The idea of financial independence can mean different things to different people but one common way to define it is having enough money that you no longer need to rely on a job, a paycheck or someone else to sustain your lifestyle. While the path toward financial independence can feel daunting, there has been one … Read more
Almost one in three Australian suburbs have seven-figure median housing price tags — another blow to people looking to break into the market. A CoreLogic report found a record portion of the almost 4800 suburbs it studied have a median house or unit price of more than $1 million. Sitting at 29.3 per cent, the … Read more
Big changes have kicked in for holiday homeowners in one of Australia’s most popular tourist towns, with new caps limiting how many days they can have guests staying each year. As of Tuesday, owners of short-term rental accommodation in Byron Bay, which are properties rented through Airbnb or Stayz, can only offer their homes up … Read more
It’s “no easy task” getting your foot in the property market in Sydney, an expert has told 7NEWS.com.au. Couples must now both earn six-figure salaries to afford a home in the majority of the NSW capital, new data has revealed. Sydney’s eastern suburbs, north shore, northern beaches, and inner-city suburbs remain the most expensive places … Read more
Couples must now both earn six-figure salaries to afford a home in the majority of Sydney areas, new data from Canstar has revealed. The average Australian salary is just over $100,000, according to data from the Australian Bureau of Statistics (ABS). Sydney’s eastern suburbs have a median house price of almost $4,000,000, while the north … Read more
The first hurdle to an early election has been cleared after the Albanese government failed to ram its housing laws through parliament. For the second time, Labor was unable to pass its Help To Buy bill — which would give first-home buyers access to cheaper deposits through a government guarantee — in the Senate on … Read more
As the federal government announces initial funding rounds for two key housing policies, two more face fierce resistance in the Senate. The first tranche of funds for the Housing Australia Future Fund and National Housing Accord programs are expected to deliver more than 13,700 new social and affordable homes nationwide. Construction on almost 40 per … Read more
The widely accepted threshold for sustainable mortgage repayments is 30 per cent of the mortgage holder’s income. But a recent survey has shown an alarming number of Australians are blowing out that budgeting ratio. Two in five homeowners are paying more than 30 per cent of their wages on mortgage repayments, with almost one in … Read more
An urgent plea has been issued to stop tens of thousands of Australian children and young adults falling into a life of homelessness, as new data reveals the extent of the housing crisis. An estimated 120,000 Australians do not have a home and nearly 46,000 are children or young adults aged up to 24 years, … Read more
NSW is pushing ahead with an Australia-first portable bond scheme that will allow millions of renters to digitally transfer their bond to their new home. The state government on Monday said an upgrade of the existing rental bond system will soon get underway with the work expected to be completed in 2025. “This scheme will … Read more
