Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h

home loan arrears

The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.

Source: Mortgage arrears at five-year high: Moody’s

 

Draft bill to allow Canberra building owners to bulk-buy power to sell to tenants

Property developers need to start thinking outside the box to differentiate their product from the competition! http://snip.ly/y76el

Canberrans living in apartment blocks could soon save on their power bills by bulk-buying electricity.

Source: Draft bill to allow Canberra building owners to bulk-buy power to sell to tenants

Home Truths – Four Corners – YouTube

The Affordable Housing Crisis Investigated By Four Corners

Affordable housing crisis in Australia is reaching biblical proportions. Many are warning of a bursting bubble..

 

Four Corners reports on the white hot issues of housing affordability and negative gearing and the generation left wondering if they will ever own their own home.

“We will start it at 1.1 million dollars ladies and gentlemen.”

A house with a million dollar price tag used to be confined to the super wealthy suburbs in Australia’s biggest cities. Today, properties with that sort of asking price are commonplace, even in the urban fringes, with little infrastructure and lengthy commute times.In Melbourne, the median house price is $700 thousand dollars, around 10 times the average wage. In Sydney, there are suburbs more expensive than Manhattan. It’s why the IMF declared Australia one of the most expensive countries in the world to buy property in. Via youtube.com

 

Investment Property Risks | Our perverse fascination with property – Mortgage Business

Investment Property Risks, There’s No Telling Some People

Investment property risks can be more than adequately managed. So why do so many people forget to manage investment property risks? A little bit of insurance, a long term lease to a good tenant and Bob’s your uncle.

Trouble is with investment property risks property investors get tunnel vision.

Opinion: Our perverse fascination with property – Mortgage Business

The bottom line is this: going into debt carries risks. Period.

Whether you’re racking up debt on a credit card or borrowing to buy a two-bedroom unit in Sydney, there are risks involved. What if you lose your job? What if the price of your property falls? What if you get sick and can’t service the mortgage? What if?

It’s too late to start asking these questions once you’ve taken out a loan. But there are things you can do to alleviate your fears, like taking out mortgage protection insurance and getting advice from someone who isn’t holding the title deeds. Via mortgagebusiness.com.au

The Top 3 Ways To Manage Investment Property Risk

energy bills

Energy Bills Will Determine If Your Investment Property Works Or Not l MaxiLife4U

Energy Bills Will Become A Key Factor In The Success Of Your Investment Property

Energy bills are set to become the key determinant of a successful investment property! That is right a tenant’s energy bills will have a big impact on your retirement.

Energy Australia is saying to expect increases in energy bills across the board next year of 19.6%

EnergyAustralia announces 19 per cent increase to electricity prices in NSW

EnergyAustralia has announced it will increase electricity prices in Sydney by 19.6 per cent – or $346 a year – from July 1…..

EnergyAustralia chief customer officer Kim Clarke described the hike as “bad news for families and business.”

“This is … absolutely not what they wanted to hear. In the past 12 months alone wholesale prices for both electricity and gas have surged, almost doubling in some states,” she said. Via smh.com.au

Put simply, as a landlord, you need to isolate your tenants from the shock of energy bills. If you don’t you put your whole retirement strategy at risk.

Luckily MaxiLife has the MAcH 10 long term lease product specifically designed to give you a minimum of ten years worry free investment performance.

support for Australia's housing bubble

Has The Australian Housing Bubble Burst? – Have A Look At Canada

Has the Australian Housing bubble burst? That is the $Trillion question.

Not if the Canadian housing bubble is any sort of benchmark.

The Canadian housing bubble is defying government attempts to burst it with an unbelievable resilience. So is it a housing bubble? Do we even have a housing bubble?

Canadian housing bubble house price growth

Talk of a housing bubble has been driven by a lack of affordable housing and price growth. That has happened mainly in the Sydney and Melbourne markets.

The Biggest Real Estate Bubble Of All Time Just Did The Impossible | Zero Hedge

One month ago, we said that “the Vancouver housing bubble Is back, and it’s (almost) bigger than ever.”

Fast forward to today, when we can scrap the almost part: according to the latest data from the Real Estate Board of Greater Vancouver, nearly a year after British Columbia implemented a 15% property tax targeting foreign buyers, in May the biggest real estate bubble of all time did the impossible and in a testament to the persistence of Chinese oligarchs, criminals, money launderers and pretty much anyone who is desperate to park their cash as far away as possible, after a modest drop following last summer’s tax the Vancouver housing bubble has bounced right back to new all time highs, as prices of detached, attached houses and apartment all surged to new record highs.

In other words, all that the 15% surtax achieved was to drastically slow down the rate of transactions (or perhaps home flipping). Meanwhile, as sellers held out to find more aggressive buyers, they were in luck as the new wave of buyers has emerged, and undeterred by the 15% premium, they have been slowly but surely lifting all available offers. Via zerohedge.com

what causes low housing affordability

What Causes Low Housing Affordability – The Real Issues

What Causes Low Housing Affordability? Low Wages is a Big One!

What causes low housing affordability? This is a question people have been asking since this current property boom began.

Perhaps it isn’t the right question.

Perhaps it is not “what causes low housing affordability?”  but “why can’t people afford houses?” Why do we have cops that couch surf?

Housing Affordability – The Real Issue and What Can Be Done About It. DF Partners, May 2017

Only 8% of Australians aged between 18 and 35 (the millennials) believe they will be financially better off than their parents (Deloitte Millennial Survey 2017). Housing affordability is top of mind for many Australians in this age group resulting from national house prices accelerating ahead of national income.

In this article Development Finance Partners’ (DFP) Senior Credit Executive Stephen Turner discusses the dynamics behind the issue and assesses the potential solutions.

Worst cities for affordable housing IN THE WORLD 1/4 are in Australia

Worst Cities for Affordable Housing Are In Australia

Sydney beaten only by Hong Kong as one of the worst cities for affordable housing in the world

I wonder how many police in Hong Kong sleep in their cars because they can’t afford a place to live? One of the worst cities for affordable housing, Sydney has that problem. Couch Surfing Cops.

worst cities for affordable housing