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Drawn from real market data and updated regularly.
What is the oldest age you should buy a home?
Buying a home later in life is increasingly common, and there’s technically no fixed “too old” age to purchase property. Australian law even prohibits age-based lending discrimination. In simple terms, you can legally take out a mortgage at any age if you meet the financial requirements. However, lenders will look closely at your situation if you’re older, especially if the loan would run past a typical retirement age (often considered around 65-75). So while there’s no hard cut-off, practical hurdles start to appear as you age.
When a Property Is Sold… What Happens to Your Lease?
Few things unsettle renters more than hearing “the property is being sold.” It’s a scenario that conjures images of forced moves and uncertainty. But take heart: in Australia, a sale does not mean you automatically have to move out. Your lease carries legal weight that doesn’t evaporate when the “For Sale” sign goes up. In fact, tenancy laws in every state provide protections so that tenants aren’t left high and dry when the landlord decides to sell. This post breaks down exactly what your rights are, and how to navigate the process with confidence and clarity.
What is a Rental Ledger?
Empowering yourself starts with understanding your rent payments. A rental ledger is essentially the financial diary of your tenancy – a detailed record of every rent payment made, when it was paid, and what period it covered. Reading it might feel like deciphering another language at first, but with a little guidance you can turn this document into a powerful tool. Not only can it help you catch mistakes or overcharges early, it also gives you confidence that you’re on top of your tenancy finances.
Who Pays for Utilities and Bills in a Rental Property?
In an Australian rental, the division of who pays which bills is generally straightforward, but it helps to know the details to avoid surprises. Utility bills like electricity, gas, and water usage are usually paid by the tenant, while the landlord covers council rates and certain other charges.
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