Is rental affordability a problem in our capital cities?
February 24, 2017 By Ashley Cook

It’s not just homeowners who are experiencing housing stress. The latest data shows renters are increasingly experiencing it too as wages stagnate and affordability concerns continue. In 2016 rental prices increased by just 0.2%, according to CoreLogic RP Data, which is well below the inflation rate, but a large number of renters are still experiencing housing stress. Housing stress is defined as spending more than 30% of household income on rent. If you are a renter in Sydney, you are more likely to be experiencing such stress than renters in any other city in Australia.

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New CoreLogic figures reveal continued property price growth
February 13, 2017 By Ashley Cook

PROPERTY prices are continuing their upward momentum with new figures revealing another monthly increase. The latest CoreLogic home value index showed dwelling values jumped 1.4 per cent across the combined capital cities in February. The increase brings growth from this time last year to 11.7 per cent. Canberra had the highest monthly price growth of 3.2 per cent, followed closely by Sydney with 2.6 per cent. Melbourne values went up by 1.5 per cent, Hobart was up by 1 per cent and Adelaide 0.6 per cent.

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Selling your home in winter, not summer, can have its advantages
February 10, 2017 By Ashley Cook

SUMMER temperatures reached record highs this year and with most people huddling indoors to escape the heat one could be forgiven for wondering if it was the best time to be selling property. People traditionally prefer selling their homes in the warmer months, when their gardens are in full bloom their house looks its best, but selling in late autumn or winter can have its advantages. Mainly, it means less competition from other properties, so you get more of the buyers to yourself. And nationally, there is a far greater number of buyers pounding the pavement every Saturday, thanks to the historic low interest rates.

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Low housing stock continues to drive up Melbourne house prices
February 5, 2017 By Danielle Cahill

LOW levels of available housing stock are continuing to drive up home prices in Melbourne, providing a “substantial wealth boost” for homeowners, but further hurt for prospective buyers. Dwelling values rose 5.5 per cent in Melbourne in the most recent quarter, according to CoreLogic’s latest Hedonic Home Value Index — second only nationally to Hobart’s 5.8 per cent growth. These quarterly gains were helped along by a strong February, marked by a 1.5 per cent rise in values, which take into account both houses and units. This increase was above the national average and behind only Canberra’s and Sydney’s, at 3.2 per cent and 2.6 per cent respectively.

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Cheapest middle-ring metro suburbs to rent
January 29, 2017 By Danielle Cahill

With the new working year well and truly underway and the grind of the daily commute kicking back in, living a long way out of the CBD can have its downsides. If you’re a renter, it might be time to consider moving within a more achievable ‘commuter’ belt in one of the middle-ring metropolitan suburbs. Tasmania has dominated a national list of the cheapest suburbs to rent for houses, taking out 5 of the top 10 places, according to realestate.com.au/invest data. Prices range from $228 per week median rental price in Tasmania’s Clarendon Vale (10km from the Hobart CBD) to $300 per week in the Queensland suburb of Gailes, which is 19km from the CBD. South Australia is also prominent in the results, with Salisbury North, Salisbury and Brahma North all appearing in the top 10.

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Australia’s best growth suburbs for under $550,000
January 23, 2017 By Danielle Cahill

If you are looking for a home in a growth suburb for under $550,000 in a metropolitan area, you need to head to the outer suburbs. Eight of the national top ten growth areas in metro regions with median prices below that mark are located in suburbs that are over 20kms from the city. Forcett in Tasmania tops the list with 40.6% growth in the 12 months to January 31, according to CoreLogic RP Data, while the median house price in that area is now $450,000. Gulfview Heights in Adelaide came in at number two with year-on-year growth of 38.40% and a median house price of $550,00 while Clyde North in Victoria saw 37.70% in growth for the same period.

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