London first-time buyers: ‘I took on an extra job to save a deposit to buy my first home at 29’

London first-time buyers: ‘I took on an extra job to save a deposit to buy my first home at 29’

H Annah Evans had resigned herself to the fact that you can’t have everything you want in life. She had her dream job, as a fundraiser for the Royal Albert Hall, but she didn’t think that the earning potential of a career in the arts would ever stretch to buying a flat of her own. … Read more

RBA increases to interest rates mean home buyers who bought at the peak are facing rapidly rising mortgage repayments

While some Australians may rejoice at the idea of ​​a drop in house prices, interest rate rises mean home owners face the prospect of their asset dropping in value at the same time their mortgage repayments steadily increase. Key points: House prices in Australia are dropping at their fastest pace since the global financial crisis … Read more

Australian house prices fell at the ‘fastest rate’ since the 2008 financial crisis

House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are “likely to worsen” as interest rates continue to rise, according to property analytics firm CoreLogic. Key points: Economists predict Australian house prices could fall between 12 and 20 percent The median property value dropped 8.5pc … Read more

The cost of moving to Mauritius as an entrepreneur or retiree

Mauritius is rapidly expanding real estate investment opportunities for South African buyers as savvy developers sink capital into smaller designer builds that offer far more privacy than traditional resort properties without sacrificing beachfront living. And according to High Street Auctions managing director James Dall, the South African market appetite for these properties is in overdrive. … Read more

With fake photographs of fully-furnished homes, scammers target renters who are desperate to secure housing

As demand in the rental market continues to soar, Ashmitha De Silva and Amarani Silva were thrilled to be offered what seemed like a perfect family home in Adelaide’s northern suburbs. Key points: A family relocating to Adelaide recently lost $3,200 to a scam The advertised, ‘fully furnished home’ was actually a building site There … Read more

Goondiwindi has a tight rental market, but many believe it’s a good sign for the region

The air is clean, the grass is green and in the regional Queensland town of Goondiwindi, the rains have brought much more than replenished pastures. Key points: The rental vacancy rate in the Goondiwindi region is 0.1 per cent Rain and good seasonal conditions have attracted young professionals to the region It is a tough … Read more

Renters struggling to compete in the private rental market as prices rise in Melbourne’s south-east

Sarah Keating is on a race to find a rental property before her two-year-old son outgrows his cot. Key points: Rental prices in some of Melbourne’s outer south-eastern suburbs have experienced strong growth in the past year. A real estate agent says landlords are increasing rents over concerns about interest rate rises Advocates worry vulnerable … Read more

Sizzling sale of AMO Residence shows pent-up demand unaffected by rising mortgage rates: Analysts

SINGAPORE: A condominium project that sold nearly all its units on the first day of launch suggests that rising mortgage rates have not dampened pent-up demand for properties in Singapore, analysts said. Local home upgraders are still drawn to attractively priced private properties in good locations, they added. Others may be seeking a safe investment … Read more

IGB-REIT benefits from economy reopening

KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) is benefitting from the reopening of the economy as sales of clients improve and shoppers return, while its rental support is lower. The trust reported its net property income for the second quarter ended June 30 jumped 67.4% year-on-year (yoy) to RM105.7mil as total revenue soared by … Read more

Sustainable Business and Finance: Creating greener workspaces

Saathyesh Bhana. Photo / Supplied Saatyesh Bhana says Argosy Property started on its sustainability journey some time ago. The listed property company’s head of sustainability says Argosy began refurbishing buildings because it realized early on that it was more sustainable to refurbish an existing building than it was to demolish it and build a new … Read more