Luke White’s Post

Exploring Affordable and Livable Suburbs for Home Buyers The landscape of affordable housing within Australia's major cities has changed dramatically over the past five years. According to the latest PRD Affordable and Liveable Property Guide, the proportion of affordable suburbs for house buyers has plummeted, prompting budget-conscious buyers to consider units or locations further from city centers. In Sydney, only 11.1% of houses within 20 kilometers of the CBD are now affordable, a sharp decline from 32.5% five years ago. Melbourne has seen a similar drop, from 61% to 24.4%. Brisbane and Hobart have also experienced declines, with affordable options decreasing from 51.7% to 27.6% and 43.8% to 18.9%, respectively. The report identifies suburbs that still offer potential for rejuvenation, focusing on neighborhoods with high rental yields, low vacancy rates, significant infrastructure projects, and favorable unemployment rates. In Sydney, Chester Hill, Granville, and Villawood stand out. Melbourne’s top picks include Albanvale, Ardeer, and Lalor. Brisbane highlights Strathpine, Griffin, and Alexandra Hills, while Hobart’s best options are Glenorchy, Risdon Vale, and Rokeby. These areas, typically one to two suburbs away from better-known neighborhoods, offer a promising blend of affordability and livability for savvy home buyers. #RealEstate #AffordableHousing #PropertyInvestment #HomeBuying #UrbanDevelopment

G'day #ArcaniteCommunity! Let’s talk about affordability—yes, it still exists (kind of)! While the housing crisis has made homeownership feel like a pipe dream for many Aussies, there are still suburbs across Australia where everyday buyers can find properties within reach, even on average incomes. A recent analysis highlighted 16 standout suburbs where affordability meets potential. These suburbs aren’t just affordable—they’re poised for growth in 2025, offering a chance to secure value in a challenging market. Sydney In Sydney’s notoriously expensive market, gems like Berkeley Vale, Springwood, and Bangor offer a rare blend of affordability and lifestyle appeal. Bangor’s median price may sit just over $1 million, but there are still two-bedroom townhouses priced below $900,000. Melbourne Known for its recent price corrections, Melbourne has great picks like Viewbank, Montrose, and Tecoma. These leafy suburbs offer detached family homes starting at around $750,000, with some nestled in idyllic locations near the Dandenong Ranges. Brisbane In Brisbane, Ferny Hills, Runcorn, and Bellbowrie stand out for their family-friendly vibes and affordability. Even on the Gold Coast, Pacific Pines continues to offer value, with median house prices still under $950,000. Adelaide Adelaide keeps things competitive with suburbs like Hawthorndene, Gulfview Heights, and Banksia Park, where median prices range from $700,000 to $900,000. These areas combine charm and accessibility, giving buyers great entry points. Perth Despite a property boom, Perth still holds promise in Hamersley, Maida Vale, and Kingsley, where the median house prices hover around the low $800,000s. These suburbs remain top picks for families seeking value and community. Keep your eyes peeled out there mates! #AffordableLiving #HousingCrisisSolutions #RealEstateAustralia #SuburbSpotlight #MarketTrends2025 #PropertyPotential #ArcaniteInsights

📍 Concord NSW 2137 - Market Analysis Concord has been a very steady picture of growth, both for the limited amount of apartments and family homes over the last decade, though rental yields have remained fairly low in recent times. 📈 What's most interesting about Concord is that as the population centre of Sydney shifts further west, Concord continues to become more and more desirable. There is a considerable amount of older housing in the area, though as the population ages, many families are opting to sell, making way for new homes, or developers to build duplexes. Given the zoning of nearby Rhodes, or Olympic Park (both of which are extremely densely populated in comparison), you can understand why people are opting to hold on to homes built on massive blocks of land. 📲 Concord can be a tricky area to navigate when buying property. We're happy to help and answer your questions. https://lnkd.in/gAAvThGM #Concord #BuyProperty #FamilyHome #InvestmentProperty #PropertyInsights #SuburbSnapshots

