Property crowdfunding on the rise in Australia
This is according to a new study conducted by the University of South Australia in conjunction with Domacom, one of the largest property crowdfunding platforms in Australia. The aim of this project was to analyse crowdfunding trends in the real estate market and their findings were rather interesting. A growing concept While crowdfunding itself is […]
Granny flats as an investment concern – what you should know
According to the research, the popularity of granny flats as measured by listings on their site increased by 16% in 2016 alone. In addition, they reported an increase of 84% for granny flat accommodation in the last quarter of 2016. The question is what has led to this demand for granny flats? Factors that have […]
Has apartment living become the new Aussie dream?
First-time homebuyers and their wallets Simply put, the cost of a house is just out of the reach of many youngsters. They are already struggling to balance their lifestyle and debt with their salaries, never mind saving up for a deposit. An apartment is just more affordable. In fact, the average price of an apartment is around 30% […]
The latest update in the Australian property market – October 2017
Housing market giant gets a blow This has affected booming housing market giant Sydney, which has experience an all-time low in October. The median dwelling value in Sydney fell by 0.5% to $905,917. Which is an accelerated drop from the 0.1% it attracted in September. Other states have also been affected such as Darwin down […]
Is it cheaper to build or buy your home?
What does it cost to build a dream? The main factor that will affect you is how many paper lobsters you have loaded in your bank account to finance your need to build. It will also be determined by whether you have the patience as building a house from scratch takes time. There will be […]
What to do when you have paid off your mortgage
Celebrate the victory Celebrate the victory lap of all the hard work that you had to put in tied in with the discipline of being able to pay off your mortgage. It’s a huge achievement that needs to be celebrated, whether you do it with a cup of wine under the roof of the house […]
When is the best time to sell your investment property?
Avoid selling in a panic It may sound like property Armageddon in the news with property values falling and prices being at their highest. However, keep in mind that the Australian property market is made up of different sectors like a giant quilt. Just because one area in the property market is experience a slump […]
How much of our earnings do we spend on rent in Australia?
Sydneysiders feel the pain, though Victoria isn’t far behind According to the Australian Bureau of Statistics and CoreLogic, if you rent in Sydney, you’re spending 37.9% of your weekly earnings on rent with an average rent of $592. Melbourne comes second with about 30.7% of earnings going toward rent, with Brisbane a shade under at […]
Reverse mortgages: a look at the statistics
Reverse mortgages don’t require repayments immediately. The lender is paid back after you sell the home or pass away. The major difference between regular mortgages and reverse mortgages is that interest is compounded. Compound interest is essentially “interest on interest” that can add quickly. Compound interest can erode the equity in your home more quickly […]
Self-Employed Home Loans
Years ago, the big banks wouldn’t lend to the self-employed, but that’s all changed now with online lenders increasing the competition in the home loan market. You can take an in-depth look at the best home loans for self-employed workers, the documentation you’ll need and all the features on offer right here with Savvy. Comparing […]
Bad Credit Home Loans
If you’ve ever been rejected for a home loan, or even fear applying for one due to your poor credit history, you’re not alone. Hundreds of thousands of Australians each year are at high risk of credit defaults. However, the good news is that a bad credit score shouldn’t prevent you from being approved for […]
Home Loan Refinance
There’s never been a better time to think about refinancing your home loan, with interest rates now on the rise and many online lenders making the home loan market highly competitive. Whatever your reason for wanting to switch to another loan there’s plenty of opportunities to save money, both on fees and interest payments. Whether […]
