Americans Tap Their Homes To Boost Wealth
Investing As US prices rise, home equity helps boost owner portfolios. The US housing boom is creating a new class of real estate tycoons with an easy source of financing: their own homes.
Investing As US prices rise, home equity helps boost owner portfolios. The US housing boom is creating a new class of real estate tycoons with an easy source of financing: their own homes.
Residential rents rising as fast as property prices are attracting investors seeking higher yields, a hedge against inflation and generous depreciation and tax breaks. House rents in some of Australia’s capital cities have risen between 15 and 20 per cent.
House prices in some suburbs on Sydney’s northern beaches and the Gold Coast have doubled every three to four years in the past decade, fuelled by low levels of stock and a growing number of affluent buyers.
There are numerous opportunities for astute investors and consumers to take advantage of. Aleks Vickovich and our expert writers break it down.
Surging demand and dwindling rental supply have fuelled a jump of more than 22 per cent in median rents in some inner-city Melbourne suburbs in the past 12 months, and more increases are expected as vacancy rates tighten.
An earlier and potentially bigger interest rate rise could trigger a sharper initial fall in house prices if higher mortgage repayments and lower borrowing capacity spook buyers.
Fraudsters are setting up 250 fake self-managed superannuation funds each year, a number that is rising quickly, in order to steal the retirement savings of unsuspecting mum and dad investors.
The lower end of the housing market has vastly outperformed the top and middle segments over the past 30 years, as suburbs gentrified and incomes improved over time.