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Spending moves out

Australian households are spending less on furnishing their homes, in favour of food and recreation, new data shows. Figures released this week by the Australian Bureau of Statistics (ABS) show that household spending increased by 4.3% in January 2022 when…

New homes down

Sales of new homes continue to drop, according to a monthly survey of Australia’s largest builders. The latest figures show that new home sales fell by 7.0% in February, following an 8.3% decline in January. Despite that, sales in the…

Living artwork

What do you do if you are building your house in the middle of a forest and don’t want to cut down too many trees? Build around them, of course. At least, that’s what the owner of a home in…

Price growth highest ever

Australian homes returned the strongest annual growth in property prices on record during 2021, according to data released this week by the Australian Bureau of Statistics (ABS). The latest figures show that residential property prices rose 23.7% through the year…

Make the reno pay

Owners of older rental properties are being reminded of the significant tax deductions available from renovation work done. Analysis carried out by tax depreciation specialist BMT Tax Depreciation found that two thirds of second-hand properties have undergone some form of…

Refinancing soars

Australia’s borrowers took advantage of lower interest rates in 2021 to refinance their homes in record numbers, new research shows. Analysis released by PEXA Insights* this month found that 363,978 property refinances were recorded in 2021 nationwide, up 28% from…

Mozzies be gone

After so many months of La Niña weather, Australians are being warned that mosquitoes are causing havoc. Apart from ensuring your home has screens on windows, doors, vents and other entrances, there are other ways to keep the critters at…

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