Australian Property News
Tax hike ‘hurts foreign investment’
Posted on Wednesday, May 16 2012 at 9:51 AM.Australia is at risk of alienating foreign property investors after the Federal Government announced plans to double taxes on investment trusts, one group has warned. Read more
Why first homebuyers should think like investors
Posted on Tuesday, May 15 2012 at 10:46 AM.Many first homebuyers spend months and months looking for the property they’ll fall in love with to call home for, well, at least the next few years. Read more
Australian commercial property ‘safe haven’
Posted on Monday, May 14 2012 at 2:52 PM.Investors from Hong Kong, Singapore, Malaysia and China are turning to the Australian commercial property market in search of higher rental returns, according to CommercialAsia.com. Read more
Light switches on in Rockhampton
Posted on Thursday, May 10 2012 at 10:15 AM.Since API profiled Rockhampton in its April issue this year as the next place to watch, the city’s residential property market has started sizzling with buyer numbers at open home inspections tripling and tenant competition firing up for rentals, according to Prime Properties Rockhampton principal Todd Brandon. Read more
Renting out rooms a popular option
Posted on Wednesday, May 09 2012 at 2:44 PM.One in three homeowners have considered renting out their spare room to help pay their mortgage, a poll has found. Read more
Slim pickings for property in this year’s Budget
Posted on Wednesday, May 09 2012 at 12:34 PM.The Federal Government missed an opportunity in this year’s Budget to support the ailing property and construction sectors, lobby groups say. Read more
Global recovery looming
Posted on Friday, May 04 2012 at 3:39 PM.The Reserve Bank of Australia (RBA) says global economic concerns are improving and fears of a second global financial crisis were unrealised in 2011. Read more
Bargain investments under $500,000
Posted on Thursday, May 03 2012 at 12:32 PM.Following a cooling-down period, Brisbane, the Gold Coast and the Sunshine Coast currently offer the greatest bargain shopping for astute investors, with the ability to potentially secure two rental properties on a $500,000 budget, according to a recent national property report released by Herron Todd White and Westpac. Read more
Victoria scraps first homebuyer bonuses
Posted on Thursday, May 03 2012 at 11:31 AM.Victoria’s residential property market faces a fresh blow after the government announced it would wind up first homebuyer bonuses from July 1, to help reduce the state’s budget deficit. Read more
Housing affordability improves
Posted on Wednesday, May 02 2012 at 11:59 AM.With house prices falling slightly and rents growing across capital cities, owning an investment property is becoming much more affordable. Read more
Rental demand in Queensland heating up
Posted on Tuesday, May 01 2012 at 3:53 PM.Rental vacancy continues to tighten across Queensland, with the majority of cities now seeing vacancy rates fall to below three per cent, according to the Real Estate Institute of Queensland (REIQ). Read more
RBA slashes interest rates
Posted on Tuesday, May 01 2012 at 3:06 PM.The Reserve Back of Australia has announced a cut to the official cash rate by 50 basis points, to 3.75 per cent, for the first time since last December Read more
South Australia steps up its mining projects
Posted on Tuesday, May 01 2012 at 10:55 AM.South Australia is fast becoming the mining magnet for Australia, with another major uranium mining development in the state’s far north given the go ahead. Read more
HIA calls for rate cuts
Posted on Monday, April 30 2012 at 12:57 PM.The Housing Industry Association is calling for the Reserve Bank of Australia (RBA) to cut interest rates tomorrow by as much as 50 basis points. Read more
Hobart and Launceston move at different speeds
Posted on Monday, April 30 2012 at 12:52 PM.Rental vacancy rates continue to climb in Tasmania while prices trend downward, according to the Real Estate Institute of Tasmania’s March report. For the month to March 2012, the statewide vacancy rate saw a 0.3 per cent jump to 4.1 per cent. Read more
New landholder duty proposals in Victoria
Posted on Friday, April 27 2012 at 3:23 PM.Landholder duty proposals in Victoria jeopardise property investment, according to the Property Council of Australia. Read more
ClimateSmart Home Service scrapped
Posted on Friday, April 27 2012 at 10:37 AM.The Queensland ClimateSmart Home Service has been scrapped by the State Government, seven months before it was due to finish. Read more
Signs of life in housing market
Posted on Friday, April 27 2012 at 9:51 AM.The housing market experienced modest but encouraging price growth in the first quarter of the year, according to new data. Read more
Darwin’s gas project heats up the property market
Posted on Monday, April 23 2012 at 3:23 PM.The Darwin property market has “definitely improved” over the past couple of months, according to Herron Todd White valuer Terry Roth. Read more
WA and NT see greatest property tax drops
Posted on Friday, April 20 2012 at 10:55 AM.Despite a slump in the Australian property market and tax revenue over the 2010-11 period, property owners paid $3 billion in property-related taxes, according to RP Data’s Cameron Kusher. Read more
Homebuyers keen to enter the market: report
Posted on Thursday, April 19 2012 at 3:53 PM.A report on the willingness of Australians to buy property has found 40 per cent of respondents intend to get into the market this year, while 61 per cent are keen to buy in the next five years. Read more
Gold Coast to shine again
Posted on Thursday, April 19 2012 at 12:37 PM.A five-point action plan to build a stronger and more resilient Gold Coast has been announced by the Property Council of Australia. Read more
Property industry confidence lifts
Posted on Thursday, April 19 2012 at 11:21 AM.Sentiment among property professionals is on the rise and most see house prices stabilising in the near future, according to a study released today. Read more
‘Pay As You Go’ stamp duty in NSW?
