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… [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,… [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… [Read More]

Aussies reduce debt and save

Australians have adopted a cautious approach to spending and have strong debt reduction and savings plans in place, according to the St. George-Melbourne Institute Household Financial Conditions Report. The report shows Aussies are improving their financial position by paying extra… [Read More]

Building approvals continue to rise

The latest ABS Building Approvals data shows continued growth, with 218,442 new dwellings approved for the 12 months to May 2015, up from 192,561 approvals for the 12-month period to May 2014. Building approvals increased 2% on the April 2015… [Read More]

So, what is fair wear and tear?

As property managers we constantly come across owners who have very little understanding of the concept of fair wear and tear. This lack of understanding can cause conflict and stress for everyone including the tenant. Your tenant is not responsible… [Read More]

Albury Wodonga Market Update

While it’s not booming like the capital cities, there are signs of improvement in the local real estate market, with the median house price moving up from about $265,000 in 2011 to about $280,000 in 2015 (RP Data). Peter Drummond,… [Read More]

Developers seek end to stamp duty

The property sector has called for an end to stamp duty, saying it has destroyed the home ownership dreams of some people. As pressure mounts inside the Federal Government to address house affordability, the Property Council noted that while the… [Read More]

Home lending rises again

Investors and first-home buyers continue to take out mortgages in growing numbers. Australians made $32.7 billion of mortgage commitments in April, according to the Australian Bureau of Statistics, an increase of 17.3% on the previous year. The owner-occupier share of… [Read More]

Choosing and working with an agent

Choosing the right agent is crucial if you want to get the highest price for your property with the least amount of stress. Buyers have a choice – your home or someone else’s. Your agent should be skilled, selling the… [Read More]

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