Thinking of buying a house in Adelaide where the median price is $350k – $450k?
This is what you will find in this week's property report video along with:
According to Australian Property Monitors Melbourne might soon become a more expensive housing market then Sydney:
- In 2004 the median dwelling price represented 60%-70% of the median property price in Sydney
- That figure rose to 94% in the March quarter
Property report video
This week's video talks about Adelaide city center and a suburb near it Glenelg. Both have over 50 units listed with a median price of $350k-$450k.
Mark Swivel talks about community land trusts, the savings they can provide for first home buyers and when properties are likely to be available to purchase.
Tax tip of the week is about how the ATO treats buying vacant land with potential of building a house as the principle place of residence.