Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
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 …
Continue reading “House prices will increase because of the new tax breaks for savings?”
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!”
Reserve Bank governor Glenn Stevens says foreign buyers are a factor in rising house prices. Mr Stevens said the bank was monitoring how much the federal government’s decision last March to relax its rules on foreigners owning property had contributed to surging prices for housing. He said the role of foreign purchases was ”an important …
Continue reading “Glenn Stevens says blaming foreign buyers for rising house prices”
Why Australian house prices rise? There seems many factors – demand and supply, immigrant, inflation,etc. However, I say there is only one factor – fear! Becasue you fear that the house prices will rise further, so you want to secure one as soon as possible. Other people have the same fear so you have to pay more …
Great Australian Dream? I don’t think so! The additional demand from abroad is contributing to rising property prices – with average median prices surging more than 10 per cent in capital cities last year – and fuelling the disappointment of would-be local buyers who are being out-bid. ”We have lost three properties (that we know …
Continue reading “Great Australian Dream or Great Daydream?”
Without the required new home building to keep up with underlying requirements, house prices and rents are expected to continue pushing upwards through 2010, according to Housing Industry Association (HIA). The association is forecasting a moderate housing recovery in 2010 with about 152,000 dwelling starts. But that’s still below the 190,000 required to keep pace with …
Continue reading “House prices and rents are expected to rise 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”