Estate Planning

236 square metres Australian houses are the biggest in the world

236 square metres: Australian houses are the biggest in the world

Australians are building the world’s largest houses as the coronavirus pandemic forces people to spend more time at home. According to CommSec’s latest Home Size Trends report, released today, the size of the average new Australian house built in 2019-20 grew by 2.9 per cent to 235.8 square metres, the largest increase in more than…
Read More
How to save 17 000 when selling your property

How to save $17,000 when selling your property

The coronavirus pandemic is driving up demand among buyers for residential property, and private home-sellers in regional areas could be the biggest winners. According to property data group CoreLogic, the median house price in Australia is $559,254. If we assume 2-3 per cent is payable in real estate agent commissions, that’s roughly $14,000 to $17,000…
Read More
Key home loan repayment considerations

Key home loan repayment considerations

When it comes to home-ownership, for most of us this is achieved through saving a deposit and funding the balance via a home loan from a lending institution (e.g. bank, building society or credit union). Importantly, while the loan can help us with entering the housing market, it’s vital to remember that this will most likely be the largest,…
Read More
Should you use your super to buy a property

Should you use your super to buy a property?

Australians who’ve suffered financially during the COVID-19 pandemic are able to access some of their superannuation to help them get by. Perhaps unsurprisingly in this property-obsessed country, some people are pulling out their super and using it to buy property. Now from that start, it’s important to note that anyone eligible to withdraw their super…
Read More
The Aussie city headed for a housing bubble

The Aussie city headed for a housing bubble

The pandemic has changed the world forever – and if it’s also changed your living arrangements, you wouldn’t be alone. In fact, there are some cities you might not want to live or buy a house in at the moment, with Covid-19 putting added pressure on some of the largest cities around the world where…
Read More
Split vs fixed rate mortgages Which is right for you

Split vs fixed-rate mortgages: Which is right for you?

With interest rates at record lows, it’s never been cheaper to take out a mortgage. Finder offers rates as low as 1.90 per cent, but you may be able to find even lower ones if you know where to look. But this low-rate market can make it hard to decide whether to stick to a variable loan…
Read More
Boomed Why Aussies are feeling so good about the property market

‘Boomed’: Why Aussies are feeling so good about the property market

Australians all across the country are feeling “clear optimism” about the housing market, new data from Westpac has revealed. According to the latest Westpac-Melbourne Institute Index of Consumer Sentiment, the percentage of Aussies who feel it is ‘time to buy a dwelling’ rose by 10.6 per cent to a level not seen since September 2019. “Confidence in…
Read More
Home improvements and overcapitalisation

Home improvements and overcapitalisation

According to the latest data from the Australian Bureau of Statistics*, when it comes to household wealth: 1. Owner-occupied dwellings are the largest asset held by households, representing a value of $500,600 when averaged across all households, and accounting for 42% of household assets. Super is the second-largest household asset overall, and the largest financial asset,…
Read More
House prices expected to rebound in July 2021 – except in Melbourne

House prices expected to rebound in July 2021 – except in Melbourne

Economists from the Commonwealth Bank of Australia are feeling more positive about Australia’s property market and are now predicting a “solid recovery” in the second half of 2021. Former CBA forecasts from April predicted house prices would fall 10 per cent. But this figure has been revised upwards in light of the modest fall in…
Read More