This week we read how couples are putting a foot on the property ladder ahead of having a baby, how beach and harbourside suburbs have the highest average taxable income and that exit fees may actually decrease home loan competition. Check out This Week’s Picks below.
Couples put a foot on the property ladder ahead of having a baby.
One in three people are pushing back their family plans as the cost of entering the property market rises. Approximately 35.3 per cent of the average Australian family income is being used to service the home loan.
Top Australian earners head for the seaside.
Beachside playgrounds and waterside suburbs such as Portsea in Victoria and Point Piper in NSW are home to the top earners in the country.
The irony of exit fees
John Symond says the ban on exit fees will lessen competition in the mortgage market, add to the cost of home loan and may even cause higher interest rates.
Renovations are a no go for renters
So you’re busting to make some renovations to your property, but you’re renting rather than paying off your own home. What are your options in Australia? The short answer is “not much”.
Big Australia v Small Australia
Debate continues around the notion of a “big Australia” versus a “small Australia”. “Small Australia” lobby argue that the migration intake should be immediately scaled back to 70,000 a year, “Big Australia” want to keep it at 180,000.
Categories : Aussie Articles, First Home Buyers, Investors, Movers, News
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