The 20 unlikely suburbs where house prices are set to go through the roof have been revealed, and the booming areas are far from Australia's capital cities. The cost of property in some regional locations will increase by more than 20 per cent over the next few years, according to the Selection Residential Property forecast service. Areas with a strong holiday market are set to boom, including East Ballina in northern New South Wales, which is expected to see a 28 per cent increase in its median house price. SRP Director of Research Jeremy Sheppard said East Ballina - whose median house price is already $704,000 - benefits from its location just south of Byron Bay. Mr Sheppard said the town's coastal locale and proximity to the Gold Coast will also help raise prices. East Ballina (picutred) in northern New South Wales is expected to see a 28 per cent increase in its median house price, according to Selection Residential Property's Jeremy Sheppard Bilambil Heights (pictured) in … [Read more...] about REVEALED: The unlikely 20 areas where house prices are set to boom – and you can forget Sydney and Melbourne
London house prices forecast
November 20, 2019 - 12:07 GMT Chloe Best Holly Willoughby's house has been filled with high street homeware pieces including Emma Bridgewater designs, Diptyque candles and a KitchenAid stand mixer Holly Willoughby has confessed to being a big fan of interior design, previously telling HELLO! that she even uses Pinterest to design imaginary rooms she doesn't have. So it's little surprise that the This Morning presenter's family home in London is impeccably styled, with an amazing kitchen, marble-effect bathroom and parquet flooring that looks like all of our Pinterest dreams bought to life.The good news is, you don't need to spend a fortune to recreate Holly's interiors style. Although she has splashed out on some investment pieces for her house, many of her other home accessories can be found on the high street, for as little as £15. See some of her top buys below… Emma Bridgewater kitchenware Holly loves Emma Bridgewater designs, and … [Read more...] about Discover Holly Willoughby’s favourite high street homeware buys from her London house
Q My little family are looking to buy a house in London after many years of renting and scrupulous saving. The good news is that we have accumulated about £100,000 in savings, but the bad news is that the London property market is unfathomably expensive. We have a daughter under a year old, and hope to have another child in the next few years, so are looking for a two- to three-bedroom house somewhere that’s near our friends, who are mostly in zone two in south London – from Herne Hill to Brixton to New Cross, Peckham and Brockley. Unfortunately, a simple two-bedroom terraced house (in, say, Brockley or even Lewisham) is priced at more than £550,000. And despite having a relatively decent income and a large deposit, it’s still unreachable for us. My wife is a full-time mother and doesn’t have an income. I work full-time and earn £84,000 a year. I wondered if you could offer us advice on whether the government’s help to buy London scheme … [Read more...] about Should we use the London help-to-buy scheme to purchase a home?
The first production run from a vast new factory outside Leeds began this week – with timber delivered at one end, and just a week later a fully furnished one-bed flat popping out the other. Legal & General Homes is promising to build thousands of flats and houses a year at the revolutionary, and highly secretive, factory, and delivered around the country on the back of trucks. Is this the solution to the housing crisis – or a new age of soulless prefabs for rabbit hutch Britain? In Richmond, south-west London, the future opened its doors on Wednesday, with the first of hundreds of housing units to be built by L&G, driven down the A1 and placed on site in just a couple of hours. The housing association that has ordered the homes, RHP, buys them off-the-peg for at least 15% below the standard cost for onsite construction. It is an extraordinary move by L&G, better known as a car and home insurer, which if successful will catapault it into the top league of … [Read more...] about Prefab sprout: off-the-peg homes bid to ease UK housing crisis
MORE: Burger man selling Noosa mansion Sorry mum and dad, my furbaby comes first The Block winners are now actually millionaires CBA Household Spending Intentions. Released Nov. 19, 2019. Source: CBASource:Supplied The latest Commonwealth Bank of Australia Household Spending Intentions (HSI) out today found the housing market was “the one area where monetary policy stimulus is clearly working” but it’s new housing that the RBA seems to be most concerned about now. The CBA HSI found “home buying intentions rose further in October and are now close to the record highs seen in H1 2017. CBA Home Buying HSI levels are consistent with an ongoing pick up in dwelling prices.” How much do I need to retire? How much do I need to retire? CBA chief economist Michael Blythe said housing lending was “turning up”. “Lending over the four months to September grew at an annualised pace of 52 per cent! And that certainly looks fast … [Read more...] about Massive 52 per cent rise in home lending as housing surges ahead
England needs solutions to fix its broken housing market. But this government is not providing them. Theresa May’s government has produced a white paper that reads like a stinging indictment of the way we have gone about providing homes in recent decades. Such is the crisis that cabinet ministers call for ambitious, radical reforms to “turn things around”. The trouble is, there aren’t any in the white paper. The madness of a housing market and the obsession of the middle classes with the value of their homes have long destabilised the economy, as buyers over-committed themselves to mortgage debt and drove house prices to ever higher levels. The excessive focus on owning a home, egged on by siren calls of a property-owning democracy, came at the cost of thoughtful solutions in other forms of tenure – be they offered by council, social or private landlords. The result is a yawning inequality – one created by political choice – which has got worse … [Read more...] about The Guardian view on the housing white paper: it won’t fix a broken market