How much of your income you really need to pay off a mortgage in Australia

Housing affordability is at the best level in a decade as a result of the coronavirus recession.

An Australian dual-income couple earning $1,305 a week after tax needed to dedicate 23 per cent of their monthly income to pay off a mortgage in September, down from 25.1 per cent a year earlier, an analysis by ratings agency Moody’s showed.

This was also well below the decade-average level of 26.4 per cent, covering the aftermath of the Global Financial Crisis to now.

Housing affordability (Adelaide house pictured) is at the best level in a decade as a result of the coronavirus recession. In September, an Australian dual-income couple earning $1,305 a week after tax needed to dedicate 23 per cent of their monthly income to pay off a mortgage, down from 25.1 per cent a year earlier, an analysis by ratings agency Moody’s showed

Buying a house or an apartment has

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Blackstone Real Estate Income Trust to Acquire Simply Self Storage for Approximately $1.2 Billion

Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced that BREIT has entered into a definitive agreement to acquire Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion. Simply Self Storage is one of the top five private owners of self-storage and operates a high-quality portfolio totaling eight million square feet across the U.S. BREIT currently owns a $300 million portfolio of self-storage facilities, and following this acquisition, BREIT will be the third largest non-listed owner of storage in the U.S.1

Frank Cohen, Chairman and CEO of BREIT, said, “This transaction is a complementary addition to BREIT’s high-quality portfolio of income-generating real estate, which is heavily weighted towards logistics and multifamily primarily in growth markets. Simply Self Storage is a best-in-class company with significant potential for growth through future acquisitions in a highly fragmented sector, and similar to logistics, self-storage is a resilient

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Watsco EPS Jumps 25% Setting New Records for Sales, Operating Profit, Net Income and Operating …

Strong Residential Demand and Gains in Operating Efficiency Drive
120 Basis-Point Operating Margin Expansion;
Nine-Month Operating Cash Flow Increases 89% to a Record $373 Million

MIAMI, Oct. 22, 2020 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) reported record operating results, setting new records for sales, operating income, net income and earnings per share (EPS) during the third quarter and nine-month periods ended September 30, 2020. The Company generated record operating cash flow of $373 million through September 30, 2020, an 89% increase over the same period in 2019.

Watsco’s entrepreneurial culture, which empowers leaders to think and act locally, has proven critically important in response to current business conditions. Technology investments designed to revolutionize Watsco’s customer experience have also proven critical during a challenging operating environment. Notably, adoption of mobile apps and customer-facing platforms, including e-commerce, has grown, enabling more customers to engage digitally. In addition, curbside / dockside technology

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Office Properties Income Trust Announces Sale of Four-Property Business Park for $25.1 Million

Office Properties Income Trust (Nasdaq: OPI) today announced that it has completed the previously disclosed sale of a 171,061 square foot, four-property business park located in Fairfax, VA for $25.1 million, excluding closing costs. Proceeds from today’s announced sale will be used for general business purposes.

David Blackman, President and Chief Executive Officer of OPI, made the following statement:

“We are pleased with our ability to continue to execute on our capital recycling program to further support our low leverage and strong liquidity throughout the ongoing pandemic and resulting economic challenges. We remain focused on the health of our business and believe we are well positioned to advance our strategies as market conditions recover.”

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI

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How to make passive income from real-estate investing: ultimate guide

  • Passive income is a dream. Bringing in earnings from an enterprise in which you’re not actively involved is a goal for many investors.
  • And many passive-income seekers find that investing in real estate is a great way to get started. 
  • From renting vacation properties to wholesaling, investors can generate passive income streams using a host of wealth-building strategies.
  • Business Insider talked to both seasoned real-estate investors and industry experts to help you get started.
  • Visit Business Insider’s homepage for more stories.

Investing in real estate is a great way to generate passive income, not least because there’s more than one way to do it. 

The goal of passive-income generation is to create an income stream for an investor that is inherently, well, passive, with the investor not having to do much after the initial outlay to keep the money coming in.

Collecting rent is the classic example, but there

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New Mixed Income Rental Homes Coming to Pineridge

CALGARY, AB, Oct. 16, 2020 /CNW/ – Every Canadian deserves a safe and affordable place to call home. That is why the Governments of Canada is supporting Horizon Housing as they break ground on the Pineridge development, which will soon provide Calgarians with access to more stable rental housing options that are affordable to the middle-class.

Today, the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced the ground breaking of 65 new homes in Calgary’s northeast community of Pineridge. This ground breaking celebrates the start of construction which will create homes for over 120 people when the mixed income development is completed late 2021.

This project by Horizon Housing is receiving financing of just over $15 million dollars through CMHC’s Rental Construction Financing initiative (RCFi), a National Housing Strategy program delivered by Canada Mortgage and Housing

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