Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Capital city house prices rose by 20 percent in the last 12 months to the end of March 2010 according to ABS. The Australian Bureau of Statistics (ABS) said prices rose by 4.8 percent in the last three months with Sydney and Melbourne leading the way with rises of 5.3 and 6.7 percent respectively. That …
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Property prices ware up by 4.2 per cent across capital cities in the March quarter, a new survey says. The RP Data – Rismark Hedonic Home Value index, released on Friday, said property prices in the capital cities rose by an average 12.5 per cent in the year to March 31. Rismark chief executive Christopher Joye said …
A new report has found that growth in house prices is set to slow in 2010 due to rising interest rates and falling housing finance figures. The Australian Property Monitors’ Quarterly Housing report shows that national median house prices grew just over 3 per cent in March and there was an annual growth rate of …
According to Macquarie Group interest rate strategist Rory Robertson, you should at least put 2 percentage points buffer on your home loan interest when you buy your dream home. ”Indeed, another 2 percentage points worth of higher mortgage rates over the next couple of years wouldn’t surprise,” he said. The Reserve Bank today released the …
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The median price of a Sydney house rose 13.4 per cent to $641,000 in the year to March, below the 17.7 per cent increase in Melbourne, according to the Residex property research group. Price growth for units was also lower in Sydney, 10.3 per cent annually to $449,000 compared with 16.6 per cent to $432,500 …
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Melbourne property market continued its incredible run at the weekend and because of strong demand, shows no signs of slowing. This weekend, 739 out of a reported 875 auctions resulted in a sale, producing another high clearance rate of 84 per cent. Though it’s usually the weakest quarter, the first three months of 2010 were …
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In a bid to encourage Australians to save more money, the Rudd Government is set to unveil a tax break for bank saving deposits. According to the Daily Telegraph, this new scheme would offer tax concessions on savings similar to superannuation’s discount rate of 15 per cent. This new offering is a component of the …
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A property forecaster says rents are likely to climb between 6 and 7 per cent this year, after stagnating last year. The rental report by Australian Property Monitors shows average capital city rents increased by only 2 per cent last year but have already gone up 1.5 per cent in the first three months of …
Tax Watch convenor Julian Disney says negative gearing should be blamed for house price inflation in Australia. “I think one of the major causes of the house price inflation is the tax system,” he said, referring to negative gearing that allows investors to write off the costs of their interest payments and the concessional capital gains …
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Demand for home loans continued to fall in February, even before the two latest interest rate increases, data released on Monday shows, according to a Yahoo Finance article published on 12/04/2010. Just 50,287 mortgages were granted to owner-occupiers in February, down by a seasonally-adjusted 1.8 per cent compared to January, the fifth consecutive month of …
The anwser is so simple – at your home! I don’t mean you have to search the dropped pennies underneath your bed and sofa. What you should do is to sell unused or unwanted items from around the home on eBay! A recent survey found more than a third of Australians are planning on reducing their cost …
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New rules making it easier for foreign residents to invest in Australia real estate, along with an influx of overseas students, are changing the property market – according to an article in SMH. Changes to foreign investment policy around acquisitions of residential real estate by foreign persons, in late 2008, has come under fire in the media recently …
Despite the recent 25 base point RBA interest rate rise, Melbourne property market is even hoter after Easter, having recorded its strongest opening quarter on record. The weekend’s clearance rate reached 85 per cent, from the 488 auctions reported. JPP Buyer Advocates’s Catherine Cashmore went to five auctions at the weekend and said all the properties at …
Continue reading “Melbourne property market is even hotter after 5 RBA interest rates in 7 months.”
The Real Estate Institute of South Australia says the housing affordability in South Australia compared to all other states, still remains probably one of the best although the median house price for metropolitan Adelaide has passed the $400,000 mark for the first time. The Real Estate Institute of South Australia says the median house price …
Continue reading “Looking to buy investment properties? Adelaide might be a good choice!”
What should you do when RBA rate is rising? The course of action you might take will depend upon your individual situation. If you have a variable rate loan, it seems clear that you should currently be directing every spare cent towards paying it down in order to minimise your balance when higher rates arrive. …
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