Pam Walkley

4 weeks ago | moneymag.com.au | Ryan Johnson |Pam Walkley |Tom Watson

Factory-built homes avoid the delays, high costs and frustrations of on-site construction, so what is the catch? Australia's housing woes may go down as the crisis the nation couldn't build its way out of - unless something changes fast. It's been two years since government and industry came together to launch the National Housing Accord, initially targeting one million new homes between July 2024 and July 2029 - an increase from about 934,000 approvals in the previous five years.

1 month ago | moneymag.com.au | Ravi Sharma |Pam Walkley |Georgia Madden

You've been saving up for a deposit and it feels like you're nowhere near getting into the property market. You're thinking, 'I've got to wait another year or two to save enough!' But here's the thing: another way to get into the property market today that doesn't involve waiting is possible. It's through taking advantage of what's called a guarantor home loan. Let's say you're looking at a $500,000 property. With a 10% deposit, you'll need $50,000.

2 months ago | moneymag.com.au | Pam Walkley |Paul Clitheroe |Tom Watson |Vanessa Walker

Should I buy a house or an apartment? This is a question that virtually all home buyers and investors face at some stage. The big plus of an apartment is that it usually comes with a far lower price tag, meaning it's less likely you'll be saddled with an astronomical mortgage. Indeed, the disparity between apartments (also called units in Australia) and house prices has widened in the wake of the COVID-19 pandemic.

Jan 17, 2024 | moneymag.com.au | Pam Walkley |Nicola Field |Helen Baker

Building a granny flat or studio (self-contained accommodation) in your backyard could well boost your income and help solve our housing crisis at the same time. We have the capacity to build more than 655,000 granny flats across Australia's three largest capitals, according to a recent report on the greatest opportunities for development.

Nov 6, 2023 | moneymag.com.au | Tom Watson |Pam Walkley

Home owners with a mortgage will be bracing themselves for higher repayments following the RBA's move to increase rates by 25 basis points. It may be Melbourne Cup Day, but it's fair to say that the attention of many households will have been on rates instead of racing this afternoon. Homeowners with a mortgage won't have got the result they were hoping for though.