Property investors from Melbourne have been having a good look at Tasmania over recent months, but it’s also a boom in demand from locals that are pushing their median house price sky-high.
The property market in Australia is defying the naysayers and continues to kick early in 2022.
Higher than expected inflation figures have economists scrambling to adjust their forecasts of the next Reserve Bank interest rate rise.
A new study has found the suburbs of Tyabb, Belgrave and Tecoma are Melbourne’s best for property investors with over $100,000 for a deposit on a home worth up to $1 million.
As we head into 2022 the property market is again having to be adaptable as the country battles the Omicron strain of COVID-19.
The Pension Loan Scheme will be overhauled by the federal government to allow seniors to unlock the equity in their home under a new reverse mortgage model.
Property investors are muscling on the market as first home buyers increasingly find themselves struggling to be able to borrow enough for a purchase.
Property values are soaring in Melbourne, which now has a median house price of over $1 million, compared to around $770,000 five years ago.
The worm has turned in the Melbourne property market in favour of buyers as a surge in listings floods the market and puts downward pressure on prices.
There are growing fears for the increasing number of Australians who don’t own property they face a very uncertain retirement.
