If you are a tenant feeling under pressure from high rental costs, it will be no surprise to learn that the asking price of rents have soared in many areas in the past year.
In a bit of good news, however, there was a slight slowdown in some areas of NSW in the three months to the end of June, according to data from Australian Property Monitors, a Fairfax Media-owned company.
In Sydney, where the rental market remains very tight rents are up 8.8 per cent to $650 for houses in the Botany Bay area, 8.4 per cent to $1000 a week in the Waverley area in the eastern suburbs, and 8.3 per cent to $650 in the Canada Bay area. However, by far the greatest increases occurred in country areas. Continue reading Country towns lead the way on rent increases→
With more and more first home buyers jumping straight into the investment property market, there’s a whole new world of landlord insurance that needs to be explored.
As Wizard chairman Mark Bouris says: “Young Australians in particular are choosing an alternative road to home ownership for a range of financial and lifestyle reasons. Research confirms that first home investors are a distinct group in the market and are here to stay.” Continue reading Landlords Insurance→
Imagine being able to use your rental history as evidence of genuine savings when trying to get a home loan…
Well, now you can.
Mortgage broker Loan Market has been lobbying the banks to allow people applying for a home loan to use rental payments as evidence of savings and it has been answered by one of the nation’s major lenders. Continue reading Rent to own: major bank says Yes→
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