As the cost of living continues to rise, its ripple effects are felt across various sectors of the economy, including the property market. From housing affordability to rental rates and property investment, the cost of living crisis is reshaping the landscape of real estate in profound ways.
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Studies by the Australian Housing and Urban Research Institute found financial circumstances are an overriding factor in the formation of multi-generational households – and are even more dominant than cultural reasons. The benefits of a multi-generational household are obvious: companionship, ease in providing care, upholding cultural traditions, practicality and convenience, and inter-generational solidarity. As were
In the ever-evolving landscape of real estate, staying abreast of the latest trends is crucial for both buyers and sellers. Let’s explore some of the noteworthy trends shaping the property market.
Becoming a homeowner is a significant achievement, often facilitated by obtaining a mortgage. Among the various mortgage options available, a fixed-term mortgage is favoured for its predictability and stability. However, as the fixed term approaches its end, homeowners must consider several crucial factors to ensure a seamless transition. This article will explore the essential considerations
When venturing into the world of real estate, you may encounter unfamiliar jargon that can make the process seem overwhelming. To help you navigate this complex terrain, we have compiled a list of 10 uncommon real estate terms, along with their easy-to-understand meanings. By familiarising yourself with these terms, you’ll gain confidence and make more
Property valuation is an essential aspect of the buying and selling process, but it can often seem mysterious and complex. To demystify this process, let’s explore the basics of property valuation to gain a better understanding of the different types of valuations available, how they are calculated, and their significance in the real estate market.
If you’re considering purchasing a strata apartment for the first time, it’s important to understand what strata title means and how it affects your ownership and living experience. In simple terms, strata title is a legal framework used for multi-unit buildings, such as apartments or condominiums. When you buy a strata apartment, you become a
Interest-only (IO) home loans are a popular alternative to traditional mortgages as they allow borrowers to pay only the interest on their borrowed amount for a period of three to five years, resulting in lower monthly repayments during this time. However, it is important to weigh the advantages and risks of these loans before deciding
When it comes to selling property for capital gains, timing is crucial. Additionally, having the necessary resources to upgrade to a better area is equally important. Before buying a property, it’s essential to consider its resale potential, especially in adverse circumstances, to ensure a profitable outcome. Stay focused and informed First and foremost, location remains
When considering buying and selling a home simultaneously, it’s important to have a well-thought-out strategy to ensure a smooth process and avoid financial loss. Most people aim to sell their current home for the highest possible price, buy a new home at the lowest possible cost, and minimise the hassle involved in the process. But