•   
  •   

Australia Where you should invest now to make money and get a house bargain

19:16  10 october  2020
19:16  10 october  2020 Source:   dailymail.co.uk

The definitive case for ending the filibuster

  The definitive case for ending the filibuster Every argument for the filibuster, considered and debunked.That decision? Whether the requirement for passing a bill through the Senate should be 60 votes or 51 votes. Whether, in other words, to eliminate the modern filibuster, and make governance possible again.

a sign in front of a house: MailOnline logo © Provided by Daily Mail MailOnline logo

Young Australians hoping to make money on property have plenty of choices in suburbs with prices well below what's typical.

More than 90 per cent of homes have sold at a profit in these areas of Australia's biggest cities, yet they still have median values that are affordable enough for middle-income earners.

The options include living by the water or in the bush within commuting distance of a major city centre - with a much lower price tag.

White House says 'upbeat' health updates are to lift Trump's spirits

  White House says 'upbeat' health updates are to lift Trump's spirits White House officials and members of Donald Trump's medical team indicated the positive reports about his health were being given to keep his spirits up as he battled COVID.White House officials and members of Donald Trump's medical team indicated on Sunday the positive reports about the president's health were being given to keep his spirits up as he battled COVID at Walter Reed Medical Center.

Property newcomers can also fit within a price threshold and qualify for the federal government's First Home Loan Deposit Scheme, where they only need a five per cent deposit to get a mortgage.

House hunters can also grab a bargain in suburbs neighbouring more expensive and gentrified postcodes.

a tree in front of a house: Those who can work from home or don't mind a long commute to the city, have plenty of choices in the Blue Mountains, 62km west of Sydney, where house prices are well below Sydney's $1million median. Houses at picturesque Faulconbridge have a median price of $585,167. Pictured is a 1920s cottage selling for $640,000 © Provided by Daily Mail Those who can work from home or don't mind a long commute to the city, have plenty of choices in the Blue Mountains, 62km west of Sydney, where house prices are well below Sydney's $1million median. Houses at picturesque Faulconbridge have a median price of $585,167. Pictured is a 1920s cottage selling for $640,000

Millennials have a hard time buying a house in Australia, with Sydney and Melbourne considered to be the world's third and fourth least affordable cities after Hong Kong and Vancouver.

How to fix America’s voter registration system so more people can vote

  How to fix America’s voter registration system so more people can vote Registering to vote is part of America’s two-step voting process. Does it have to be this way?The Arizona Coalition for Change, a Black-led nonprofit organization, revamped their voter registration efforts for the Covid-19 pandemic. They went digital, texting and phone banking instead.

Bargain suburbs where prices have risen

FAULCONBRIDGE, Blue Mountains: median price $585,167 where 95.9 per cent of homes have sold at a profit

BLACKTOWN, western Sydney: median price of $633,930 where 92.9 per cent of homes have sold at a profit

ALTONA MEADOWS, Melbourne's west: median price of $611,090 where 98.9 per cent of homes have sold at a profit

REDCLIFFE, Moreton Bay north of Brisbane: median price of $453,418 where 90.7 per cent of homes sold for a profit

Source: CoreLogic Pain and Gain report for the June quarter of 2020

Brisbane is the 17th most expensive city in the world for middle income earners in the Demographia list of pricey real estate.

Nonetheless, first-home buyers have more choice if they are willing to consider a house further away from the city centre.

Sydney, by far Australia's most expensive property market, has a median house price of $983,262 despite five consecutive months of decline, CoreLogic data showed.

171 countries are teaming up for a Covid-19 vaccine. But not the US.

  171 countries are teaming up for a Covid-19 vaccine. But not the US. Vaccine nationalism is real. But so is vaccine multilateralism.Today, there are 40 vaccine candidates for the coronavirus being studied in humans — including nine in the final phase of testing.

Those who can work from home or don't mind a long commute to the city, have plenty of choices in the Blue Mountains, 62km west of Sydney, where house prices are well below the $1million mark.

An impressive 95.9 per cent of properties sold for a profit in the June quarter of 2020, CoreLogic's Pain and Gain report found.

Houses at picturesque Faulconbridge have a median price of $585,167.

For a $640,000, it is possible to buy a 1920s cottage with a colourbond roof and a nice garden near the bush.

The western suburbs, a bit closer to the city, are also affordable.


Video: Queensland suburbs set for value boost (9News.com.au)

Blacktown's median house price stands at $633,630 and 92.9 per cent homes sold for a profit in this council area, 35km west of Sydney's city centre.

The First Home Loan Deposit Scheme is available for Sydney homes worth up to $700,000.

a large lawn in front of a house: The western suburbs, a bit closer to the city, is also affordable. Blacktown's median house price stands at $633,630 and 92.9 per cent homes sold for a profit in this council area, 35km west of Sydney's city centre. Pictured is a house selling for $650,000 © Provided by Daily Mail The western suburbs, a bit closer to the city, is also affordable. Blacktown's median house price stands at $633,630 and 92.9 per cent homes sold for a profit in this council area, 35km west of Sydney's city centre. Pictured is a house selling for $650,000

In Melbourne, 98.9 per cent of homes sold for a profit in the Hobsons Bay council area on the western side of Port Phillip Bay.

