Posts

Showing posts from January, 2023

What To Consider Before Signing An Apartment Lease?

Image
 Hello friends, Planning a house move is challenging and when you are renting an apartment there are many things you must consider the kind of rental agreement you want. Lease agreements can be for fixed or periodic tenancies. Additionally, they outline the duration and the complete terms and conditions of the tenancy. Therefore, before you sign an apartment lease agreement and regret certain decisions, look at this guide to know what to consider. Signing a lease agreement is a serious commitment and you must make it after discussing your requirements with the rental provider and understanding their requirements as well. So, read the article now. https://www.betterremovalistsadelaide.com.au/what-to-consider-before-signing-an-apartment-lease/

The suburbs where the pandemic sparked a population boom

Image
 Record-low interest rates led to a population boom in first home buyer strongholds, as people moved out of shared housing and into affordable neighbourhoods during the COVID-19 pandemic. The pandemic was also a shot in the arm for sea and tree change areas, whose populations increased by thousands over the three years between December 2019 and December 2022, a KPMG analysis has shown. The Wyndham region in Melbourne’s west, which includes the popular first-time buyer suburbs of Werribee and Hoppers Crossing, topped the list for population growth by region, after 34,500 moved there over three years. It was closely followed by Blacktown-North, a statistical region of Western Sydney, where 30,100 more people relocated. Read More: https://www.smh.com.au/property/news/the-suburbs-where-the-pandemic-sparked-a-population-boom-20230118-p5cdgx.html

Property prices falling in over half of suburbs nationwide as the downturn deepens

Image
 Prices in one in two Australian house and unit suburb markets fell last year as rapidly rising interest rates slashed buyer borrowing power and demand. Median values dropped in more than 2400 house and unit markets nationally in 2022, new CoreLogic figures show, with the downturn spreading to 51.7 per cent of analysed suburbs. Declines were far more widespread in Sydney and Melbourne, where house values fell in 98.7 per cent and 97.8 per cent of suburbs respectively over the year, CoreLogic’s Mapping the Market Report shows. Unit values dropped in more than 95 per cent of Sydney suburbs, and about 84 per cent of Melbourne suburbs. Declines in median house values were also widespread in Canberra and Hobart, dropping in about 87 per cent and 80 per cent of suburbs, respectively, but unit falls were far more subdued. Read More: https://www.smh.com.au/property/news/property-prices-falling-in-over-half-of-suburbs-nationwide-as-the-downturn-deepens-20230118-p5cdg8.html

Australia's rental market will only get tighter in 2023. Could more property investors be the answer?

Image
 Renting in a capital city in 2023 is set to become harder as increasing demand and insufficient supply continue to drive up prices, experts predict. Brendan James has felt the consequences of the tightening rental market firsthand. The 32-year-old musician was told his rent would go up by more than 22 per cent at the end of his lease agreement.  Come April, Brendan's two-bedroom unit in Kedron, on Brisbane's north side, will go from $440 to $540 a week. He said he was told the increase would bring the property in line with similar apartments in the building. Read More: https://www.abc.net.au/news/2023-01-19/australias-rental-market-to-tighten-in-2023-2024/101860220