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Albury Wodonga Location Report

The Albury-Wodonga region has been dubbed The Murray Food Bowl but, unusually for an Australian inland city, it is not dependent on agriculture for the health of its economy. The twin cities have strong sectors in manufacturing, construction, government administration, education, defence and retail. Many national businesses, as well as the Australian Taxation Office, are… [Read More]

Plan Early For Retirement

Mortgage Choice’s inaugural Financial Confidence survey shows 65.2% of Australians are concerned about their retirement funds. Of those surveyed, 60.7% said they would need $500,000 in order to retire comfortably, while 18.5% had no idea how much money they would need. The majority of Australians want to live a comfortable retirement and believe they need… [Read More]

TEAM DRUMMOND ATTENDS AUSTRALASIAN REAL ESTATE CONVENTION & GALA DINNER

Just Reward  “It’s fantastic to see another member of the Team at Drummond Real Estate being recognised for exceptional performance” said managing director Peter Drummond. In only his third full year in real estate sales, Rion Kirwin was awarded a Winners Circle Gold Badge for exceptional sales results at the recent Australasian Real Estate Sales… [Read More]

DOES IT REALLY MATTER?

Does it really matter if my tenant will not sign a new lease agreement when I want them to? Does it really matter if my property becomes vacant when I don’t want it to be vacant? Does it really matter if my tenant does sign a new lease and then has to leave? If only… [Read More]

Don’t cheat yourself out of rental income

We are often asked to take over the management of a property (managed by another agent) only to discover that the rental on the property is way below market rent. Believe it or not, sometimes we acquire property that has not had a rental increase in years! Some owners could argue that they have great… [Read More]

Experts Tip Flight to Real Estate

Upheaval in stock markets may create a pause in real estate markets, but it will be brief – and the outcome, ultimately, could be positive. “We expect inquiries to come off in the next few weeks,” said Peter Chittenden, managing director, residential, for Colliers International. “What we find in events like this is that people… [Read More]

Melbourne is World’s Most Liveable

Melbourne has topped The Economist’s liveability rankings for a fifth consecutive year. Australian cities were found to be “a relative picture of stability”, while 20% of the cities surveyed by The Economist magazine’s Intelligence Unit experienced declines in liveability over the past year. Melbourne was ranked the world’s most liveable city, Adelaide fifth, Sydney seventh,… [Read More]

Gen Y Doesn’t Care About Home Ownership

Young people are more concerned about long-term happiness than gathering material possessions and buying a home. Reports that Generation Y is locked out of the property market by high prices appear irrelevant. It seems Gen Y doesn’t care about not being able to afford a home. Housing affordability doesn’t even rate a mention in a… [Read More]

Fixed-rate Loans Gain Popularity

Demand for fixed-rate home loans increased during July in response to banks increasing interest rates, Mortgage Choice says. According to the latest data, fixed-rate home loans accounted for 18.46% of all loans written across Australia in July, up from 17.58% in June. Mortgage Choice chief executive John Flavell said this shift in loan type preference… [Read More]

ATO Cracking Down on Landlords

The ATO has created a hit list of worrying rental property deductions which includes holiday homes, spouses, repairs and loans. BMT Tax Depreciation chief executive Bradley Beer said the first problem is excessive deductions being claimed for holiday homes, especially where claims are made for periods when the property has not been rented out or… [Read More]

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