Sydney’s price growth continued through December it seems. Despite all the distractions, the month saw year to date growth hit 15%. There’s just a few days left before CoreLogic sign off on 2016 data. Melbourne too finished strongly with price growth, according to the daily index at 13% plus. The CoreLogic Daily Home Value Index is…
Latest Property News
The current housing boom won’t come unstuck until 2018, according to SQM Research founder Louis Christopher. He was described by the Australian Financial Review as “arguably the country’s most accurate forecaster.” “It is now very likely it will be a strong start to the new year for Sydney and Melbourne, given the way 2016 ended,” Mr…
The “policy approach” to regulatory restrictions on investor lending are limp and ineffectual according to managing director of Market Economics Stephen Koukoulas. In an opinion piece published in The Guardian, Koukoulas said no sensible observer of the Australian housing market believes the regulators have it “right” when it comes to conditions attached to investor lending.…
A survey of property sector expectations for 2017 has found strong expectations of economic growth has driven confidence to a two-year high. Recent housing market data on price growth, auction results, and investor finance has driven confidence in the property sector. ANZ chief economist Richard Yetsenga said the first quarter ANZ-Property Council Survey shows a…
In our recent study we found that 40 percent of 203 Sydney homes we sampled contain lead in garden soil above the Australian health guideline of 300 milligrams per kilogram (mg/kg). This presents a hazard because soil lead can adhere to or get absorbed into edible plants. An additional pathway of exposure occurs when contaminated soil dust…
The Urban Taskforce acknowledges the incredible position that Mike Baird has achieved for the state of NSW. The next Premier for NSW must be someone who continues the drive for growth with infrastructure that has been the hallmark of Mike Baird’s term. Mike Baird as NSW Premier has been a great champion of the growth of…
A review of tax system including stamp duty should be the first point of business for newly appointed premier Gladys Berejiklian. Former premier Mike Baird had taxation reform on his agenda. It’s time for his successor to deliver something back to property consumers. A review of the tax system is necessary immediately. The NSW government has…
What’s new It’s a whole new era in strata for lot owners and tenants. It’s now simpler for you to: > get renovations approved > deal with parking issues > Participate with new online meeting and voting options > collectively sell or renew your strata block, if at least 75% of the owners agree and…
As a general guide, SMSF trust deeds should be updated every 4–5 years, or sooner in the case of major legislative change. The last major legislative change to superannuation that warranted a blanket update for all SMSF trust deeds occurred in mid-2007, and the Federal Government’s proposed superannuation reforms are of similar magnitude, particularly in…
Residential mortgage lending constitutes the largest credit exposure in the Australian banking system and, for many ADIs, well over half their total credit exposures. This concentration of exposure necessitates APRA’s close scrutiny of ADIs’ lending practices. In November 2014, APRA released Prudential Practice Guide APG 223 Residential Mortgage Lending (APG 223) to provide guidance to…