

The Victorian State Government is taking action to protect the much-loved backyard and keep more garden space in local suburbs. Minister for Planning Richard Wynne announced the changes today, which follow a review of suburban Residential Zones. The review found the zones had been implemented in an inconsistent manner across Melbourne, but the proposed changes … Continue reading “Saving The Backyard And Boosting Liveability”

More than 1 million Australians face mortgage strife

From The AFR. Exclusive analysis performed for AFR Weekend has revealed that more than a million Australian home owners will struggle with mortgage stress if interest rates were to rise just three percentage points. Data from research house Digital Finance Analytics shows that close to one in three households from Victoria, Tasmania and Western Australia … Continue reading “More than 1 million Australians face mortgage strife”

First Home Owner Grant To Double In Regional Victoria

The Victorian Government has announced the First Home Owner Grant will be doubled in regional Victoria. The Grant will increase from $10,000 to $20,000, commencing 1 July 2017. The Government expects up to 6,000 first home buyers will receive extra assistance. This is in addition to the recent land release announcement. The increased grant will … Continue reading “First Home Owner Grant To Double In Regional Victoria”

Home Deposits Unwelcome in Super

From The Financial Standard. Superannuation industry groups are warning the federal government to keep Australia’s $2 trillion retirement savings system away from addressing the nation’s housing affordability problems. Earlier this week Federal Treasurer Scott Morrison said the government is likely to address housing affordability in its May Budget, and there have been several suggestions about … Continue reading “Home Deposits Unwelcome in Super”

The Future Is… Uncertain

Australians and businesses overwhelmingly think our country is a great place to live and have a business. However, Australian consumers and businesses are anxious about what the future holds. National Australia Bank (NAB) today released a new report which asks consumers and businesses to explore life, work and running a business in Australia – now … Continue reading “The Future Is… Uncertain”

The Property Imperative 8 Now Available

The latest and updated edition of our flagship report “The Property Imperative” is now available with data to end February 2017. This eighth edition updates the current state of the market by looking at the activities of different household groups using our recent primary research, and other available data. It features recent work from the … Continue reading “The Property Imperative 8 Now Available”

Baby Boomers digging into retirement savings to help their kids buy houses

From StartsAt60. We’ve all heard stories about some Baby Boomer parents helping their kids out to buy their first home. But as a new report, released by Digital Finance Analytics, has revealed, it’s becoming a growing trend across the country. The report shows a growing number of Baby Boomer parents are giving their adult children … Continue reading “Baby Boomers digging into retirement savings to help their kids buy houses”

Yet Another Nail In The Investment Property Coffin

The AFR has reported the Turnbull government is planning a crackdown on capital gains tax concessions for property investors to seize the mantle on housing affordability and provide revenue to help replace soon-to-be dumped budget cuts. Given most property investors are benefiting more from rising capital gains than offsetting costs from negative gearing, this is … Continue reading “Yet Another Nail In The Investment Property Coffin”