“If you’re new to bank, don’t have 120% debt cover and don’t have practical development experience then you’re  no chance.” Banks have clamped down on lending to residential property developers amid concerns about the surge in construction of high-rise apartments, many of which are being sold to foreign buyers. With the number of apartment towers being developed in Sydney and Melbourne at record highs, banks, developers and property […]

“Typical Australian families are no better off than they were five years ago.” If you think you are worse off despite a raft of economic statistics saying things are getting better, you’re probably right. The Household, Income and Labour Dynamics in Australia survey (known as HILDA) tracks the same 17,000 Australians each year to find […]

It’s a new financial year and time to organise your tax return.  It’s also time to find extra repayments on your home loan. Just like a New Year’s resolution, the end of any financial year is the perfect time for a personal money audit that helps you save thousands over the life of your home loan. Here are […]

Record high-rise apartment building in Sydney has yet to apply downward pressure on rents, with apartment rents jumping sharply in the June quarter. This is good news for property investors but it’s no relief for renters. The median weekly rent for an apartment is now $520 per week which is just $5 cheaper than houses, according to Domain […]

“I’ve never seen it like this in 20 years of business… It’s so bad.” Peter Kelaher from PK Property Group It’s tougher to buy a house in Sydney now than a year ago. New data shows there’s a third fewer properties for sale in some areas. Buyers house hunting in the northern beaches have it the toughest with […]