Looking to purchase a unit for $350k-$450k?
The new Housing Association CBA report shows:
- Affordability has dropped by 4% in the March quarter
- Nearly 29% lower then 12 months ago
According to the Australian Bureau of Statistics March housing data, Queensland first homebuyers now only represent 13% of the market which is the lowest level in 6 years.
If you are planning to buy or invest in properties in Sydney it's worth considering the unit markets in Ultimo and Cronulla. These have been recognised for having at least 50 property listings in $350k-$450k price range which is great news for investors.
This week's tax tip looks at what costs property owners may be eligible to claim if building or renovating an investment property.