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 Hello, Understanding luxury real estate in Australia is not hard. We all know that Sydney is the most in-demand destination when it comes to owning a lavish house. The Harbour-side homes are highly recognised for their privacy and easy access to the waters. They allow the residents to enjoy the most spectacular views of the Sydney Harbour Bridge and the Opera House. In addition, they can have a wow moment while soaking up the New Year celebrations and other events taking place on the Harbour. Naturally, the city is generating the highest waterfront premiums across the globe. The other two contenders in the list are Gold Coast and Perth. I am sharing an article here to explain this further.       https://www.milliondollarmansions.com.au/blogs/which-australian-city-generates-highest-waterfront-premiums/

 AMP (ASX: AMP) has teamed up with Australian fractional property ownership platform Bricklet to give property buyers without a deposit a leg-up into the market. Under the agreement, AMP Bank will provide loans to owner occupiers who have secured their deposit through the Bricklet shared-equity platform – an innovative startup venture that gives investors a slice of the property pie. The Sydney-based Bricklet, which was founded by Darren Younger in 2019, is an online marketplace that offers investors a fractional equity stake in properties. Read More: https://www.businessnewsaustralia.com/articles/amp-bank-teams-up-with-bricklet-to-help-property-buyers-overcome-the-deposit-barrier.html

 Home buyers are wondering: how high will interest rates go? Economist forecasts differ, but mortgage brokers are advising clients on a way to plan ahead. Look at the fixed rates banks now offer for a guide to how mortgage rates will likely track during that fixed-term period, say brokers. Once potential buyers consider the rising cost of mortgage repayments, some choose to reduce their expectations and borrow less rather than be saddled with a large debt. “Everyone asks, that’s for sure – everyone that’s taking on debt is keenly interested in what their repayments will be,” said 40Forty Finance director Will Unkles, who specialises in first home buyers. Read More: https://www.smh.com.au/property/news/the-insider-trick-for-home-buyers-trying-to-plan-for-higher-interest-rates-20221121-p5c00w.html

 First home buyers are experiencing little respite in the property market downturn, as falls in property values are offset by a jump in mortgage rates, new research shows. It would take a typical Australian first home buyer 10.9 years to save a deposit, as of the September quarter, barely lower than the 11.3 years required in the prior quarter, the latest ANZ CoreLogic Housing Affordability Report found. Time to save varied by city, and a Sydney first home buyer would need to save for 12.8 years, while Melbourne would need 10.6 years, Brisbane 10.1 years and Perth 7.7 years. Read More: https://www.smh.com.au/property/news/house-prices-are-plunging-but-some-buyers-are-left-in-the-cold-20221122-p5c0di.html