TMFG's Budget Tips for new homeowners...
Your budget should be based off your take home income, from your base pay–if you receive overtime or allowances try not to include this.
Being a homeowner, you'll now have new bills to pay that you’ve never had before. So, in your homeowner budget be sure to consider; internet, gas, electricity, council rates, body corporate fees, building insurance, transport costs (tolls, petrol, car service, rego) and the big one in these hard times…. FOOD!!
Businesses have less than six months to claim tax breaks...
Portability; The Magic of Mobility!
Property market still growing despite high rates
A new report from CoreLogic has found that median property prices increased in 82.4% of local markets in the three months to October, based on a sample of 4,506 suburbs across Australia...
That included price increases in 83.1% of house markets and 80.6% of unit markets.
Focusing just on house markets, prices increased in:
• Perth - 99.7% of suburbs
• Adelaide - 99.0%
• Brisbane - 98.7%
• Sydney - 91.4%
• Melbourne - 80.8%
• Canberra - 71.1%
• Hobart - 59.1%
• Darwin - 59.1%
CoreLogic’s head of research, Eliza Owen, said many housing markets across the country were growing, despite high interest rates and weakening economic conditions.
“It’s often noted that Australia is not ‘one housing market’ and we’re currently seeing increased diversity in capital city market performance,” she said.
“That’s reflected in city-wide growth rates, the various levels of supply that’s available in some cities over others, and it’s reflected in the different suburbs we analyse in this report.”