From basic to brilliant: Melbourne has undergone significant gentrification of once undesirable, working class suburbs. Gentrification is the process where a neighbourhood undergoes urban renewal and revitalisation, typically leading to increased property values, which sees lower-socio economic residents replaced by more affluent newcomers. Typically, gentrification takes decades, slowly transforming once working-class neighbourhoods in inner-city areas;
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Capital Gains Tax is a term you’ll often hear when it comes to the sale of investment properties. It is one of those taxes no one really wants to pay. A little quick history, Capital Gains Tax (CGT) was introduced in Australia in 1985 and applies to any asset you’ve acquired after this time. Basically,
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Australia is experiencing record levels of inflation as a result of knock-on effects from the COVID-19 pandemic, the war in Ukraine and strong consumer demand. We are set to forecast up to 8% by Dec 2022. In Australia, the most significant price hikes have been in dwelling purchases by owner-occupiers, automotive fuel, furniture and fruit
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As the price of goods and services increases, the overarching theme of the 2022/23 Federal Budget will be about combating the rising ‘cost of living’ pressures. For property markets this means addressing housing and rental affordability. The Reserve Bank of Australia (RBA) will combat strong inflation growth, later in the year, by following the lead
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By all accounts, Australia’s housing market has a tough act to follow in 2022. Dwelling values soared 22.2 per cent nationally this year – the largest annual increase since 1989, fuelled by ultra-low interest rates, high household savings, government stimulus and relatively low listings. The estimated value of Australia’s residential real estate lifting from $7.2
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To buy a new house or sell your existing house first is the classic real-estate conundrum, but there are some key drivers you should be aware of that could help you work out what’s right for you. It comes down to what the market is up to & your financial position. The best place to
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“Home is where the heart is”, goes the saying. And selling a beloved home can feel like years of memories and a neighbourhood of friendships have been taken away. If the sale involves a life change, every twist of the process can feel like more salt in the wound. Selling your home can be bittersweet
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Last year saw significant disruption and change in every aspect of our lives. The way we socialise, exercise and entertain ourselves all shifted. Property markets were not immune from the effect of last year’s events. Isolation, work from home and home schooling changed the way we use our homes and also made us think about where
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