Tag Archive: first home buyer

Rent all that’s left of shredded dream

Posted on October 14, 2013 by | 0 Comments
It’s a worldwide phenomenon called ”Generation Rent” – and it has landed in Australia. While the term is used internationally to describe the wave of people in their 20s and 30s who will never be able to afford to own homes, a report has found that permanent renting is becoming a way of life for Australians of all ages. Families, older people and young people are all increasingly being locked out of home ownership, says...

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Demand for home loans falls in August

Posted on October 14, 2013 by | 0 Comments
INVESTORS continued to elbow first-home buyers out of the property market in August, with the share of first time buyers taking out new home loans falling to its lowest level in almost 10 years. The number of housing loans fell almost 4 per cent to 49,900 from July to August, ending six straight months of rises, while the share of first-home buyers shrank from 14.7 per cent to 13.7 per, the lowest level since April...

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Gen Y is the most upbeat about property prices, and first-home buyers are ready for a comeback

Posted on September 26, 2013 by | 0 Comments
QUEENSLANDERS are more positive about housing affordability than anywhere else in Australia, with Generation Y the most upbeat of all when it comes to property prices, according to new research. The annual realestate.com.au Housing Affordability Sentiment Index (HASI), which tracks the sentiments of Australians towards the cost of housing, reveals that all states and generations have a brighter outlook on property prices in general than 12 months ago. This is despite statistics based on the...

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Real estate industry only has itself to blame for holding back first-home buyers

Posted on September 18, 2013 by | 0 Comments
What will it take for the real estate industry to be satisfied? It’s doubtful there’s been a time in the past 10 years when the industry has had it this good. Interest rates at historic lows, sales volumes rising, housing finance increasing month by month, building approvals trending strongly upwards, grants and stamp duty concessions to people building new homes, affordability the best it’s been since 2003 and confidence rising – it’s an almost perfect...

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Conveyancing Consumer Alert: Art Deco Disappointment

Posted on June 20, 2011 by | 0 Comments
OPINIONby Tim O’Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   This story does not end, as many do, in a court case.  But it begins, as many do, with a property advertised for sale: “Charmingly preserved Art Deco features abound in this ground floor cavity brick apartment.  Ornate plaster ceilings and cornices, wide skirting boards and architraves, polished timber floors all lovingly presented.Two bedrooms – one with access to the study, a large, light, eat-in kitchen and,...

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