The property bubble: Everything you need to know

Apart from an occasional cyclical slowdown, Australian property prices have been steadily rising since the 1990s. And throughout their stratospheric rise, talk of a property bubble is never far behind – particularly after a year of the type of turbo-charged growth we’ve seen in the country’s capital cities. With bubble speculation still rife, home owners, investors and would-be home buyers are no doubt asking themselves: are we heading for a bust?   What is a bubble? A property ...
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Should first home buyers use drastic measures to scrape together a deposit?

Everyone agrees: buying a home in Australian capital cities is insanely expensive. With property prices on average four to five times higher than household incomes, saving a deposit for your first home is becoming harder than ever. No wonder young Australians are getting onto the property ladder later. Data from the Australian Bureau of Statistics shows that back in 1982, about 56 percent of 25- to 34-year-olds owned a home, but by 2011 this figure had fallen to 34 percent of that age group. ...
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How to finance a renovation

From a major renovation to new flooring or a lick of paint, most Australian homeowners will at some point put themselves through some form of home improvement. The cost, of course, will depend on the scale of the improvement. Whatever the budget, finding the money for a renovation isn’t always easy. Below we cover some of the most popular methods of financing a renovation. Use your home loan’s redraw facility Redrawing on your existing home loan is an easy option to gain quick access ...
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