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Elaborate graphics highlight the rental crisis inequities causing so much stress for Australians trying to put a roof over their head.
RENT
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The median rent at the NSW North Coast holiday hotspot Byron bay now sits at a record $1100 a week compared to Sydney’s $775.
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More Australian renters believe they will never own a home.
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Regional population growth points to increased house price pressure (Australian Property Investor Magazine)
The move to the regions is still unfolding but that exodus from the cities is slowing, with major implications for property prices in regional Australia.
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A young Aussie couple have been living in what is supposed to be a luxury apartment, but they claim all is not what it seems.
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Australian renters now need an annual income of $130,000 to comfortably rent an average unit.
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Intense competition for rental properties eased in February, new data shows, but experts view this as temporary, tipping tougher conditions for tenants ahead.
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Tenants would need a six-figure pay packet in all of Australia’s largest cities to rent a typical home without being in housing stress.
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The ATO announced it will step up a data-matching program to claw back up to $1.2 billion in missing revenue.
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Interest rates no deterrent to positively geared property investments (Australia Property Investor Magazine)
Despite higher interest rates, Australia abounds with locations where rental yields are well above average and capable of covering mortgage expenses.
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The cost of building new homes is again outpacing inflation and, despite a lift in residential building, a lack of unit development is keeping many Australians …
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Landlords who are doing the wrong thing have been put on notice as the ATO tracks down undeclared properties and income.
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Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
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Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
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