If you are buying or building your first home, you may be eligible for benefits under the First Home Owner Grant Scheme and/or the First Home – New Home Scheme Read more here
Latest Property News
Investor Signposts: Week Beginning June 17 2012 Upcoming economic and financial market events – Read more here
Biggest job gains in 18 months Latest Economic Data> Healthy job market. Over the three months to May, employment across Australia rose by 60,400 – the bestquarterly jobs growth since the three months to November 2010.> Broad-based gains. 12 of 19 industry sectors recorded job gains in the three months to May. Strongest jobgains were…
The New South Wales Government has announced a review of the funding arrangements for fire and emergency services, 74% of which is made up from the Fire Services Levy (FSL) collected as part of insurance premiums. A discussion paper is to be released calling for comments by all interested parties by 30 September 2012 and…
Click here to view the Property Marketplace Newsletter Click here to view the Property Marketplace Newsletter translated into Korean
12 June 2012 The NSW Treasurer, the Hon. Mike Baird, has today announced a range of changes to NSW taxes and grants as part of the 2012 State Budget. However, REINSW believes that today’s Budget is a missed opportunity to protect the engine room of the national economy. “REINSW is deeply disappointed that the Budget…
On Tuesday, the governor of the Reserve Bank, Glenn Stevens, described the pace of growth in Australia’s economic output as ”modest”. National account figures released the very next day revealed it was distinctly immodest. A bulging annual growth figure of 4.3 per cent appeared, on the back of a muscular mining sector and unexpected ripples…
The Reserve Bank of Australia has cut the official cash rate for the second consecutive month. The decision came as no surprise to many economists after last night’s share market fiasco. Australian shares hit a six month low at close of business yesterday, wiping approximately $23 billion from the share market. The share market drop,…
The RBA made a surprise move at its monthly meeting today, further reducing the cash rate 25 basis points to 3.50%. Weaker than expected retail trade numbers were expected to persuade Australia’s central bank to leave interest rates alone but it seems a lift in construction data prompted the move. The reduction comes after the…
As tax time nears, many buyers of residences in new developments may miss out on their share of millions of dollars by failing to claim as much depreciation on their purchases as they are entitled to, experts warn. Many simply fill in the forms and either ignore or underestimate the depreciation benefits, unaware of how…