A new survey from Wahi reveals that 64% of Canadians prefer single-family homes, especially in suburban (38%) and urban (34%) areas, with three-bedroom homes being the most popular choice. Despite ongoing affordability challenges, many Canadians continue to aspire to homeownership, with around 20% indicating they may purchase a home in 2024. The survey also highlights regional differences in preferences. In more affordable provinces like Saskatchewan/Manitoba (82%) and Atlantic Canada (77%), the preference for single-family homes is stronger, with a majority in Atlantic Canada preferring rural living. In contrast, only 52% of respondents in high-cost regions like British Columbia prefer single-family homes, where urban condominiums are more attractive due to proximity to city amenities. Younger Canadians (18-34) show a strong preference for single-family homes (67%), particularly in urban areas, while older generations (55+) lean toward downsizing, with half choosing single-family dwellings. Additionally, most Canadians (64%) prefer renovated homes, especially older buyers seeking turnkey properties to avoid renovation hassles. Only a small fraction (2%) are interested in complete tear-downs.

📊𝗗𝘄𝗲𝗹𝗹𝗶𝗻𝗴 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹𝘀 𝗳𝗼𝗿 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟰 𝘀𝗵𝗼𝘄 𝗮 𝟮𝟰.𝟴% 𝗷𝘂𝗺𝗽 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗺𝗼𝗻𝘁𝗵 𝗽𝗿𝗶𝗼𝗿.📊 15,498 dwellings were approved in October across Australia - 🏘️9,191 houses and 🏢5,859 units. This leaves the country on track for ~160,000 dwellings approved for the year - a far cry from the 240,000 p.a. Housing Accord Target. 𝘞𝘦 𝘬𝘯𝘰𝘸 𝘵𝘩𝘢𝘵 𝘢𝘱𝘱𝘳𝘰𝘷𝘢𝘭𝘴 =/= 𝘤𝘰𝘮𝘮𝘦𝘯𝘤𝘦𝘮𝘦𝘯𝘵𝘴, 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘯𝘰𝘳𝘮𝘢𝘭 ~20% 𝘢𝘵𝘵𝘳𝘪𝘵𝘪𝘰𝘯 𝘳𝘢𝘵𝘦 𝘦𝘷𝘦𝘯 𝘩𝘪𝘨𝘩𝘦𝘳 𝘢𝘵 𝘵𝘩𝘦 𝘮𝘰𝘮𝘦𝘯𝘵 𝘥𝘶𝘦 𝘵𝘰 #feasibility 𝘱𝘳𝘰𝘣𝘭𝘦𝘮𝘴. Meanwhile, Victoria saw a 4.5% reduction in houses approved (2,659) and an 8.4% increase in units (2,154). This is 28,258 houses and 15,315 units YTD - lineball on whether we hit 50,000 total approvals for the year. And yet it still leads the pack in gross approvals (though not if adjusted for population growth). I expect commencements to tell a very different story. These figures remain well below the Victorian Government aspiration of 80,000 new homes built per year. Once attrition is accounted for, approvals from 2024 will deliver just 40,000 dwellings in future; literally 𝗵𝗮𝗹𝗳 of what is needed. I've updated my chart to include some more context on where this sits and the absurdity of the #housingstatement 800,000 target. The red line is the 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 total monthly approvals required - 8,000 per month or 96,000 per year - to get to the desired 80,000 per year built (green line) assuming a 20% drop off. The Housing Statement also calls for 70% of housing to be built in established areas - i.e. units. This translates to building 56,000 units per year or 4,666 per month across the state (dark blue). To get there you would need to hit 5,600 unit approvals per month (light blue), year on year for 10 years. The chasm between current approvals and targets remains stark - even when compared with historic peaks. And the strategies announced thus far will not bridge that gap, especially with the focus on high-density apartment projects. 🤔 The only thing on target 🎯is matters becoming way worse before they get better. Department of Transport and Planning Australian Bureau of Statistics UDIA Victoria UDIA National Housing Industry Association (HIA) Property Council of Australia #planningreform #housingreform #housingsupply #economics #housingtargets #housingaccord  #taxreform #familysizedapartments

