Low-interest rates not solely responsible for strong property price growth

A new analysis of cash rate changes over the past two decades has found that property price growth is less dependent on low-interest rates than commonly believed, according to the Property Investment Professionals of Australia (PIPA).  PIPA Chair Peter Koulizos said the cash rate was currently at a record low, with many people believing that was the predominant reason for the strong market conditions across … Continue reading Low-interest rates not solely responsible for strong property price growth

Asking rents soaring in New South Wales – but not everywhere

The exodus of people from Sydney is seeing asking rents soar in lifestyle locations – but some city locations are experiencing the opposite market conditions at the same time, according to a Sydney buyers’ agent. BFP Property Buyers Founder and Principal Ben Plohl said analysis of SQM Research’s Weekly Asking Rent and Vacancy Rate data has highlighted the vastly different rental market conditions happening in … Continue reading Asking rents soaring in New South Wales – but not everywhere

ACT women in construction benefit charity

A new charity house project launched today promises to provide a significant boost to a range of local community organisations in West Belconnen, ACT while providing a platform to promote the growing participation of women in the construction sector. The project will see the Ginninderry Joint Venture and Master Builders ACT collaborate on the design and construction of a premium home in the fast-growing suburb … Continue reading ACT women in construction benefit charity

National rents record the highest annual growth in over a decade

Regional Rents Have the Largest Annual Increase on Record CoreLogic’s Rental Review for the June 2021 quarter shows despite rental growth slowing over recent months, the latest figures take national rental rates 6.6% higher over the year; the highest annual growth in dwelling rents since January 2009. CoreLogic’s national rent index recorded a 2.1% rise in the three months to June 2021, down on the 3.2% rise … Continue reading National rents record the highest annual growth in over a decade

National Rental Vacancy Rates Tighten Further To Ten Year Low

Rents surge in capital cities SQM Research today has revealed the national residential rental vacancy rate fell to 1.7% over the month of June 2021 from 1.8% in May. This represents the lowest vacancy rate at the national level since May 2011. Vacancy rates continue to fall for Sydney, Melbourne, Adelaide, and Hobart, while some regional locations recorded a moderate rise in vacancies. The total number of … Continue reading National Rental Vacancy Rates Tighten Further To Ten Year Low

70% of buyers expect to pay more than the listed price

Prospective home buyers should brace themselves to pay more than the asking price, according to new research by comparison site  Finder.  A nationally representative survey of 1,012 respondents found just 19% of Australians agree that houses sell for the price they are listed for. The research revealed 70% expect a property to sell for more than what the seller asks. 1 in 4 Australians (26%) … Continue reading 70% of buyers expect to pay more than the listed price

Sydney lockdown will wipe billions from GDP

Finder’s RBA Survey: 73% of experts say Sydney’s lockdown will wipe $2bn or more off Australia’s GDP News highlights:  54% of experts think lockdown will continue past Friday  70% of economists say tax returns should be used to pay off debt  One-third of experts are expecting the cash rate to rise in 2022  6 July 2021, Sydney, Australia – The latest round of lockdowns is … Continue reading Sydney lockdown will wipe billions from GDP

Auction volumes and clearance rates dip

Auction volumes and clearance rates dip as uncertainty amid COVID cases rise Jade Harling This week, 2,177 capital city homes went to auction, down on the 2,960 auctions held over the week prior.  The lower volumes come about as the nation battles with multiple state lockdowns as uncertainty around COVID cases worsen. The lower week-on-week volumes saw the preliminary auction clearance rate dip, with 73.6% … Continue reading Auction volumes and clearance rates dip

Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear

CoreLogic’s June Home Value Index shows Australia’s property values finished the financial year on a high with a further 1.9% growth over the month National home values rose 1.9% in June, taking annual growth to 13.5% for the financial year. The growth in Australian dwelling values was led by houses, which rose 15.6% over the year, compared to a 6.8% lift in unit values. CoreLogic … Continue reading Australian dwelling values finish the financial year 13.5% higher, but a loss of momentum is clear

Property Investors Shave Thousands Off Tax Bill With One Simple Trick

BMT Tax Depreciation says investment property owners can find thousands of dollars worth of extra tax deductions this financial year with one simple tax planning trick: pre-paying property-related expenses before 30 June. “A pre-paid expense is a payment you make this financial year for something that provides a service the following financial year,” explained BMT Chief Executive Officer and experienced property investor, Bradley Beer. Mr. … Continue reading Property Investors Shave Thousands Off Tax Bill With One Simple Trick