Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
The medium-to-long-term outlook for property prices remains strong as the population grows, incomes rise and demand for houses outstrips new supply, says an Australian Property Monitors’ report. Despite a sluggish start, 2009 ended with the biggest price growth since 2003 on a rise in activity at the top end of the market, the APM 2009 …
Continue reading “Strongest annual house prices growth since 2003”
Banks will not pass on the full interest rate increases which are forecasted at 1% in 2010, according to Australia’s top macroeconomist Chris Richardson. He said that increasing competition for new customers and lower funding costs would cause major lenders to absorb about 30 basis points of Reserve Bank increases during the second half of 2010. …
Continue reading “How big four banks will change their home loan interest rates in 2010?”
Australia has the most unaffordable housing market according to the Sixth Annual Demographia International Housing Affordability Survey published in 2010 (see the housing affordability index by country and housing affordability index scales below). The survey looks at 272 metropolitan markets in Australia, the US, the UK, Canada, Ireland and New Zealand. Housing affordability is measured by using the …
Continue reading “Australia housing affordability reached a new low point”
Expenses for which you may be entitled to an immediate deduction in the income year you incur the expense include: *advertising for tenants * bank charges * body corporate fees and charges * cleaning * council rates * electricity and gas * gardening and lawn mowing * in-house audio/video service charges * insurance – building – …
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Rental expenses for which you are not able to claim deductions include: * acquisition and disposal costs of the property * expenses not actually incurred by you, such as water or electricity charges borne by your tenants * expenses that are not related to the rental of a property, such as expenses connected to your …
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Well, this definitely sound good for any property investors or home owners – it definitely a bad news for those who are looking to buy a property. The Real Estate Institute of Victoria (REIV) says the cost of buying a home in Melbourne has shot up over $75,000 in three months to reach another record …
Continue reading “$75,000 in three months – does this sound good?”
A comparision of home loan search trend and investment property search trend on Google Insights shows that since 2004 the number of home loan related searches increased from year to year and it peaked in late 2008 and early 2009 when the government boosted the first home buyer grants. Since the grant was reduced home …
Continue reading “Property investors will drive home loan growth in 2010”
A research done using Google Insights shows that in 2009 the “investment property” search volume trended up for the first time since 2004. Here is the chart since 2004 and the prejection for 2010 (click on the chart to see the full size image). As you can see that since 2004 the search volume of …
With residential property prices around the country on the rise, some real-estate investors are wondering if they have missed the boat. “I have been considering investing in a unit for about 12 months,” writes Kate, “but I thought prices would fall significantly due to the global economic crisis, and they didn’t. Then I expected prices …
Continue reading “2010 will be a good year for rental property investors”
Westpac Banking Corporation has tightened its mortgage loan criteria by lowering its loan-to-valuation ratios (LVR) for new full-documentation mortgage customers on Wednesday from 92 per cent to 87 per cent including two per cent for lenders’ mortgage insurance. The LVR for new low-documentation customers has been lowered by Westpac to 80 per cent including LMI. The …
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The Australian Dream or Great Australian Dream is a belief that in Australia, home ownership can lead to a better life and is an expression of success and security. Although this standard of living is enjoyed by many in the existing Australian population, rising house prices compared to average wages are making it increasingly difficult …
Determining your home affordability before buying your dream home is important and perhaps that is why prospective US homeowners have a common query and that is “how much home can I afford?” Undoubtedly this is a crucial matter to deal with and shouldn’t be taken as a child’s play. This is because it is your …
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Research by The Sunday Telegraph has revealed for the first time how skilled immigrants – predominantly from Britain, India and China – are forcing house prices to some of the highest levels in the world when compared with average incomes. Almost 115,000 permanent skilled visas were issued last year, compared with just over 40,000 in …
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In order to maximize your total tax deductible amount at the end of the financial year for a property that’s negatively geared, there’s a range of expenses that can be included in the total annual cost of the property for deduction purposes. 1. Prepaid expenses It’s possible to claim any prepaid expenses that are related …
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The futures market is predicting a 5% RBA cash rate at the end of the year which is 1.25 percentage points higher than it is now. Cash rate is currently at 3.75 per cent after three increases of a quarter of a percentage point in October, November and December in 2009. When cash rate increases …
Continue reading “Home loan rate to rise to at least 7.25 at end 2010”