Australian Property News

Australian Property Investor magazine releases digital edition

Posted on Tuesday, February 14 2012 at 4:35 PM.

Australia's highest-selling property magazine is now available in digital format through Zinio, the world's largest electronic newsstand. Read more

What interest rate rises mean for you and your investment

Posted on Tuesday, February 14 2012 at 3:09 PM.

The Commonwealth Bank has become the latest lender to break ranks with the Reserve Bank of Australia (RBA) and raise rates out of cycle by 0.1 per cent. Read more

Steady growth in Roma despite floods

Posted on Thursday, February 09 2012 at 10:06 AM.

The flood clean up has started for mining hub Roma in Queensland’s southwest after the rising water level peaked at a record 8.4 metres last Friday night. Read more

The path for investment opportunities widens in South Australia

Posted on Tuesday, January 31 2012 at 5:53 PM.

The proposed Olympic Dam expansion is becoming more and more certain, after plans were announced to expand the Stuart Highway from Olympic Dam to Port Augusta in South Australia. Read more

Evidence the property market could be bottoming

Posted on Tuesday, January 31 2012 at 4:54 PM.

Signals of a bottoming market are evident as the December quarter reports the year’s smallest quarterly decline, according to RP Data director of research Tim Lawless Read more

Investors find other avenues for capital growth

Posted on Friday, January 27 2012 at 9:45 AM.

It's natural for property prices to take a breather as they move through the property cycle, but that doesn't mean investors can't brainstorm ways to create their own growth in the meantime. Read more

Proposed new rail line for Mackay

Posted on Tuesday, January 24 2012 at 9:45 AM.

Investment properties in Mackay have just been given another boost, with BHP Billiton giving the Queensland Government notice of a proposed rail corridor alignment from the Bowen Basin to Mackay Read more

Red tape slashed in housing market paperwork

Posted on Monday, January 23 2012 at 4:26 PM.

Homebuyers and sellers in Queensland will soon be using just one contract, under a plan to slash red tape in the housing market. Read more

Rents increase across Australia

Posted on Thursday, January 19 2012 at 1:53 PM.

The soft homebuyer market has put increased pressure on the rental market, resulting in higher rents across the entire country, according to Australian Property Monitors’ Rental Price Series quarterly report. Read more

Land sales on the increase

Posted on Thursday, January 19 2012 at 1:30 PM.

Land sales have increased by 1.3 per cent in the September quarter, according to the Housing Industry Association (HIA)-RP Data Residential Land Report. It’s the third quarter where the volume of land sales has increased. Read more

Sydney buyer demand shifts to affordability

Posted on Thursday, January 19 2012 at 11:45 AM.

Affordability is the key this year as Sydney buyers shift attention to older, more affordable units in prime lifestyle locations along Sydney’s inner coastal areas and also to cheap housing on the metro city fringe, according to WBP Property Group New South Wales manager Chris Lackey. Read more

Inpex approval puts gas back into Darwin’s property market

Posted on Tuesday, January 17 2012 at 12:27 PM.

The Inpex project means “very exciting times are ahead” for Darwin, according to the Real Estate Institute of the Northern Territory (REINT). Read more

Kitchen and bathroom renos on the decline, but property prices holding

Posted on Monday, January 16 2012 at 11:21 AM.

Investors are more likely to have daggy kitchens and older bathrooms for the next 12 months with renovations on the decline, but property prices are still firm, says the Housing Industry Association’s Kitchen and Bathrooms: Past Growth and Future Prospects 2011/2012 report. Read more

Confidence back up on the Gold Coast

Posted on Friday, January 13 2012 at 5:37 PM.

The Gold Coast’s successful bid to host the 2018 Commonwealth Games has brought back a much-needed confidence boost to Queensland’s glitter strip. Read more

Queensland building boost extended

Posted on Friday, January 13 2012 at 4:12 PM.

Investors and homebuyers in Queensland now have an extra reason to buy off-the-plan properties, after the Queensland $10,000 building boost grant was given a three-month extension. The boost was supposed to end at the end of January, but will now expire at the end of April. Read more

No price crash as predicted, growth ahead

Posted on Friday, January 13 2012 at 2:41 PM.

Prices may have softened in 2011, but not to the extent of a “collapse” or “bloodbath” as predicted by some commentators, according to the Housing Industry Association senior economist Andrew Harvey. Read more

Official go ahead for Inpex LNG project today

Posted on Friday, January 13 2012 at 12:57 PM.

A highly anticipated $25 billion gas project for Darwin and Western Australia will be given the official nod today, as indicated in a full-page Inpex advertisment in today’s Northern Territory News, reported ABC News Online. Read more

Mixed feelings on the Grantham land swap

Posted on Thursday, January 12 2012 at 3:46 PM.

This week signalled one year since Grantham, in Queensland, was ravaged by flash flooding. In this time a new town has resurfaced just up over the hill from the old town, with sweeping vistas and flood-free land. Some locals say it’s an exciting fresh start while others say the land swap deal by the government could have been fairer. Read more

Confidence returns to resource rich states

Posted on Thursday, January 12 2012 at 12:38 PM.

