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Plenty of Stock In Winter – Best Time To Buy
Investors that are looking to snap up a property bargain should do their shopping in winter, Australian Property Monitors chief economist Andrew Wilson has claimed. Speaking to The Adviser, Mr Wilson said investors with good equity would be well placed … Continue reading
Should You Use A Buyer’s Agent?
If you’re selling a property, it’s pretty easy to figure out if you want to use a real estate agent or not: Either you’re going to hire someone to show your property to prospective buyers, or you’re going to do … Continue reading
Rents surge higher than property prices
Rents are growing at a faster rate than property prices, new research has found. According to RP Data’s latest property pulse, in the five years to February 2011 capital city rents grew faster than property values. “The debate over affordability … Continue reading
Housing activity slumps
The Housing Industry Association is calling on the federal government to boost new housing activity in a bid to alleviate the crippling housing shortage. ABS figures released yesterday confirmed that residential building activity ended 2010 on a soft note, with … Continue reading
NSW comes through on stamp duty exemptions, levy cuts
The newly-elected NSW O’Farrell government has confirmed pre-election promises to abolish a housing levy and extend a stamp-duty exemption.In its 100 Day Action Plan released yesterday, the NSW Government confirmed it will offer a two-year stamp duty exemption to over … Continue reading
Moderate growth for property market
Australian house prices are expected to climb moderately over the next 12 months, new data has revealed. According to NAB’s Residential Property Survey, nationwide prices are tipped to increase by just 0.6 per cent over the next year led by … Continue reading
Oversupply not an issue for Vic
Despite recording a dramatic upswing in the number of property developments, Victoria shows little signs of succumbing to an oversupply issue. Speaking at the Business Forecasting Conference last week, BIS Shrapnel managing director Robert Mellor said while some parts of … Continue reading
Rising rents to spur buyers
As the gap between rental prices and mortgage repayments narrows, investors and first time buyers have an opportunity, says Mortgage Choice. The broker has pointed to RP Data figures showing expected increases in capital city rents, and predicted more people … Continue reading
Million dollar suburb numbers jump
Australia’s million dollar suburbs grew by 35% to total 212 at the end of 2010 when measured by median house price, according to research released by RP Data. Of the 212 suburbs, the property research firm found 56% were in … Continue reading