Australian Property News
Brisbane inner city market undersupplied
Posted on Friday, May 24 2013 at 3:54 PM.There’s a very limited supply of housing in Brisbane at present and auctions are increasing in popularity as sellers regain a more optimistic view of the market, according to one analyst. Read more
First homebuyer grant scrapped in Tasmania
Posted on Friday, May 24 2013 at 2:27 PM.The Tasmanian Government will scrap its First Home Owners Grant for established properties and wind down a boosted incentive for new builds, as part of its frugal 2013 Budget. Read more
Queensland courts cashed-up tourism investors
Posted on Thursday, May 23 2013 at 1:49 PM.More than 100 local and international investors, developers and financiers converged on Brisbane last night to preview a portfolio of tourism investment opportunities. Read more
NSW high growth areas set to benefit
Posted on Thursday, May 23 2013 at 12:22 PM.A $405 million windfall from the sale of government-owned property assets will be used to boost infrastructure in high growth areas across New South Wales and in turn encourage investment. Read more
REIA calls for halt to national licensing model
Posted on Wednesday, May 22 2013 at 3:18 PM.A spike in the number of practicing real estate agents has prompted the Real Estate Institute of Australia (REIA) to call for a halt to the proposed national licensing model. Read more
More housing for Alice Springs
Posted on Monday, May 20 2013 at 4:23 PM.At least 100 new lots are coming onto the market in Alice Springs, helping to ease prices and competition among investors. Read more
Homebuyers benefit from new laws
Posted on Monday, May 20 2013 at 1:54 PM.Property investors in South Australia will benefit from recent changes to real estate laws forcing agents to list the price a vendor is willing to accept at auction. Read more
Falling Aussie dollar could provide a cash injection to tourism hubs
Posted on Monday, May 20 2013 at 1:24 PM.The Australian dollar recently fell below parity and that’s a good thing for landlords who own property in tourism areas, according to Hegney Property Group chief executive officer Gavin Hegney. Read more
Court finds ‘subject to finance’ is not an easy way out
Posted on Wednesday, May 15 2013 at 3:20 PM.A recent court decision has demonstrated the ‘subject to finance’ clause is not a simple path to exit from a contract of sale. Read more
Housing industry slams Budget
Posted on Wednesday, May 15 2013 at 11:06 AM.First homebuyers and the construction sector have been largely ignored in Wayne Swan’s latest Federal Budget, according to lobby groups. Read more
NT Budget cash splash for housing
Posted on Tuesday, May 14 2013 at 1:58 PM.The Northern Territory Government has detailed a raft of cost-saving measures in today’s Budget, in a bid to return the balance sheet to the black. Read more
Investors will benefit from purchasing in Sydney downsizing hotspots
Posted on Monday, May 13 2013 at 4:52 PM.Investors who buy smaller apartments in Sydney might dramatically benefit from a rising downsizing market, according to Urban Taskforce. Read more
WA tenancy law changes ‘strike a balance’
Posted on Friday, May 10 2013 at 4:07 PM.New laws will make renting fairer for tenants in Western Australia and also protect the interests of property investors, the State Government says. Read more
Housing a big income earner for government
Posted on Thursday, May 09 2013 at 11:26 AM.Nearly half of all tax revenue collected by state and local governments in the 2011-12 financial year came from the housing sector. Read more
Analysis confirms rising confidence
Posted on Thursday, May 09 2013 at 11:18 AM.A survey released today shows the confidence of homebuyers is on the rise and they’re keen to invest. Read more
Rate cut a free kick to real estate
Posted on Thursday, May 09 2013 at 8:46 AM.Yesterday’s decision by the Reserve Bank of Australia (RBA) to cut the cash rate to 2.75 per cent was in response to factors beyond the real estate sector, according to one market analyst. Read more
Victoria’s Budget delivers for some, not others
Posted on Wednesday, May 08 2013 at 11:02 AM.Grants for first homebuyers in Victoria will soon only be available for the purchase of newly constructed dwellings. Read more
Latest interest rate cut breaks records
Posted on Tuesday, May 07 2013 at 2:56 PM.Australia’s official cash rate is now the lowest it has been since official records began in 1959, sitting at just 2.75 per cent. Read more
