We kept it aspirational this week, delivering the hot list of most expensive places to buy in Australia.
If that doesn’t get your tongues wagging, the home of Australian film royalty Baz Luhrman and Catherine Martin will. Those with a bit more imagination will see the development potential in the last vacant lot in Port Douglas. And we’ve got the latest investment tips to help you get there.
Here’s our top seven property stories of the week.
- Australia’s most expensive suburbs
Sydney’s most exclusive harbourside enclaves dominated our hot list of where it pays to get paid.
With a median house price of $9,400,000 – can you guess Australia’s most expensive suburb?
- Baz Luhrman lists landmark Darlinghurst home
Clue: It wasn’t Darlinghurst. Although Baz Luhrman’s recently listed home is certain to bump up the suburb’s median house price. The stunning Italianate manor was last listed in 2013 with an asking price of $13 million.
In the current climate it will likely go for a lot more.
- The rise of the ‘rentvestor’
Suburbs like Darlinghurst are out of price range for a solid proportion of the population, especially young people looking to break into the property market.
Baz Luhrman’s house
But the millennial generation aren’t giving up on the inner-city lifestyle. They want hip cafes, a buzzing nightlife and a foot in the property investment door. Using a tactical approach, they’re getting it too.
- Why gentrification matters for your next property purchase
The ‘renvestors’ want to move into established areas that are already gentrified. Another strategy is to choose areas showing potential of gentrification.
Sydney Road, Brunswick
But why do people want to move into gentrified areas? And what do the critics have to say about it?
- How to: Build the perfect property portfolio
Spoiler alert. The perfect property portfolio doesn’t exist. It all depends on your personal and financial situation, as well as your threshold for risk. A balanced portfolio is as close as you’re going to get to perfection, and our expert spills on how to get there.
- Prime piece of Port Douglas up for grabs
The last piece of commercial land in far-north Queensland’s Port Douglas is on the market. You may not need it for your property portfolio, but it certainly wouldn’t hurt.
- Is now the right time to fix your home loan?
A low interest rate environment can push cold-footed buyers over the edge. But before you put a deposit on that Port Douglas site, consider fixing your home loan.
It could help you pay off your mortgage sooner and get you one step closer to your next (tropically-located) property.
If you’re looking for other ways to get your step up the property ladder, check out our latest tips and guides from the blog.