Interest rates: fear many people will experience mortgage stress by Christmas

Borrowers of fixed-rate home loans maturing in the coming months could come under mortgage pressure by Christmas, experts warn. Finder analyzed data from the Australian Bureau of Statistics and found that $158 billion in fixed-rate mortgages maturing by the end of 2023 could increase repayments by an average of as much as $10,872 a year. … Read more

John Farnham’s son, Rival Fire muso Rob Farnham, sells mansion in Richmond

The son of musician and John Farnham, Rob Farnham, hopes his renovated Richmond mansion will strike a chord with buyers at a Saturday auction. The three-bedroom property at 10 Albert Place goes under the hammer with a Price guide from $1.6 million – $1.7 million. 42-year-old alternative rock band Rival Fire released their Far From … Read more

Anthony Albanese sells apartment in Canberra as Labor encourages boomers to unload homes

Anthony Albanese has made a tidy profit of $500,000 on the sale of his Canberra apartment as he prepares for life at the Lodge and is encouraging baby boomers to divest assets to help first-time homebuyers enter the market. With his money where his mouth is, the prime minister sold the property last month with … Read more

Investment insight – what does Manchester offer?…

Growing population One of the factors driving house price growth in Manchester is the increasing population and resulting increased demand for housing. Manchester’s population increased by about 60,000 (from 2,710,000 to 2,770,000) between 2018 and 2022. Residential construction is not developing at the same pace, mainly due to the delays caused … Read more

Sydney real estate: man owns two properties worth $40,000 in savings

The Woolworths employee, single and in his mid-thirties, thought he’d missed the opportunity to buy his own house. Then he had a light bulb moment. A Sydney man has managed to acquire two properties in a year and is well on his way to buying a third from just $40,000 in savings. Brendon Hillsley, of … Read more