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… [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%… [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… [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… [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… [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… [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]

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