Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
The most common misconception about negative gearing is that it allows you to reclaim the entire shortfall between rental income and expenses from your tax bill. The reality is that only a proportion of the above-mentioned losses can be claimed, in line with your marginal tax rate. So if you pay tax at 30 per cent, you can claim …
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The fact that the value of loans to property investors fell 7.1 per cent in January 2012 shows that Australia property investors are cautious on property investment. Overall, home loan approvals dipped 1.2 per cent in January 2012, the first fall in 10 months, the latest Australian Bureau of Statistics figures show. The number of loans from …
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”Australian house prices could decline by more than 5 per cent in 2012 if China’s economy experiences a soft landing with GDP growth at about 8 per cent,’‘ according to Standard & Poor’s latest report titled China Soft Landing Would Moderately Impact Australia’s Housing Market. China’s insatiable demand for resources over the past decade, particularly iron ore …
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ANZ became the first of the big four banks to raise fixed home loan rates in March 2012 although it kept the interest rate on its variable mortgage steady. In a further sign that the banks are moving independently from the RBA, ANZ has lifted some of its fixed rates, including its residential three-year fixed package, which is its …
According to the latest home price index from RP Data-Rismark, capital city dwelling values in February 2012 rose by 0.8 per cent, after a 1 per cent fall in January 2012. Home values jumped by 5 per cent in Darwin, 2.2 per cent in Hobart, 1.8 per cent in Melbourne, 1.9 per cent in Canberra, …
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The Australian Stock Exchange and property data providers today launched a capital city home value index tracking home prices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The index, backed by property group RP Data-Rismark, will ”impute” the value of all dwellings in Australia’s capital cities and include daily price updates from homes sales across the …
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In USA, more and more lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale. Should Australia lenders follow this trend too? Short sales are when lenders allow borrowers to sell homes for less than their unpaid mortgages. They are an alternative to …
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Do you want to do a 25,720 km, 56 days 4 hours travel for 1.03% p.a. discount on your home loan? I saw the Suncorp Bank “1.03% p.a. discount for the life of the loan” marketing campaign a few days ago. Today I thought I might go to their branch to have a chat. I went to …
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According to realestate.com.au, based on the number of properties listed for sale in a particular suburb combined with the number of visits on the website to homes in that suburb, Sutherland and the northern beaches are where most people in Sydney want to live, with home buyers seeking a mix of lifestyle and infrastructure. The …
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What is negative equity? Negative equity occurs when the value of your property is less than the outstanding balance on your home loan. Ben Phillips, principal research fellow at the National Centre for Social and Economic Modelling, helped prepare an analysis which pointed to 60,000 households nationwide with negative equity. While the percentage of home …
FIRST home buyers jumped on the state government stamp duty sweetener for property priced up to $600,000 when it was first offered in 2004. But based on Sydney’s median price, the return on their investment might not have been as much as they expected. The longest property boom on record – a decade of growth …
Continue reading “Property growth rate in the past eight years to 2011”
The Australia’s big four banks finally decided to pass on the Reserve Bank’s 0.25 point cut. ANZ move first, announcing yesterday on 08/12/2012 it would cut its standard variable home loan rate from 7.55 per cent to 7.30. Fellow Melbourne-based giant NAB followed quickly, dropping its standard rate to 7.22 per cent. Commonwealth fell into …
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Although the government repeats its demands they pass on the interest rate cuts, none of the big four banks – ANZ Bank, Commonwealth Bank, National Australia Bank or Westpac – has revealed the results of their reviews of their interest rates almost two days after the RBA’s rate reduction on 06/12/2011. Australia’s big four commercial …
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6 December 2011, the RBA cut the cash rate by 25 basis points to 4.25 per cent. If passed along in full by the banks, this cut will save the average mortgage holder – with a $300,000, 25-year mortgage – about $47 a month. It seems that the central bank has now shifted its stance …
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Summary Australia capital city home prices fell by four per cent in the year to October 2011. Flat to lower house prices for the next six months or possibly the next 12 months. Australia capital city home prices fell by four per cent in the year to October 2011, after a 0.5 per cent decline …
Continue reading “2011 Property prices – November 2011 update on capital cities”