Steven Cross’ news article on rebonline.com.au discusses the rate of Australians that hold onto their homes in the last ten years. The statistics show that the percentage of Australians not selling their house has increased due to several reasons.
One reason is that the cost of living in Australia has gone up so not many could really afford to buy a house every ten years. Another reason is that moving can also be very expensive. The third reason is that DIY projects have become really popular. Because of this, people have found out that renovating is a lot cheaper than moving.
Read the full article here.
Society is changing and houses have become really pricey. Together, these facts have helped reverse the long-term Australian mindset of living alone. Matt Wade for The Sydney Morning Herald writes that the number of people living alone in Sydney had escalated in a big way between 2006 and 2011 but it has come down remarkably ever since. Except for the age group 55-74, the trend is ever so manifest all across Sydney.
If you only work hard on your job, you’ll never get rich – that’s a fact! Michael Yardney, director of Metropole Property Strategists, discusses the importance of capital gains, how it can make you rich, and how to minimise risks. The US Internal Revenue Services reported that of the hundreds of big earners in America, 45.8% got their wealth from capital gains.
In a survey undertaken a fortnight ago, 645 respondents gave their vote of confidence to different professions. The results once more reaffirmed our belief that the car salesmen are the most untrusted profession around, says Gareth Hutchens for the Sydney Morning Herald. While only 4 percent of respondents trusted car salesmen, the figure was 12 percent for the real estate agents, putting them at the 28th spot, just one ahead of advertising agencies.
Sydney and Melbourne both threw up very high success rates for the weekend auction clearance. While Sydney’s rate stood at 78.1%, Melbourne held itself in good stead with a figure of 71%. Jonathan Chancellor for the Property Observer writes that the Prestige Market has picked up considerable momentum when compared to the same time last year. Sydney’s auction clearance rate was rallying somewhere near the 60 % mark while Melbourne cut a sorry figure of 57% same time last year.