The Trump-related coronavirus cases we’ll never hear about

  The Trump-related coronavirus cases we’ll never hear about Trump’s carelessness with the coronavirus put countless others at risk.Helen Avalos was one of the housekeepers at Walter Reed medical center tasked with cleaning the president’s suite after he left the hospital on Monday. “Everyone who cleaned his suite was Hispanic, we’re the force of that hospital,” Avalos, who is from El Salvador, told me. “Trump hasn’t been a president who cares about people but instead is a president who cares about the well-being of his family and his wallet.

First Home Loan Deposit Scheme thresholds

SYDNEY: $700,000

MELBOURNE: $600,000

BRISBANE: $475,000

PERTH: $400,000

ADELAIDE: $400,000

HOBART: $400,000

CANBERRA: $500,000

Source: National Housing Finance and Investment Corporation

While suburbs like Williamstown and Altona have gentrified in recent decades, Altona Meadows is still affordable with a median price of $611,090.

This is only marginally more than the First Home Loan Deposit Scheme cut-off of $600,000 for Melbourne so it's worth shopping around.

Altona Meadows, a waterfront suburb 23km from the city centre, is much cheaper than Melbourne's mid-point price of $780,836.

Those wanting to be closer to the ocean have plenty of choices in the Mornington Peninsula, south-east of Melbourne, where 97.9 per cent of homes have sold for a profit.

Portsea and Sorrento are expensive but neighbouring Rye is relatively cheap with a median price of $658,118 for those who don't mind commuting 100km to the city.

In Brisbane, the Moreton Bay area in the city's north, saw 90.7 per cent of homes sell for a profit.

Redcliffe on the water, 41km from the city, has a median price of $453,418 - well below Brisbane's median price of $559,646 - itself a level within the First Home Loan Deposit Scheme's $600,000 cut-off for the Queensland capital.

Hi, my name is Angie. I’m an undercover reporter

  Hi, my name is Angie. I’m an undercover reporter How I went under cover to expose high-ranking Cypriot politicians willing to help a convicted criminal get a passport.A year ago, I was sitting down to a late lunch by the waters of the Mediterranean in Ayia Napa, on the southern coast of Cyprus. Conversation and drinks flowed freely, as the waiter served up morsels of fresh lobster. Between bites, I did a quick tech check. The overworked battery pack was burning against my bare skin, an oddly reassuring sensation that the undercover cameras were still recording. It was hour five of day three.

A three-bedroom house was even on the market for $399,000.

Strathpine, 25km north of the city, has a median price of $401,754.

Capital cities have suffered more as a result of the coronavirus shutdowns, by virtue of previously being more reliant on immigration to fuel capital growth.

a bench in front of a house: While suburbs like Williamstown and Altona have gentrified in recent decades, Altona Meadows is still affordable with a median price of $611,090. This waterfront suburb 23km from the city centre is much cheaper than Melbourne's mid-point price of $780,836.  Pictured is a house selling for $630,000 © Provided by Daily Mail While suburbs like Williamstown and Altona have gentrified in recent decades, Altona Meadows is still affordable with a median price of $611,090. This waterfront suburb 23km from the city centre is much cheaper than Melbourne's mid-point price of $780,836.  Pictured is a house selling for $630,000

'This reflects a broader trend of capital cities under performing relative to regional Australia amid the pandemic,' the CoreLogic report said.

The government this week announced an extension of the $500million First Home Loan Deposit Scheme.

Instead of stumping up for a 20 per cent deposit, a property newcomer only have to save for a five per cent deposit with taxpayers underwriting the rest.

Another 10,000 places were offered as of Tuesday, whereby recipients have until June 30 next year to build a new home or a newly-built one.

In 2020, the program has helped 20,000 first-home buyers but the first tranche was not restricted to new or newly-built homes.

a house with a fence in front of a building: In Brisbane, the Moreton Bay area in the city's north, saw 90.7 per cent of homes sell for a profit. Redcliffe on the water, 41km north of the city, has a median price of $453,418 - well below Brisbane's median price of $559,646. Pictured is a three-bedroom house that was on the market for $399,000 © Provided by Daily Mail In Brisbane, the Moreton Bay area in the city's north, saw 90.7 per cent of homes sell for a profit. Redcliffe on the water, 41km north of the city, has a median price of $453,418 - well below Brisbane's median price of $559,646. Pictured is a three-bedroom house that was on the market for $399,000 Read more

Sydney's sinking suburb: residents could be waiting MONTHS for repairs .
Distraught residents watching their properties crumble as the ground sinks could be waiting months for repairs as authorities squabble over who is to blame.   Jordan Springs East, a new development in Llandilo, near Penrith in Sydney's west, is in such crisis the local council slapped notices on 841 homes, worth $605 million, warning would-be buyers.The ground is allegedly built on insufficiently compacted landfill - causing it to sink by up to a foot in some areas in just the past few years - with unknown long-term effects.

usr: 2
This is interesting!