First Home Buyers

April 17, 2014 4:49 pm

First Home Buyers in Victoria Takes Another Hit


First home buyers’ struggles continue as the latest data from the Australian Bureau of Statistics (ABS) show that first home buyer financing was at its lowest point in 23 years for Victoria. First home loans represented a mere 11.76% out of 1,402 dwellings financed. Several factors are pointed out as major deciding factors, including high property values, concession changes as well as the decision of most home buyers to rent. This major shift in the property sector has to be given serious attention, as more homes are built to accommodate investors rather than home owner occupiers. Read more about this [...]

First Home Buyers in Victoria Takes Another Hit2023-03-03T00:01:40+10:00

February 4, 2014 12:02 pm

Can You Still Afford to Buy Property


Australian housing has been on the rise for the past years. With the strong demand for property, it is inevitable that house prices catch up. The median price of houses across Australia now stands at $575,000, with Sydney being the most expensive at $775,000, and Hobart as the least at $350,000. The median price has steadily increased, and for 2013 it rose by 9.8% from the previous year. Cameron Kusher, Senior Research Analyst at RP Data has 7 telltale reasons why Australian Housing is expensive. He points out that Australians are high earners compared to other countries. More than half [...]

Can You Still Afford to Buy Property2023-03-03T00:01:41+10:00
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