Posted on Wednesday, April 18 2012 at 3:54 PM.The New South Wales Government is reportedly considering a proposal to introduce a ‘Pay As You Go’ scheme for stamp duty, whereby homebuyers could stagger payments over a period of time. Read more
Slow body corporate owners paying the price
Posted on Monday, April 16 2012 at 3:49 PM.Body corporate owners who take too long to repair common property or respond to requests could be left to pay expensive bills and legal fees, according to legal firm Kemp Strang. Read more
Residential ‘hotspots’ revealed
Posted on Monday, April 16 2012 at 3:13 PM.The Australian Capital Territory and Victoria were the standout residential building hotspots in the last financial year, according to a report released by the Housing Industry Association (HIA). Read more
Crackdown on unlisted property trusts
Posted on Monday, April 16 2012 at 2:36 PM.Property investment schemes not listed on the stock exchange will be required to disclose more extensive details of risk, following a review by the Australian Securities and Investment Commission (ASIC). Read more
Passed in at auction – playing the game
Posted on Friday, April 13 2012 at 1:28 PM.With data showing the number of auction listings has increased significantly in recent peak periods, one expert is warning buyers to keep a cool head. Read more
Rents up but vacancy rate stable in Perth
Posted on Thursday, April 12 2012 at 3:27 PM.Preliminary data for the March quarter shows the rental vacancy rate in Perth has stabilised. Read more
War on real estate red tape in Queensland
Posted on Wednesday, April 11 2012 at 9:28 AM.The new Queensland Government will work to cut real estate red tape as a matter of priority, it was announced yesterday. Read more
Housing benefits for workers could be scrapped
Posted on Tuesday, April 10 2012 at 2:04 PM.Rental tax perks for people living away from home for work could be scrapped in coming months, if the Federal Governments proceeds with proposed reforms. Read more
More affordable housing for Karratha
Posted on Thursday, April 05 2012 at 3:30 PM.Karratha will eventually see more than 1200 new lots released at Nickol and Madigan Road, with 369 dwellings on 24 hectares of land under way, according to the Western Australian Minister for Regional Development Brendon Grylls.
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Dumping first homebuyer grant on new homes would mean more job losses
Posted on Thursday, April 05 2012 at 12:30 PM.First homebuyer grants should be restricted to the purchase of new homes to stimulate construction jobs rather than dumping the $19,500 incentive across the board, according to the Victorian branch of the Urban Development Institute of Australia (UDIA). Read more
Darwin's laneway housing prank hits national headlines
Posted on Thursday, April 05 2012 at 8:57 AM.A prank NT News article about proposed infill housing in Darwin laneways has hit national news headlines as legitimate news, despite the newspaper admitting to the April Fools' Day prank on Monday this week.
Read moreProperties with no asking price deterring buyers
Posted on Wednesday, April 04 2012 at 2:36 PM.Are you selling your property at the moment without an asking price? You might be doing more harm than good, according to PRDnationwide. Read more
Property bubble bursts in Moranbah, but for how long?
Posted on Tuesday, April 03 2012 at 3:57 PM.House prices in Moranbah have fallen by as much as $100,000 in the past month and rents by as much as $800 per week, according to Real Wealth Australia’s Ed Kogtevs. Read more
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