Home Improvement News
When Luz Romero heard about a rental property for sale a few years ago, she jumped at the opportunity to become a landlord.
She and her husband renovated the Niagara Falls, Ont., semi-detached home and attempted to build a good relationship with the tenants they inherited, she said.
The home has two rental units — one on the main floor, where one couple lives, and a basement apartment, home to a single renter.
When the main-floor tenants were late on their $1400-a-month rent payments a few times last year, Romero said she was understanding and gave them extensions.
But since
Corelogic’s latest housing report revealed housing prices continued to rise in 2023 but five of the eight capitals are still recording home values below record highs.
In 2021, property prices soared by 24.5 per cent.
December saw the smallest increase in property prices, just 0.4 per cent, which CoreLogic’s research director Tim Lawless attributed to rising
If you’re living in a rental, it’s something you’re probably already painfully aware of.
Renters in every Australian capital city are in a worse position than they were before the pandemic, according to the latest Rental Affordability Index report.
Sydney remains the least affordable capital city in the country with a decline of 13 per cent in affordability, while Melbourne and Perth each recorded declines of 10 per cent.
The report, which compares incomes with median rents, shows that affordability in regional areas has continued to worsen.
“The main takeaway really is it’s now a national problem,” says Ellen Witte,
Revered for its stunning stretches of vast, sunny beaches and desirable lifestyle, the Gold Coast is an attractive real estate destination for investors and migrants.
However, the Gold Coast’s housing market, like the rest of the country’s, has seen a chronic shortage of new property stock.
Simply Gold Coast buyers agent, Tony Coughran, exclusively revealed
(Image credit: Fleur Kaan on Unsplash)
In a world where the property market is as unpredictable as the weather, UBS brings a forecast that’s worth paying attention to. The Swiss multinational investment bank has recently stated that Singapore’s housing market has left the overvalued territory, now classifying it as fairly valued.
This shift is significant, marking a moderation in home price growth and an anticipated fall in rents. But what does this mean for the average Singaporean, the eager property investor, or the everyday renter? Let’s dive into the implications and prepare for the changes ahead.
Rising costs, limited tax relief, and changing legislation – there are many reasons why landlords may consider selling a property in the coming months.
As part of our 2023 Landlord Report, a quarter (25 per cent) of landlords told us they were planning to sell a property before August 2024.
Another study by the Open Property Group found that a third of landlords are considering retiring or leaving the market due to issues with legislation and rising costs.
With the 2024 market landscape likely to remain similar to the previous
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UK house sales are set to fall as high mortgage rates deter buyers, while rental prices surge as tenants enter bidding wars for the few properties available to let, according to a leading property survey published on Thursday.
The monthly report by the Royal Institution of Chartered Surveyors paints a contrasting picture of a slower sales market, with both buyers and sellers waiting for the economic outlook to settle, and a frenetic rental market where rising costs and regulation are
Key takeaways
Australia is in an unprecedented rental crisis and there is no end in sight.
Rentals are growing at double digit rates and vacancy rates are at historic lows.
However some markets are strongly outperforming others as the tables below show
We’re suffering an unprecedented rental crisis with no end in sight.
Capital city rental markets have continued to report higher rents and fewer vacancies generally over December, ending 2023 with more bad news for tenants.
Adelaide was the top monthly performer with weekly house rent increasing sharply by 4.3%, followed by Perth and Melbourne each up 3.5%, Hobart