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 …
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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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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What your house could be worth in three years by 2015?
Wondering what your house could be worth in 3 years time by 2015? Despite a slight decline in median house prices this financial year, the market is poised to turn around according to BIS Shrapnel. The company today released a report titled Residential Property Prospects, 2012 to 2015. With compounded increases, house prices are expected …
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Negative equity – Melbourne property market
MANY people who bought houses on Melbourne’s fringes in recent years could be facing financial ruin after a slump in prices has left them owing more to the bank than their homes are worth which means they now have negative equity in their homes, experts have warned. A three-bedroom brick veneer house in the western …
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12-month price forecasts for Australia’s capital city housing markets
Do you want to know what the property prices will be in next 12 months? Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Sydney 12-month price forecasts Melbourne 12-month …
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12-month price forecasts for Australia’s capital city housing markets – Canberra
Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Canberra: -3% to 0% Relative to the rest of the nation, Canberra’s housing market has displayed resilience, with values …
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12-month price forecasts for Australia’s capital city housing markets – Darwin
Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Darwin: 3% to 6% Darwin’s housing market has experienced the heaviest losses in Australia, falling by 15.2 per cent …
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12-month price forecasts for Australia’s capital city housing markets – Hobart
Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Hobart: -7% to -4% Hobart’s housing market has been one of the weakest performers in the nation, declining by …
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