I’d like to share with you Catherine Cashmore’s (Property Advisor & Buyer Advocate) view on the future of Australian housing market. I enjoyed reading her article ‘Will Our Property Market Crash?’ including her additional comment regarding affordability as shown below: All future analysis is to some extent speculation and although I can ‘envisage’ temporary drops […]
WHILE the (first) 2010 AFL grand final drew most people away from the property market, those still in the game faced tougher competition at the fewer auctions held. Buyer activity was concentrated on the 65 auctions that took place, with 52 of those properties selling either before, at or after auction. There were also 456 […]
Melbourne property prices experienced another month of near zero growth in August, with the market putting in its second weakest performance of the year. Analyst Residex reported that Melbourne house values rose just 0.33 per cent last month (apartment values fell1.03 per cent). That was only marginally better than the 0.27 per cent growth in […]
IT seems young Melbourne home buyers can’t get enough of the clean lines and geometric shapes of Art Deco architecture. Real estate agents have reported a rush on anything displaying the movement’s distinctive hallmarks as the city’s collective appreciation for the style grows. The buildings are starting to be looked at with the sort of […]
Spring may be here but there are signs that Melbourne’s property market is missing some of the bounce usually seen in its step at this time of year. After a record-breaking autumn that turned into a decidedly lacklustre winter performance, there are plenty of questions about what’s in store for the rest of the year. […]
FORGET apartment blocks — the age of the ‘‘vertical village’’ has arrived. And far from the skyhigh stacks of shoe-box dwellings that many associate with apartment living, the modern variant promises levels of comfort rarely experienced outside expensive hotels. From poker rooms and massage parlours — the classy kind — to dial-a-chef services and beauticians, […]
Personal bank accounts could become debt traps if proposed changes are made to them, one industry expert has warned. According to Consumer Action Law Centre’s Nicole Rich, financial organisations are attempting to boost their profits by enticing people to take out an overdraft on a transaction account. Click here for the rest of the article […]
A significant majority of young Australians are addicted to credit cards and feel unable to save for the long-term, it has been suggested. Catherine Cashmore, a buyer advocate at real estate firm JPP, claimed that today’s Generation Y – meaning Aussies ages 18 to 24 – expect to have easy access to loans and credit. […]
Caveat emptor: this often-quoted Latin phrase means “let the buyer beware”, and it remains one of the bedrock legal principles governing property transactions today. The simple fact is that the real estate system is weighted heavily in favour of vendors and vendors’ rights, which means buyers have to be wary, proactive and knowledgeable to protect […]
AFFORDABILITY has been the word of the week. It’s a timely election “hot word”. One mention of affordability and everyone puts up their hand because no matter what our earning capacity, we all hold debt and crave the unaffordable. The one difference between our lives now compared to 30 years ago is our attitude towards […]
