Aussie Investor

An interesting statistic from The Age: Only 31% of dwellings in the city are owner-occupied (the rest are investor-owned rentals). This compares with 76% owner-occupied in the rest of metropolitan Melbourne. And 82% of city dwellings are residential apartments (that’s right, the ones I don’t recommend you buy right now
They project […]

Home value falls trap buyers, reports Saturday’s Australian. So has the house market slump finally led to the bursting of the bubble? No, ‘Prices in parts of western Sydney as well as the inner Sydney and Melbourne apartment markets have fallen well below their mortgage costs.’ This isn’t surprising since: (a) there […]