Workers will have extra cash in their pay packets from next week,but beware the siren song of “lifestyle creep”.
Cashed up downsizers and even families priced out of the housing market are driving up unit prices in these highly sought-after locations.
Despite higher interest rates,property prices are tipped to grow to new highs,but not all capitals will keep up.
The wellbeing factor of regional suburbs has been measured on indicators such as health,environment,jobs and income. But it comes at a price.
Experts say other interim measures,such as rent caps and slowing immigration,are needed to ease the pressure on renters until 1.2 million needed homes are built.
While building more homes is a part of the solution,experts say there are other measures that could bring property prices down.
Two key statistics indicate that Australia’s housing affordability crisis will continue to worsen,even as governments scramble to ease supply constraints.
Rental prices for units have skyrocketed since COVID-19 lockdown,and house rents have jumped too. Is any relief in sight?
Plans to move out of the city and buy a home in the regions come very close to stacking up - if workers can pull it off.
Potential home buyers are facing sky-high savings goals unimaginable even a decade ago,and looking for solutions to bridge the gap.
Amid a widespread rental crisis,a handful of neighbourhoods bucked the trend.