The mining boom has injected massive optimism back into Queensland, just 12 months after floods devastated parts of the state. Read more

How to turn a new year’s resolution into reality

Posted on Tuesday, January 10 2012 at 10:07 AM.

Most of us make some sort of new year’s resolution every year. Whether it’s paying off debt, saving more money or getting our finances in order, there is usually some sort of goal hanging around our heads in early January. It’s easy to make a resolution – the difficult part is turning it into reality. Read more

Interest rates falling, but not forever

Posted on Monday, January 09 2012 at 5:19 PM.

Landlords have enjoyed recent drops in interest rates and many economists predict they’ll fall further this year. But a report written by the Reserve Bank of Australia (RBA), The Mining Industry: From Boom to Bust, suggests otherwise. It indicates the mining boom could in fact result in inflationary pressure over the next few years, which means rate rises may not be too far around the corner. Read more

Body corporate insurance skyrockets in far north Queensland

Posted on Monday, January 09 2012 at 4:34 PM.

Body corporate insurance premiums have reportedly risen by as much as 400 per cent over the past 12 months in parts of far north Queensland, according to the House of Representatives Standing Committee on Social Policy and Legal Affairs. Read more

Uncertain super policy rattles SMSF investors

Posted on Thursday, January 05 2012 at 10:05 AM.

Earlier this week The Australian newspaper reported that unions and welfare groups are placing pressure on the Gillard Government to slash contribution incentives for middle and higher income earners. API investigates what this might mean for property investors in an era of uncertain superannuation policy. Read more

Property prices set to rebound

Posted on Tuesday, January 03 2012 at 5:25 PM.

After much speculation in recent months over the interest rate cut effect on property prices, recent data proves it was certainly a gear changer in November 2011, with the greatest increases recorded since December 2010, according to RP Data-Rismark‘s November Hedonic Home Value Index results. Read more

Report shows housing supply at tipping point

Posted on Friday, December 23 2011 at 12:11 PM.

There’s a widening gap between the demand for homes and the number being delivered, according to the Residential Development Council (RDC). Executive director Caryn Kakas says the Australian Government’s National Housing Supply Council – State of Supply Report 2011 confirms there’s a projected housing shortfall of 215,000 dwellings nationally. Read more

Foreign spending in Queensland improves

Posted on Wednesday, December 21 2011 at 4:05 PM.

Queensland is set to offer strong property investment opportunities over 2012, according to a research report recently released by Colliers International. Read more

Foreign developers snap up property in Australia

Posted on Tuesday, December 20 2011 at 5:04 PM.

Foreign developers are making the most of bargain buying conditions in Australia and snapping up property. Read more

Predicting interest rates

Posted on Monday, December 19 2011 at 5:22 PM.

Most investors always have some sort of New Year’s resolution. Buy another property, pay down mortgages or do more research in one area. This Christmas people are confused. No one knows exactly how bad the European crisis will get and for investors, that means no one knows what will happen to interest rates in 2012. Read more

Holiday rentals push up yields for landlords

Posted on Thursday, December 15 2011 at 2:08 PM.

The Christmas holidays are just around the corner and for some landlords, their properties are likely to be in higher demand over the next month or so. While permanent rentals provide more stability, The Stayz Group Accommodation says now is a good time to switch your property from a permanent rental to a holiday-let pad, if you’re thinking about changing. Read more

Small developers be wary when impacting vegetation

Posted on Thursday, December 15 2011 at 12:50 PM.

As urban development increasingly encroaches on rural areas, and as property investors are increasingly dabbling in small developments, it’s important to become aware of the upfront costs that could arise if vegetation is sacrificed for new construction, according to Herron Todd White’s rural director Tim Lane. Read more

$58m sale a sign of confidence in Darwin

Posted on Tuesday, December 13 2011 at 1:47 PM.

A recent sale of a Darwin high-rise has set a new record for commercial buildings. Read more

Accidental damage by tenants on the rise

Posted on Tuesday, December 13 2011 at 11:36 AM.

Accidental damage claims are outweighing malicious damage claims, proving that bad tenants aren’t the only damage culprits, according to landlord insurer Terri Scheer. Read more

Four big banks slammed for not helping first homebuyers

Posted on Friday, December 09 2011 at 4:15 PM.

In the wake of the controversy about the four major banks delaying their passing on of the Reserve Bank’s full interest rate reduction, RateCity has called on the banks to offer First Home Saver Accounts. Read more

$10,000 building grant buyers must act now

Posted on Thursday, December 08 2011 at 9:53 AM.

To access the Queensland Government’s $10,000 Building Boost, new homebuyers need to act now, despite the January 31 deadline, according to the Sunshine Coast building industry. Read more

New asbestos legislation from January

Posted on Wednesday, December 07 2011 at 5:08 PM.

Fines of up to $60,000 could be dished out from January 2012 for workplaces, including unit buildings, not complying with new Federal Government law changes on asbestos, according to Archers Body Corporate Management director Andrew Staehr. Read more

NT cattle farmers hold breath for interest rate savings

Posted on Wednesday, December 07 2011 at 4:57 PM.

The drop in the official interest rate down to 4.25 per cent yesterday may provide some relief to small property holders if the big banks decide to follow suit, however for big landholders with business finance it could mean the ability to continue holding in a climate of slow sales activity. Read more

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