Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Australia property prices continued to drop in June 2011, according RP Data-Rismark Hedonic’s latest home value index for capital cities. Based on almost 150,000 home sales nationally over 2011, the report found that Sydney house prices dropped 0.2 per cent in June 2011. Melbourne house prices dipped 0.1 per cent for the month, pushing the …
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Perth property prices of June 2011 is $33,000 less than June 2010 in terms of median house price. Perth property prices have experienced the biggest drop in value over the period from July 2010 to June 2011, with $33,000 shaved from the median house price, according to the House Price Report by Australian Property Monitors. …
While there are lots of debate on carbon tax, the Housing Industry Association has declared its opposition. It argues that a tax on carbon emissions will flow through to adversely affect all building products and all sectors of the construction industry. “Building product manufacturers and new home buyers across Australia will be the hardest hit …
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According to an article in the Sydney Morning Herald, a family on $180,000 combined or more, and not eligible for either tax cuts or family benefits, receives only between $3 and $6 a year and faces an average increase in the cost of living of around $1000. So what does this mean for investment property …
Continue reading “The carbon tax costs me half of my investment property”
Westpac has predicted that the Reserve Bank will cut the interest rate four times in 2012 to avoid hurting an economy that is already showing signs of contraction. According to Westpac chief economist Bill Evans, there will be a sequence of rate cuts beginning with 25 basis points in December 2011 and through 2012 totalling 100 basis …
Continue reading “Property market will be hot again in 2012”