This Week In Australian Property #12
A housing report out this week shows first home-buyers are at 8.1% in Sydney – a record low that is down from 30.8% in 2009! Why such change? There is a lot of commentary about affordability, however Luci Ellis, the assistant governor at the RBA has a different take, citing the changing make-up of demographics as one reason for this change with younger demographics travelling more, starting their careers later and even marrying later. True on all fronts for me! Interested to know your thoughts.
This week we also look at rising interest rates, capital gains tax and the latest auction results; plus a great beach house renovation in Avalon.
Trending this week
CBA Tightens Reins Further On Home Lending
CBA raises interest rates on interest-only home loans.
It’s Not Just Avocado’s Smashing First Home-Buyer Prospects
First home-buyers are currently at a record low in NSW.
Home Truths About Property Prices
Changing demographics in Australia are impacting make-up of the housing market.
Real Reno: Avalon Beach House
Take a look at the amazing transformation of this beach house!
What Is Capital Gains Tax?
Understand how capital gains tax can impact a property transaction.
Auction clearances show no sign of easing off.
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