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In the ever evolving landscape of real estate, Sydney investment property continues to stand out as a prime destination for investors. With its stunning harbors, world class amenities, and robust economy, the allure of owning a piece of this iconic city remains strong. However, like any investment, the Sydney investment property market comes with its […]

Prospective homebuyers in Australia often turn to monthly property price guides to navigate the complexities of the volatile housing market. These guides are intended to provide insights into current market trends and help buyers make informed decisions.

The issue of derelict and vacant properties in Australia, particularly in urban hubs like Sydney and Melbourne, continues to be a pressing concern with multifaceted implications.

Navigating the rental market presents significant challenges for landlords, property managers, and tenants alike, as highlighted in recent discussions.

The latest update from Domain for the June quarter reveals that rental prices in Australia are at record highs, but the growth rate is beginning to slow. This development suggests that the rental market may be stabilizing after a period of rapid increases.

Local governments and property law experts are urging state governments to exercise their authority to compel owners of vacant and dilapidated properties to either utilize them or face penalties. This initiative aims to address Australia’s housing crisis by potentially increasing the availability of housing options.

Housing affordability has emerged as a critical issue in Australia, particularly impacting single individuals with average incomes who aspire to own a home. In New South Wales, single earners would need to allocate a staggering 82% of their monthly wages to afford the average mortgage, reflecting the severity of the challenge.

In response to Sydney’s rental crisis, landlords are adopting a controversial practice of charging rent per bed rather than per room. This trend, showcased prominently on platforms like Facebook Marketplace, features beds in shared rooms priced between $200 to $250 per week in sought-after locations.

Mortgage holders are increasingly concerned about a potential interest rate increase by the Reserve Bank in August due to recent inflation trends. Compare The Market has provided estimates on how monthly repayments could rise for mortgages of various amounts if the cash rate goes up by 25 basis points.

The proportion of Australian homeowners falling behind on mortgage repayments has reached an eight-year high, driven by persistent inflation and high interest rates. According to a report by Fitch, the number of mortgage holders in arrears by 30-59 days has climbed to 0.48%, the highest level since 2016. Additionally, 30+ day arrears have risen by 9% to 1.3%, marking the third consecutive quarter of increases.