Category Archive for: Housing

What’s the best season for buying a home?

If you’ve been reading the papers you’ll know all about the surge in new listings that’s expected after winter ends next week.  It looks like this spring promises more of the same, whilst the RBA has been trying to cool the surge in housing, by reducing interest rates, can’t quite work that one out, new…

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Negative gearing changes could see prices fall by 6%

Changes to negative gearing policy could push rents up dramatically, while simultaneously putting a dampener on property values, new building and GDP, according to a new report. The report from BIS Shrapnel, predicting that changes to negative gearing could push unit rents up by as much as 10% by 2026, has reignited fears that proposed…

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Getting a loan pre-approval is a good idea, but there are a few things you need to know.

Unless you have gold buried under the bed or a money tree growing in the yard you probably need to borrow to buy your next property. A pre-approval is a conditional lending document that is a must if your a prospective buyer.  It answers the first question; “How much can I afford to borrow?” Once…

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Foreigners forced to sell property

Treasurer Scott Morrison has ordered the forced sale of eight residential properties illegally held by foreign nationals. Mr Morrison said the properties were purchased in Victoria, Queensland and NSW, with prices ranging from $200,000 to $5 million. The buyers were from Canada, China, India, Malaysia and the US.  They either purchased property without approval from…

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Brief Update: House Price Outlook – November

According to the latest NAB research Australian residential property growth has continued to surpass expectations in recent quarters, suggesting more limited scope for further gains. Consequently, NAB Economics has reduced its forecast for detached house price growth in 2016.  But, they’re still predicting growth, nationally prices are forecast to increase 2% in 2016 (down from…

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RBA sounds the alarm over off-the-plan properties

Have you bought a property off-the-plan or are you looking at property that is not yet complete?  Read on; The Reserve Bank of Australia has warned that settlement risk on apartments off-the-plan may have increased as a direct result of the stricter criteria that the banks are now applying to investor housing loans. Some banks…

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Units are a popular choice for many of our First Home Buyers and Investors, but, are they all created equal?

Apartments tick plenty of boxes.  In most locations they tend to be more affordable than houses, involve less maintenance, and provide for a great lifestyle, apartments are also providing investors with healthy rental yields which is great for the investor.  Sounds good.  However with such a huge variety of apartments to choose from it is…

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Buying A Property? Questions You Need To Know The Answer Too

The initial steps to buying your first property are not as big as you probably think.  Do you often pick up the Domain and dream of someday owning your own home?  If your like I was your doing that every week, but where do you start?  Your first point of call should be your mortgage broker.…

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Housing Debate

Housing Debate

The debate on the housing sector saw the RBA weigh in with a discussion paper released yesterday that interestingly evaluated the issue of housing prices not against the usual household income test but compared to the rent/buy option under various real house price appreciation rates.  In short if “real” house prices appreciate at their average…

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