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Lately, people have been telling me they’re considering adding a small dwelling to their backyard… either to generate rental income or to give their grown-up kids a place to live. Despite rising construction costs and higher interest rates, relaxed planning laws are making these builds easier than they once were. But is adding a granny… Read more »
Rents are soaring across Australia, with increases now well above inflation. For many tenants, the cost-of-living crisis is crippling, especially as everyday essentials like groceries, electricity and petrol continue to climb. But here’s the good news: if you are paying ever-increasing rent, you don’t have to just cop it. There are practical steps you can… Read more »
There’s new momentum in the construction sector, but with it comes increased costs. You’re probably bored of me constantly saying property is all about demand and supply. If there’s strong demand to buy property but limited supply of houses on the market then values will go up. And vice versa. The reason behind last year’s… Read more »
I’ve talked a lot about Australian property prices but just how do they compare with overseas markets? I know every market is different but a comparison does bring some perspective. The below chart from the Organisation for Economic Co-operation and Development (OECD) shows that from an affordability perspective, Australian property is expensive. The OECD does… Read more »
