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Renter demographic changes; pay off your home loan faster

In the news this week, renter demographic shifts; new home sales rise; and we look at ways to pay off your home loan faster

Investors warned against lure of buying off-the-plan property

So here we are.  Interest rates are at record lows and we have an oversupply of off-the-plan developments in key capital cities such as Sydney, Melbourne and Brisbane.  It’s a combination fraught for danger for overly ambitious and inexperienced property investors. 

New homes sales slow

Sales of new homes lifted in March but were generally slow over the first months of 2024, new research shows.

The latest edition of HIA’s monthly New Home Sales report shows that despite rising 4.9 per cent between February and March, sales remained flat in the first three months of 2024.

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Renter demographic shifts

Buyers and renters found housing affordability a little harder through the first months of 2024, according to a new report released this week.

The ANZ CoreLogic Housing Affordability Report* has also revealed that the demographic of private renters is shifting.

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Pay off your home loan faster

Australians love the idea of owning their home, but having to deal with a hefty mortgage for the next 20-30 years can be daunting.

It’s easy to forget, however, that the quicker the loan is paid off, the less there will be to pay. By speeding up the payment process, you can save yourself thousands of dollars in interest and months of repayments: here are some strategies...

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Curtains or blinds?

With this winter shaping up to be a cold one, now might be a good time to assess how effectively the window coverings in your home are working.

Do they act as insulators against weather and noise, or do they just look pretty? Which option is best for you - blinds or curtains?

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Pull up a stump

Want some colourful, unbreakable seating for the kids’ rooms or around the pool? Take a look at the Stump Recycled Stool by Australian design brand Derlot.

The stools are made of 80 per cent post-industrial plastic, which accounts for their kaleidoscopic colours and unique patterning. Handy and good for the environment.

He cooked up a home

Who doesn’t dream of making it big and buying a home outright? A truck driver in India has achieved it, by doing what he loves – cooking.

Rajesh Rawani started a YouTube cooking channel in 2021, filming himself cooking meals in his mobile kitchen, along with footage of his journeys. He now has over 1.47 million subscribers on his YouTube channel (RRajeshVlogs) and millions of views for his videos on Instagram – the proceeds of which have meant he could fulfill a lifelong dream of buying a home for his family.