Rural planning authorities largely operate according to the rationale that housing and service needs can more effectively be met in towns than in the countryside.
Overconfidence and other cognitive biases help to drive up real estate prices. Here are three techniques used by real estate agents to exploit those biases.
The pandemic has seen more and more full-time employees working fully remotely – and seeking out cheaper, warmer places in which to do so. Property price hikes show the impact on local communities.
Sydney’s Domain, Melbourne’s Dudley Flats and the banks of the River Torrens in Adelaide were just a few places where communities of people experiencing homelessness sprung up in the early 1930s.
As an ex-financial counsellor and former consumer credit educator for ASIC, here are the questions I’d encourage you to ask yourself to help you decide how much to spend on a home renovation.
To see just how far people were willing to go to win, we studied people’s behaviour in one of the most competitive bidding environments possible: a Dutch auction.
Buyers and renters are very rarely told the energy rating of housing, but don’t blame the agents. As it’s voluntary for existing homes, very few are rated, so it’s not a big factor in the market.
Voters who own housing are strongly invested in increasing the value of their wealth-generating assets. And they strongly favour the Coalition, which knows to protect their interests.
Platforms like Airbnb have been blamed for reducing the rental housing supply and pushing up rents. But investors seeking more security might now want to offer their properties to long-term renters.
Buyers pay more for a home they know has a good energy rating. That’s worth an extra 2.4-9.4% in the only part of Australia where energy ratings must be disclosed at the time of sale.
Sae Chi, The University of Western Australia and Linda Robson, The University of Western Australia
We have learnt to be wary of big data, but it can also be your friend: one platform combines and analyses data about housing, jobs and transport to reveal very useful information about living in Perth.