Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
One of the most outspoken sceptics of Australian property prices lost a bet that home prices would fall 40 percent from peak to trough in 2009. While the truth is that last year, capital city house prices rose by 12.1 per cent, hitting a new high, as demand from first-home buyers sparked a revival at …
Continue reading “House price crash? I was hopelessly wrong on house prices!”
Home loans in arrears by more than 30 days increased across all borrower categories during the December 2009 quarter, Fitch said in a report released on Monday. According to Fitch, more and more people will not be able to pay back their home loans in 2010 as borrowers battle rising interest rates and Christmas-induced credit card bills. …
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Here are the top 100 property related search keyword phrases in January 2010 from Google. It seems that there are more buyers than renters. Investment property is in the top 10 search terms. “property” “buy property” “rent property” “properties” “property for sale” “estate property” “real estate property” “properties for sale” “investment property” “commercial property” “property …
Continue reading “Top 100 property search terms in January 2010”
Here is what you really need to know about “adding value” by renovating – only two things: A RENOVATION MUST BE LOW-COST BUT HIGH-IMPACT: Yes it’s true that spending money on certain renovations can make a property either sell or rent for a higher amount than if that money had never been spent in the …
Continue reading “Only 2 things you need to know about property renovation”
Australian housing finance commitments for owner-occupied housing fell 5.5 per cent in December, seasonally adjusted, to 55,632 the Australian Bureau of Statistics said on Wednesday. Economists had expected the number of owner-occupier housing finance commitments to have fallen by 5.0 per cent in December. Total housing finance by value fell by 2.8 per cent in …
Beach property with coastal areas along the nation’s Eastern Seaboard experienced strong price recoveries in 2009 and will see further strong gains throughout 2010. According to an analysis of REX data, house prices gains in major coastal areas such as the Sunshine Coast, Gold Coast, Tweed and Port Macquarie are accelerating. “There are more buyers than stock …
Continue reading “Beach property will make strong gains throughout 2010”
The medium-to-long-term outlook for property prices remains strong as the population grows, incomes rise and demand for houses outstrips new supply, says an Australian Property Monitors’ report. Despite a sluggish start, 2009 ended with the biggest price growth since 2003 on a rise in activity at the top end of the market, the APM 2009 …
Continue reading “Strongest annual house prices growth since 2003”
Banks will not pass on the full interest rate increases which are forecasted at 1% in 2010, according to Australia’s top macroeconomist Chris Richardson. He said that increasing competition for new customers and lower funding costs would cause major lenders to absorb about 30 basis points of Reserve Bank increases during the second half of 2010. …
Continue reading “How big four banks will change their home loan interest rates in 2010?”
Australia has the most unaffordable housing market according to the Sixth Annual Demographia International Housing Affordability Survey published in 2010 (see the housing affordability index by country and housing affordability index scales below). The survey looks at 272 metropolitan markets in Australia, the US, the UK, Canada, Ireland and New Zealand. Housing affordability is measured by using the …
Continue reading “Australia housing affordability reached a new low point”
Expenses for which you may be entitled to an immediate deduction in the income year you incur the expense include: *advertising for tenants * bank charges * body corporate fees and charges * cleaning * council rates * electricity and gas * gardening and lawn mowing * in-house audio/video service charges * insurance – building – …
Continue reading “What rental expenses that I can claim for an immediate deduction?”
Rental expenses for which you are not able to claim deductions include: * acquisition and disposal costs of the property * expenses not actually incurred by you, such as water or electricity charges borne by your tenants * expenses that are not related to the rental of a property, such as expenses connected to your …
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Well, this definitely sound good for any property investors or home owners – it definitely a bad news for those who are looking to buy a property. The Real Estate Institute of Victoria (REIV) says the cost of buying a home in Melbourne has shot up over $75,000 in three months to reach another record …
Continue reading “$75,000 in three months – does this sound good?”
A comparision of home loan search trend and investment property search trend on Google Insights shows that since 2004 the number of home loan related searches increased from year to year and it peaked in late 2008 and early 2009 when the government boosted the first home buyer grants. Since the grant was reduced home …
Continue reading “Property investors will drive home loan growth in 2010”
A research done using Google Insights shows that in 2009 the “investment property” search volume trended up for the first time since 2004. Here is the chart since 2004 and the prejection for 2010 (click on the chart to see the full size image). As you can see that since 2004 the search volume of …
With residential property prices around the country on the rise, some real-estate investors are wondering if they have missed the boat. “I have been considering investing in a unit for about 12 months,” writes Kate, “but I thought prices would fall significantly due to the global economic crisis, and they didn’t. Then I expected prices …
Continue reading “2010 will be a good year for rental property investors”