Rents and property prices are rising strongly in much of Australia due to an undersupply of properties, leading some commentators to call for reforms that would stimulate the construction of a significant amount of new build-to-rent (BTR) housing. Generally, developers sell all the new housing they build, often during the construction period. But with BTR, … Read more
The Northern Territory leads the way for housing affordability, with 100% of locations deemed affordable, according to the PropTrack Housing Affordability Index. Next come Western Australia on 41%, Queensland on 23%, South Australia on 14% and the ACT on 10%. They’re followed by New South Wales on 10%, Victoria on 8% and Tasmania on 7%. … Read more
If you’re wondering how much money you need to earn to purchase property, new modelling has found the answer. The following calculations are based on the median house price and assuming the buyer has a 20% deposit. Buyers in Sydney would need a gross annual income of $192,400 per year to purchase a two-bedroom house, based on … Read more
