Big catch for buyers hoping for bargain
Sydney’s shift to a buyer’s market has given home seekers plenty of new opportunities to get a lower price on properties — but the homes they can get for less usually require major repairs.
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Australia’s worst place to own a home
Homes once sold for over $1.2 million are now being listed for an average of just $395,000 in what home sales figures reveal was Australia’s worst place to own a property over the past five years.
Richest landlords make biggest gearing claims
Landlords in some of Sydney’s most expensive suburbs have been reaping the biggest benefits from negative gearing, according to new ATO data which reveals the size of claims by each postcode.
Most Aussies take major gamble with home
The majority of home seekers say they don’t know enough about key parts of the real estate buying process, despite plans to spend their life savings on a property, new research shows.
Families can rent homes for $1 a week
Private homes with up to five bedrooms have become available for rent at the rock bottom price of just $1 a week for families with children and a keen sense of adventure.
Pitt and Aniston reno listed for $78m
They had spent three years restoring it when they were married and now Brad Pitt and Jennifer Aniston’s former home is up for sale, offering the chance to live next door to an Aussie billionaire.
Buyers scared to go to auctions
Increased home discounting has meant more people are starting to search for their next property, but some buyers remain so fearful of auctions they are spoiling their chances of getting a bargain.
Negative gearing claims hit record high
A record number of landlords are now claiming losses on their properties to qualify for negative gearing tax concessions — some of which are questionable deductions, ATO research shows.
Downside to having more bidders at auction
Attracting more registered bidders to an auction is usually viewed as a great thing for sellers, but many homeowners would be better off thinning the competition for their properties.
Renters with shares better off than homebuyers
Those who rented their homes and purchased shares instead of pouring their savings into a property made more capital gains in the majority of NSW suburbs, a new study shows.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/157