Our BlogArchive - Posts from February 2017

Favourite Destination of Sydney...

Posted on Tuesday, 28 February 2017

Most of us know this already, but from as early as 1850, Manly has well been considered Australia’s favourite seaside resort; on the water’s edge, a destination for all seasons and all ages, an attraction famous for its breathtaking natural beauty, scenic walkways alongside harbour and ocean beaches and cultural events.

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Housing Market Enjoys Solid Growth

Posted on Monday, 27 February 2017

According to Australian Property Monitor's Quarterly Housing Report, Australia recorded solid house price growth over the June quarter as investor activity mitigated the fall in demand from owner occupiers and FHBs. Nationally, annual house price growth remained strong - sitting above 15 per cent.

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Strong Investor Returns Keeping Market Buoyant

Posted on Sunday, 26 February 2017

Investors have been returning to the market in droves since March last year. Nationally the value of loans for investment has risen 17.6 per cent in the past 12 months and is 37 per cent higher than the lows of January last year.

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West Kicks Back

Posted on Saturday, 25 February 2017

The Sydney median house price jumped from $611,000 to $625,000 in the June quarter - a rise over the three months of 2.3 per cent, or 13 per cent for the year. Yet the quarterly price growth was mainly in our most affordable areas; prices in the exclusive city and east dropped 3.8 per cent, according to the latest data from the Fairfax-owned Australian Property Monitors.

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Australian House Prices Lift 2.4% in June Qtr

Posted on Friday, 24 February 2017

Capital city house prices rose by 2.4 per cent over the June quarter, according to Australian Property Monitors, taking the annual rise to 15.6 per cent. Unit prices also recorded a 2.4 per cent increase for the three months to June 20, although the annual rise was lower at 12.2 per cent.

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Reia President Slams C.g.t. Claim

Posted on Thursday, 23 February 2017

Real Estate Institute of Australia (REIA) president David Airey has hit back at media comments regarding the payment of Capital Gains Tax (CGT) on family homes, saying the government has no plans to impose such a tax. Yesterday, The Australian Financial Review reported that the family home should not be exempt from CGT.

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Time to Buy 'hots Up' As Interest Rates, Economies Cool

Posted on Wednesday, 22 February 2017

As a property investor the question that is always front of mind is: what is going to happen to interest rates? The Reserve Bank's decision to leave them on hold is a clear sign it believes the earlier increases have had the desired effect and cooled the property market. The Reserve is in a bind, with one eye on the property market and another on the broader economy.

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Asic Eyes Housing Market Supervision

Posted on Tuesday, 21 February 2017

Australian Securities and Investments Commission chief economist Alex Erskine says the regulation of the housing market is the "next logical step'' in the responsibilities of the corporate watchdog, and that the market should operate on similar principles to the stock exchange, according to a Fairfax Mediareport.

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Booming City Needs Another Heart, Planners Told

Posted on Monday, 20 February 2017

''Big Sydney'' will be viable only if all levels of government commit to creating a twin city in the west with Parramatta as its CBD, a conference on population heard yesterday.

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Shared Housing Hits Luxury Market

Posted on Sunday, 19 February 2017

Dual-key apartments make luxury living a little more affordable. As inner-city housing becomes increasingly unaffordable, a property developer has proposed building hundreds of ''dual-key'' apartments designed to accommodate separate households.

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