Home buyers are being urged to apply for an Australian government scheme that allows them to purchase a property without needing a guarantor, saving them about $25,000 on bank fees. This financial year, 50,000 people can apply for three programs under the Australian Home Guarantee Scheme, designed to make the process of purchasing easier for … Read more
Amid a cost-of-living crisis and a housing crisis, Sydney renters are giving up their dreams of beachside living for cheaper pastures. As a result, 20 suburbs along the city’s coast have recorded median rents for houses cheaper than they were a year ago, according to new data from Domain. Some of Sydney’s most highly coveted … Read more
An Adelaide woman who faces homeless with her severely disabled son was told by a public servant to use “spells” to “manifest” a home because of a shortage of public housing. Katie Fattel, 40, has until September to find a new home because of extensive water damage in her current Woodville private rental. And she … Read more
A homeless man who was living in a tent in Adelaide’s northeast will soon have a place to call his own after five years. Peter Woodforde, affectionately known as Woody, was living under a gazebo behind the Salvation Army in Modbury for the last 18 months but was recently told he would have to move … Read more
Clouds are finally starting to part for Australian tenants, with rents in most major cities either falling, stalling or growing at a slower pace. Low vacancy rates have pushed advertised rents higher for several months running but the latest report from real estate platform Domain shows conditions are improving for renters. Asking rents for houses … Read more
Australians are extending their mortgages amid the cost-of-living crisis, taking on more debt in the long run. New research by Finder reveals 13 per cent of people surveyed have extended the length of their home loan in the past 12 months. The average loan size in Australia is $625,050, according to Australian Bureau of Statistics … Read more
Geoff Browne and his family should have been settled into their first home, instead they’ve paid tens of thousands of dollars worth of debts and sold their dream home because it was falling apart before it was even finished. The Adelaide family have been scathing of South Australia’s consumer watchdog, labelling it a “toothless tiger” … Read more
Australians living outside the major cities have not been spared from eye-watering rental hikes, putting pressure on populations in disaster-prone areas and other vulnerable groups. Renting in the regions has become increasingly expensive since the COVID-19 pandemic, based on an analysis of SQM Research’s weekly asking rents. The average regional renter is spending more than … Read more
Australian home prices are expected to rise once again, with record highs for houses and units in most capital cities. Perth, Adelaide, Sydney and Brisbane are expected to lead the pack on house prices in the 2025 financial year, setting fresh records alongside Queensland’s Sunshine Coast and Gold Coast, real estate portal Domain says. By … Read more
(NewsNation) — U.S. home sales in May dropped to the third-lowest level in a decade as homebuyers continue to face elevated mortgage rates, record-high prices and low inventory. Last month, 407,959 homes were sold, down roughly 3% from a year ago, according to real estate brokerage Redfin. To put that in perspective, only two months … Read more
