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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]

How you can achieve the highest possible rent

The dynamics of renting properties has changed over the decades. There are more expectations on landlords in regards to legislation and compliance, with a strong focus on presenting properties in a safe and well-maintained condition. As a result of these changes, many tenants expectations are high and they want more for their rent. Investing in… [Read More]

NSW is top economic performer

A booming housing market and population growth have pushed NSW and Victoria into the top two spots for economic performance in the country. NSW, the most populated state, took out the title for a fourth consecutive quarter, according to CommSec’s quarterly State of the States report. CommSec ranks the states and territories on eight key… [Read More]

Negative gearing stays says Hockey

Joe Hockey remains opposed to changes to negative gearing, saying it would lead to rent increases. He also said there was a lot of misinformation about negative gearing. He said there were more lower income earners with negatively-geared properties than high income earners and negative gearing allowed lower income earners a chance to enter the… [Read More]

TRICKS AGENTS USE

If you want an above market price for your property, agents have a number of tricks to bring you back down to a more normal market price. Some of these tactics are subtle while others are more transparent. Either way, when you know what they are, you stand a better chance of protecting yourself. The… [Read More]

Rate cut predicted before Xmas

Interest rates remained on hold at 2% when the Reserve Bank board met this week. But a RateCity analysis of key economic indicators reveals an increasing likelihood that rates will be reduced by the end of the year. Thirteen of the 18 key economic indicators analysed by RateCity this month pointed towards rates remaining on… [Read More]

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