Residential vacancy rates remain “excessively tight” across most capitals at a national average of 1.7 per cent for March, with Perth continuing to be the hardest major city in which to find a vacant rental property, according to new data. “Perth is now an area of major concern with vacancies now sitting at an incredibly…
Latest Property News
Rate cut on the horizon; Record SUV sales RBA Board minutes; New Car Sales • The latest Reserve Bank Board minutes confirms that a rate cut is on the cards for next month provided inflation remains in check. “Slower growth in demand could be expected to result in a more moderate inflation outcome, then a case…
Harry Triguboff’s six steps to apartment affordability – starting with more high rise There are some very simple steps which could reduce the cost of Sydney apartments by about $60,000 – from, say, $550,000 to $490,000. Many of the steps also apply to Melbourne. If the steps were taken it would also provide a fantastic…
Units sales proving popular Inner west agents continue to post strong results after the Easter break, with one buyer moving just three doors down from his friends, Victoria Craw reports. Excellent Post-Easter Sales Strathfield Partners have also recorded excellent sales after the Easter period with 100 per cent clearance rate at auction over the…
All capital cities have recorded a fall in values overthe past 12 months • Across the capitals, property values have fallen by -4.4% over the past year.• Hobart (-7.3%) and Brisbane (-6.1%) have been the weakest markets over the past year.• Canberra, Sydney and Perth have been the most resilient markets with values down -0.3%,…
Agents shouldn’t shy away from advocating adequate marketing spends to vendors, with research by an independent auctioneer showing a clear link between dollars spent and buyer interest levels. Jason Andrew, director of Jason Andrew Auctioneers, said many agents took the easy option when a vendor objected to spending ‘too much’ money on marketing their home.…
A PROMINENT Australian legal expert says he believes the Gillard government’s carbon tax is unconstitutional and that the three largest states stand a chance of successfully overturning the legislation in the event of a High Court challenge. The University of New England academic and practising barrister, Bryan Pape, has provided legal advice to conservative policy…
The Reserve Bank Board has left official rates at 4.25 per cent. Last year the Reserve Bank cut rates at both theNovember and December meetings, each by 25 basis points. The next meeting is on May 1 2012. The Reserve Bank left the door open for a further rate cut. Policy makers acknowledged that “the…
This year is an Olympic year. So it is quite appropriate that this year is all about hurdling. Financial marketparticipants are understandably jittery given the Global Financial Crisis and European Debt Crisis that havedominated attention since 2007. The good news is that so far in 2012 the hurdles have been cleared. Private sector creditors to…
This beautifully built, warm family residence on the renowned Rosemeadow Drive was placed on the market for sale via Auction – scheduled to take place on the 17th March. An overwhelming interest and response in the property, together with a great feature in the Inner West Courier saw a successful result on auction day with…