Owning your first home is a huge milestone for many young professionals. On average, the average age people in Australia buy their first home is at the age of 35 or 36 – that’s up from the mid-90s average of 33. So, if you’re in your twenties or early thirties and are capable of putting a
When buying a house in a suburb or a piece of land for sale, the first thing a lender would ask you is if you how much money you have in the bank? No financial institution would issue you a check for 100% of the cash you need. You’re expected to shoulder a portion of
Remote work is a concept that has become widely accepted today since the global pandemic happened. Both managers-employers and employees are doing what they can to navigate COVID-19 by engaging in flexible working arrangements for their companies to meet needs and make money. Almost all industries were affected and had to make the immediate transition
Going for a house hunt is almost like planning a wedding— both require the same keen to detail to ensure that you’ll be satisfied with your long-term commitment. Going to house hunting without knowing everything that you can about it can lead to a disaster in the future. So, where do you begin? Whether
For a long time, Americans have enjoyed living large. In a study conducted in 2005, the United States and Australia came out on top of a global survey of house sizes, with the median house size of a new detached home in the U.S. at 2407 square feet. The mean size of the other countries combined came
You will reach a point in your life where you have to move to a new home. Regardless of the reason, the process will be exhausting and overwhelming. Packing your household items and transporting them will take up most of your time. However, searching for your new property is priority number one. The process of
Although stay-at-home orders have loosened throughout the country, COVID-19 continues to affect the world. Several industries are still trying to recover and cope with the new normal, including the commercial real estate (CRE) industry. With an estimated value between $14 and $17 trillion, commercial real estate is a valuable asset class. There’s a growing interest
According to a recent study, about 15% of mortgage applications for a home purchase in the United States in 2018 were rejected. The main reason is not bad credit, although it ranks second. The most cause of mortgage application denial last year was debt-to-income (DTI) ratio. This statistic speaks volumes about the mindset of lenders
Real estate is relatively not only of the hard-hit industries by the coronavirus pandemic. But it doesn’t mean that South Australians are as active in buying and selling properties as they were before social distancing measures were put in place. During the “new normal,” listings have dried up. Demand has also dipped due to the
Because of the outbreak of the COVID-19 virus, the real estate market is experiencing significant adjustments. Amidst the crisis, more people are experiencing unemployment or job insecurity, contributing to the massive drop in the real estate market. However, despite the adjustments and dwindling buyers, many homes are still up for sale because, like the great
