Category Archives: Australia
Australia = Men from high-income families missing from rental market
Men from high-income families missing from rental market
- TIM MCINTYRE
- THE DAILY TELEGRAPH
- JUNE 01, 2013 11:44AM
Men from high-income families have gone missing from the Australian rental market, according to research t / File
MEN from high-income families have gone missing from the Australian rental market. Why? Because theyre still living with mum and dad.
Research from realestate.com.au has shown that a typical Australian tenant is likely to be female, aged between 35 and 49, earning more than $50,000 a year and looking for properties renting for more than $300 a week.
While the market in most states is currently favouring tenants, survey respondents from households with $100,000 plus income were the most likely to stay living at home. Less than 30 per cent looking to rent were male.
The survey also showed the average age for leaving home in Australia continues to increase, with just 17 per cent of those looking to rent aged less than 25.
Amy Sanderson, head of property investment management at LJ Hooker, believes getting out of home and into the rental market is worthwhile.
In areas with tighter rental markets, Ms Sanderson says first impressions are crucial.
“Despite popular belief, the highest earner won’t always get the property,” she said. “Landlords are after reliable tenants who will look after their property, so present yourself well and make sure your application is filled out correctly.”
Renting can have its romantic benefits also, with the research revealing 14 per cent had entered into a relationship with a housemate, and more than half of those were still involved in the relationship. A staggering 29 per cent who had entered into a relationship with a housemate had ended up getting married.
Marie Luke moved from the UK to Australia in 2010 and needed a housemate. Through a friend, she was introduced to fellow UK expat Tony Rehal, who had been living alone for six months and had a room to rent.
“We emailed back and forth a few times to make sure we were both OK to live with,” Ms Luke said. “The day we actually met, we found we had loads in common. There was a real spark between us and we actually got together on day one.”
Three years later, the couple are still living in the same Bondi property, are engaged and will be married on a beach in Thailand in December.
Understandably, Ms Luke recommends share housing to anyone looking to get into the rental market.
“I shared with other guys back at uni, but they were certainly not boyfriend material,” she laughed.
“It’s good to share house because you open your social circles to a lot of other people. Not only have I met my future husband, but also a lot of dear friends that were originally his.”
Related articles
- Rental shortfall triggers opportunity for homeowners (positivelygeared.wordpress.com)
Australia – The Economist is wrong…
The Economist is wrong to argue that Australia’s property market is overvalued: Michael Matusik
Thursday, 30 May 2013
Australia has moved from fifth to fourth most overvalued global property market but the overall risk of a housing bubble has subsided, according the very debatable The Economist magazine’s 2013 global housing index.
On a personal income housing affordability measure, Australia ranks fourthbehind France (34%), the Netherlands (33%) and Canada (32%) while on a rents measure, Australia ranks third behind Hong Kong (81%) and Singapore (57%).
The Economist calculates that Australian house prices are overvalued 24% (28%per cent last year) against average personal disposable income and 44% (38%per cent last year) against rents.
What a load of rubbish! Read here what we wrote about this stuff last time around.
I believe The Economist has an issue with…
Read more: http://www.propertyobserver.com.au/residential/the-economist-is-wrong-to-argue-that-australia-s-property-market-is-overvalued-michael-matusik-michaelmatusik/2013053061789
Related articles
- Australia is the Most Overvalued (yelnick.typepad.com)
Australia – More Indonesians Are Buying Property in Sydney
More Indonesians Are Buying Property in Sydney
Category Business, Corporate News
Tags: australia, property, Property developers
A growing number of Indonesians are purchasing property in Sydney, says an Australian-based property developer who is eying Rp 1 trillion ($101.9 million) in annual sales from Indonesian buyers.
“Indonesians have a lot of purchasing power. Many of them pay cash for an apartment priced at Rp 7 billion,” Michael Ginarto, Crown Group’s country director for Indonesia, said in Jakarta on Tuesday.
“Demand from Indonesia is strong, so we opened a branch office here. Crown sales records show that…
http://www.property-report.com/analysis-the-most-expensive-property-in-the-region-29269
Australian house price rises have moderated, but are still up there.
Australian house price rises have moderated, but are still up there.
Fears that Australian house prices are in bubble territory have receded as price rises have moderated since the global financial crisis. But The Economist magazine says Australian property is still among the most expensive in the world.
The Economist uses two ways for working out whether a property is overvalued or not. One is the ratio of disposable income per person to prices, a measure of affordability.
On this measure, Australian house prices are 24 per cent overvalued, the fourth-most overvalued of the 18 countries in the survey after France, the Netherlands and Canada.
Read more: http://www.smh.com.au/money/investing/expensive-on-a-world-scale-20130525-2n3so.html#ixzz2UStrxEZD
Related articles
- Housing prices rising, but not a boom (news.theage.com.au)
- Aust house prices rise in March quarter (bigpondnews.com)
- Home prices to rise with wages: economists (news.smh.com.au)
- Melbourne’s house price growth surges (rss.feedsportal.com)
Australian property sector sets sights on Asia
Asian investors have found themselves to be the new targets of theAustralian propertysector. With Chinese buyers increasingly snapping up prestigious Adelaide real estate, the industry has realised there is significant untapped potential in that part of the world.
Related articles
- Australian property market to turn corner after election (ausinvestorinsider.com)
- Australian city to experience increased property interest (emigrate2news.wordpress.com)
- Australian Property Trusts Overbought: Morgan Stanley (blogs.wsj.com)
Boom Town Asia 