Why is the HPI so important to several different markets? There are a huge number of figures released weekly, monthly and yearly by all manner of agencies, and the housing price index is one of the most important. This goes for a wide number of markets, and is true all over the world. While property …
Should you invest in property: The average annual return of australia property
Australian property produced an average annual return of 5.3 per cent over the past 10 years to December 31, 2012. According to a SMH article, Australian shares produced an average annual return of 9.1 per cent over the past 10 years to December 31, 2012. Superannuation and Australian bonds were the next best performers, returning …
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Your home is now the symbol of your social status
A home is now like a social status symbol – the bigger the house the higher up the social ladder you are. The number of bedrooms per house in Australia jumped from 2.6 to 3.1 between 2001 and 2011, while Australia’s average household size in 2011 was the same 2.6 people as ten years ago. Housing …
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When you should buy a property?
Do you know mood and weather might affect your decision of property purchase? An interesting article published by SMH tells the story. The story started with the well-known wisdom that you should “never shop on an empty stomach”. A few years back economists Daniel Read and Barbara van Leeuwen proved the point by asking British office workers to choose …
House Prices in 2013
House Prices in 2012 For the year of 2012, Melbourne has continued to be a drag on the national property market, with dwelling values falling 2.9 per cent over the year. It was far and away the worst performance for any capital city. Brisbane and Adelaide were next after experiencing declines of 0.8 per cent. …
What the big 4 bank have done to us?
What the big 4 bank have done to us? They dig their profits from our pockets! A study in the prestigious Economic Record has found that the big four Australian banks have on average passed on 116 per cent of each rate rise and only 84 per cent of each cut, using monthly Reserve Bank statistics …
The weak property market has finally turned around?
HOUSE prices in Australia’s capital cities leapt 1.4 per cent in September, suggesting that recent rate cuts by the central bank are buoying the market. The finding in the latest RP Rismark Home Values Index, released on Tuesday 02/10/2012, was the largest monthly increase since March 2010. On a quarterly basis, house prices in the …
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Australia property market in capital cities over the next 12 months: the prediction of more than 11,000 Australians
Based on a survey from http://www.smh.com.au closed on 30/08/2012, the outlook for the real estate market towards the next 12 months remains gloomy. More than 11,000 Australians participated the survey. Only 13% of the responded thought the property market will improve over the next 12 months. On the contrary, 47% of the responded thought the property market will get …
Investing in Australian Property from Overseas
Australia is highly inviting to people seeking to invest in property. It is politically stable, relatively free of natural disasters and has low unemployment. Property prices double every seven to 10 years. Finding property with homesales.com.au is one of the easiest ways to locate houses for purchase. The supply of houses is low while demand …
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From $1.55 million to $381 thousands
Isn’t it terrible that a property dropped from $1.55 million to $381 thousands in 7 years from the owner’s point of view? However, isn’t it wonderful news for investors who are looking for bargains? With an oversupply of listed homes to chose from, weak auction clearance rates and sellers keen to offload investment properties, the Gold Coast …
Should I put my money into an offset account or term deposit?
Some of my friends asked me where they should put their money, specifically: 1. the offset account of their PPOR (principal place of residence) home loan or the offset account of their investment property loan? 2. a term deposit or the offset account of their PPOR (principal place of residence) home loan? 3. a term …
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Common mistakes in tax deduction for rental investment properties
There have been a number of common mistakes identified in the tax returns of rental property owners. To help you, ATO has compiled a list of what you should do and common mistakes to avoid. If you have an overall property loss If your total rental expenses exceed your gross rental income, you have incurred …
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CGT on my share of the house?
Question: Our mother lived in her house until her death 15 months ago. My brother and I are the beneficiaries. I have moved into my mother’s house and my brother is thinking of renting part (30 per cent) of the house out as he will not be there, and because he is entitled to do …
1 in 2 of Australia mortgage holders are facing mortgage stress
According to a recent poll on the Sydney Morning Herald, 1 in 2 of Australia mortgage holders are experiencing mortgage stress which means you spend more than 30 per cent of your pre-tax income on your home loan repayments. This ratio is much higher than the reported 3 in 10 mortgagors are facing mortgage stress …
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Have you paid enough tax on your property?
If you were asked whether you have paid enough tax on your property, you will think you have! However, the NSW government wants you to pay more tax! Every household in Sydney could be hit with a new tax to pay for future housing developments under a government shake-up of planning laws. A review of …
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