Residential investors will be forced out of the state’s residential rental market if proposed changes to the Residential Tenancies Act are introduced, according to the REINSW. And in a ‘perfect storm’ scenario, tenants won’t escape unscathed with rents predicted to skyrocket and available properties to dwindle as existing investors leave the market without being replaced…
Latest Property News
It’s that time again when Australians head to the polls and reduce property market activity to a crawl. Today, there are only 170 auctions listed – less than half the number of the previous weekend. This is almost identical to what happened during the November 2007 federal election. Before today, we had seen house price…
In what is good news for first home buyers intending to buy their first property, the NSW Government has announced that the First Home Owner Grant cap will be increased to $835,000 from 1 January 2011. The $835,000 cap will apply to applications where the commencement date of the eligible transaction is on or after…
FROM January 1, First Home Buyers will no longer have their stamp duty paid by the state government unless they buy a newly constructed home. The shock measure was unveiled by Treasurer Mike Baird in the Coalition’s first budget in office, in order to get savings of $1.1 billion over four years and in an…
The first home buyer market is expected to be the most active segment over the coming months, the head of a real estate agent group said. Speaking to Real Estate Business, Century 21 chairman Charles Tarbey said first home buyers and first time upgraders will dominate the market during the traditionally hot spring selling season.…
Confidence is returning to the Newcastle property market with hundreds of prospective buyers flocking to the opening of the luxury Lee Wharf apartments, and offers taken on at least half of the properties
SYDNEY property owners lost $800 million by selling their homes over the past three years in an “ice-cool”market. Of the 250,000 properties sold, 15,500 went for less than the owners paid. On average, they lost $52,000. In Blacktown, 312 of 3050 properties sold at a loss. Values in the inner west and pockets closer to…
Life is rich with possibility in these new, modern terraces in the Italian Quarter of Leichhardt. A choice of 6 three-bedroom with study and 2 two-bedroom with study terraces created by renowned architects Loop Design, offers a wealth of living options with both open space and intimate rooms. A leisurely walk from the buzz of…
Look beyond the promising headlines for a lasting, stable investment. There’s every sign that Melbourne’s property market is on the way up. The interest rate cycle is turning, auction clearance rates are up, and the median house price hit a record $480,000 in the September quarter. But I’d like to put something into perspective. In…