Let us share with you the hidden gems of Sydney’s Upper North Shore.  Sitting down with clients and understanding their needs and requirements allows us to offer insights and advice on areas and locations that they may not have considered. East Roseville is one of the off-the-radar areas.  Low Turnover Rates: Roseville Chase stands out with remarkably low turnover rates, indicating tightly held properties with only 2% turnover in 2023. Desirable, Overlooked Suburb: Despite being lesser-known or overlooked, suburbs like Roseville Chase offer attractive features such as good neighbourhoods, proximity to amenities, and affordable pricing compared to nearby popular areas like Lindfield and Roseville. These suburbs present hidden gems for buyers seeking quality living environments. Long Hold Periods: Suburbs with low turnover, suggest that once families settle in these sought-after areas, they tend to stay long-term, contributing to housing market stability. We’d love to help you buy a property on the Upper North Shore, with a professional Buyers Agent at your side, we can make the possibility a reality. https://lnkd.in/gyscEPab #uppernorthshore #sydney #bradymarcsbuyersadvisory #buyersagent #realestate #roseville

Recent data shows a significant increase in rental rates across Saskatchewan, with a notable 18% rise this April. As demand for affordable housing rises, Mainstreet continues to invest responsibly in the region. Our goal is to provide quality homes, ensuring our growth is aligned with community needs and contributes positively to the regions we serve, including Alberta and Saskatchewan. https://lnkd.in/dgfyEwdi #HousingMarket #CommunityDevelopment #SustainableGrowth

📍 Concord NSW 2137 - Market Analysis Concord has been a very steady picture of growth, both for the limited amount of apartments and family homes over the last decade, though rental yields have remained fairly low in recent times. 📈 What's most interesting about Concord is that as the population centre of Sydney shifts further west, Concord continues to become more and more desirable. There is a considerable amount of older housing in the area, though as the population ages, many families are opting to sell, making way for new homes, or developers to build duplexes. Given the zoning of nearby Rhodes, or Olympic Park (both of which are extremely densely populated in comparison), you can understand why people are opting to hold on to homes built on massive blocks of land. 📲 Concord can be a tricky area to navigate when buying property. We're happy to help and answer your questions. https://lnkd.in/g25kiGwP #Concord #BuyProperty #FamilyHome #InvestmentProperty #PropertyInsights #SuburbSnapshots

ON THE PJ BLOG: Stamford’s Ageing Population Turning to Rentals: What it Means for Landlords. 52.8% increase in OAP’s privately renting... This data raises two crucial questions: How many of these older renters have been tenants their entire lives, and how many have transitioned from homeownership to renting in later years? Read more about the Rutland & Stamford property market in our latest blog:⁠ https://lnkd.in/e7bam7Ac ⁠ #sellinghomes #rutland #stamford #oakham #estateagent #propertyblog #propertymarketing #propertyprices #pelhamjames #uniquehomes #ukhouseprices #ukpropertymarket #uklandlords

5 Most Affordable Places to Live in Arizona in 2024 #4: Maricopa Median home price: $355,000 Average sale price per square foot: $193 Median household income: $55,236 Nearest major metro: Tempe (30 miles) Maricopa, AZ homes for sale Maricopa, AZ apartments for rent Only slightly more expensive than Tucson is the city of Maricopa, with a median home sale price of $355,000. Maricopa is located about 50 miles south of Phoenix. There are several top attractions you may want to check out in Maricopa, so make sure to check out one of the parks in town and visit the downtown area. #5: Casas Adobes Median home price: $374,900 Average sale price per square foot: $248 Median household income: $55,236 Nearest major metro: Tucson (7 miles) Casas Adobes, AZ homes for sale Casas Adobes, AZ apartments for rent Another great affordable city to consider moving to is Casas Adobes. With 70,900 people living in this affordable town, Casas Adobes is a great option to consider when looking to stay in Arizona without paying the premium for a home in a larger city. In Casas Adobes, you can hike Mount Kimball, visit the desert habitat at Tohono Chul Gardens, Galleries, and Bistro, and check out one of the parks in town. Tom Buron Loan Officer 480-213-1497 tom.buron@lhfs.com