Rents increased by 1.4 per cent nationally and 2.7 per cent in the capital cities over the past 12 months although house rents in Sydney, Melbourne and Darwin were flat, a report by property data collection agency RP Data found. At the same time, consumer prices rose at a faster pace in March 2011. According …
Perth rental prediction for 2011
Where Perth rentals may go in 2011? There are both optimistic forecast and cautious opinion. According to Australian Property Monitors, $100 billion of resources projects will go ahead in Perth and this will lead to strong growth in the economy and wages and salaries. This will drive house price growth in Perth and put a …
Flood levy and investment property
Taxpayers earning over $50,000 a year will be hit with a new 12-month flood levy from July 1, 2011. Those earning between $50,000 and $100,000 a year would pay an additional 0.5 per cent flood levy tax, while those earning over $100,000 would pay an additional 1 per cent tax. For example, if you earn …
Rents would increase 2.8 to 7 percent in 2011
RP Data said rents in capital cities are expected to increase by around 7 per cent during 2011 compared with the 4.2 percent increase in 2010 while NAB’s residential property survey, which tipped moderate falls in house prices in 2011, said rents would increase 2.8 per cent in the same period, and 4.1 per cent …
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What is the average rent in Sydney?
Average weekly rent in Sydney have increased to $400 a week, an increase of $10 since last year, according to an article from the Sydney Morning Herald. This means the average monthly rent in Sydney in 2010 is about $1,733. Tenants in the outer-ring suburbs, such as Blacktown and Sutherland, faced the largest rises, with rent …
7 precent rent increase in 2010?
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 …
House prices and rents are expected to rise in 2010
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 …
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Rents in Sydney’s outer suburbs rise almost 10%
Rents for three-bedroom homes in Sydney’s outer suburbs rose an average of 9.4 per cent last year, despite the global financial crisis during which rents in inner suburbs went up by less than a quarter of that rate. The latest rent and sales report from Housing NSW reveals that the sharp increase in rents for …
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2010 will be a good year for rental property investors
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 …
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