Australians buying a home hoping for a future profit have been warned against investing in outer suburbs as younger people prioritise lifestyle.
Property values last month soared at the fastest pace since October 1988 with price records set in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart.
Buyers are piling into the market with Reserve Bank interest rates at a record low of 0.1 per cent and the big banks offering fixed-mortgage rates of less than 2 per cent.
However Brett Warren, the Brisbane director of buyer s agent Metropole Property Strategists, said property was not guaranteed to keep appreciating, and buyers had a new set of investment rules they should follow.
Seven silver linings from Victoria s lockdowns: How chefs and restaurateurs made the pandemic work for them
Dani Valent
Photo: Eddie Jim
It was the year that pushed the state s restaurants, cafes, bars and pubs to the brink. But bright spots have emerged that may change dining forever.
A year ago, a few weeks into our national COVID-19 lockdown, Victorian hospitality operators were already hoping to use pandemic-enforced disruption as an opportunity to create permanent, positive adjustments to an industry that has been notoriously tough on bodies, minds and balance sheets. A year and a couple more lockdowns later, the state is open, eating and – in some pockets at least – thriving.
125 Migrants Apprehended in Two Groups in Arizona Desert near Border
125 Migrants Apprehended in Two Groups in Arizona Desert near Border
Yuma Sector Border Patrol agents apprehended two groups of migrants who illegally crossed the border from Mexico early Monday morning. The groups totaled 125 migrants.
Yuma Sector Chief Patrol Agent Chris Clem tweeted a photo of a large group of migrants apprehended in the desert early Monday morning. The group was made up of 74 illegal immigrants, the chief tweeted.
Six hours earlier, agents apprehended another group of 51 migrants, Clem stated.
On Friday, Chief Clem tweeted another post showing the apprehension of two more groups of migrants. One group of 58 migrants crossed the border illegally followed six hours later by another group of 78, the chief stated.