Property settlements to go electronic
Posted on Friday, May 03 2013 at 3:57 PM.The era of physical title and bank cheque exchanges during property settlements may be over with the introduction of an online property platform. Read more
More Aussies buying property
Posted on Thursday, May 02 2013 at 12:29 PM.Buyers are coming back to the property market in droves, encouraged by lower interest rates. Read more
First homebuyer grant changes in Victoria
Posted on Monday, April 29 2013 at 1:52 PM.Grants for first homebuyers purchasing an existing property will be scrapped in Victoria to fund extra support for those buying a new house or apartment. Read more
Underperforming Brisbane to play catch-up
Posted on Monday, April 29 2013 at 12:59 PM.Brisbane’s property market is improving at a slower rate than other centres, according to information presented by Cameron Kusher, a senior research analyst with RP Data. Read more
Smoke alarm laws on the way in Tasmania
Posted on Friday, April 26 2013 at 10:02 AM.Landlords in the Apple Isle will soon be required by law to install and maintain smoke alarms in rental properties. Read more
SMSF spruikers under watchdog’s microscope
Posted on Monday, April 22 2013 at 1:17 PM.Dodgy investment spruikers hoping to cash in on the growing popularity of self-managed superannuation funds (SMSF) have been put on notice. Read more
Property confidence on the rise
Posted on Friday, April 19 2013 at 9:53 AM.Sentiment within Australia’s property industry has risen to an 18-month high, driven by increased confidence in the housing market and easing financing conditions, according to the latest Property Council-ANZ Property Industry Confidence Survey. Read more
Analyst’s report predicts Sydney price growth
Posted on Wednesday, April 17 2013 at 3:50 PM.A report released by SQM Research this week says Sydney property prices are set to continue rising this year. Read more
Older people unlikely to downsize
Posted on Wednesday, April 17 2013 at 3:48 PM.Investors purchasing units around CBD locations might have less chance than they think of finding an older tenant. Read more
NSW development approvals to be reduced to 10 days
Posted on Wednesday, April 17 2013 at 11:10 AM.Investors and developers lodging development applications (DAs) in New South Wales could soon have their waiting times and holding costs drastically reduced, with the State Government proposing to cut DA approval times to just 10 days. Read more
Paying up for permanent parking
Posted on Wednesday, April 17 2013 at 11:04 AM.Trendy art deco apartments in Sydney’s inner suburbs typically don’t come with parking, but that’s no deterrent for homebuyers. Read more
Housing finance lifts in February
Posted on Monday, April 15 2013 at 3:59 PM.Total housing-related lending rose by 1.4 per cent in February, with growth in activity among both owner-occupiers and investors. Read more
Financial announcement boosts mining hub prospects
Posted on Thursday, April 11 2013 at 12:21 PM.Cloncurry and Mount Isa have further improved the outlook of their property markets with the announcement this week of funding for a major zinc mining project. Read more
Landlord’s right to draw down bank guarantees supported
Posted on Thursday, April 04 2013 at 12:03 PM.A decision in the Victorian Supreme Court has backed the conditional right of a landlord to draw down funds from a tenant-provided bank guarantee. Read more
Property market off and running
Posted on Thursday, April 04 2013 at 9:09 AM.Australia’s housing market recovery and revival has been confirmed, thanks to high clearance rates, low interest rates and an increasing number of buyers, according to Australian Property Monitors. Read more
Data integration makes Queensland research a breeze
Posted on Wednesday, April 03 2013 at 2:46 PM.The Queensland Government has launched a new computer program that’ll open up a vault of location-linked spatial data benefiting a number of sectors, including real estate. Read more
Sellers raise asking prices as market recovers
Posted on Wednesday, April 03 2013 at 12:06 PM.More data released this week indicates a continued upward direction for the Australian real estate market. Read more
Property values are going up
Posted on Tuesday, April 02 2013 at 3:40 PM.Capital gains in the March quarter of this year are the highest since May 2010, according to RP Data-Rismark research. Read more
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