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February 12, 2016

Value of home loans reaches record $1.46 trillion

A rise in the proportion of first-time homebuyers in the market in December, as well as a jump in home loans being taken out by owner-occupiers, could indicate that housing’s becoming more affordable thanks to softer conditions in property markets according to head of banking business act. Amanda Watt.

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Expect the unexpected from property this year

Wouldn’t it be great to know how our property markets are going to perform this year?


It certainly would, but my many years as a property investor have taught me not to try too hard to predict our markets year by year but instead to take a long-term view, then allow for cycles around this long-term trend and be prepared for uncertainty, surprises and the unexpected.
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February 10, 2016

REIA advocates for affordable housing, stamp duty and negative gearing

The Real Estate Institute of Australia’s (REIA) pre-budget submission to government focuses on housing affordability and taxation relating to property.

As the nation’s economy transitions from resource investment growth to other drivers, the REIA’s submission highlights that dwelling investment has been a significant contributor to Australia’s economic growth. Nevertheless, this has been at the cost of first homebuyers, REIA president Neville Sanders explains.
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NSW strata by-laws – what investment property owners need to know

The new strata laws will make a number of significant changes to the making and enforcement of by-laws. Although the announced commencement date of July 1, 2016 is likely to be postponed, investment property owners need to be getting ready for the changes.


An owner of an investment property that’s a strata unit has an interest in ensuring the building has appropriate by-laws and that they’re properly enforced.

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February 8, 2016

Industry awards to showcase best of the best

Inspiring people, iconic buildings and innovative projects are vying for prestigious property awards, after 136 finalists across the nation were named ahead of the 2016 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards in June.
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February 5, 2016

Auction numbers low compared to last year

So far this year, auction volumes have been rising at a slower rate than last year, which may be due to a softening in vendor confidence as housing market conditions settle down after more than three years of strong capital gains according to CoreLogic RP Data. Read more →

10 lessons you can learn from the rich and successful

Have you ever looked at the BRW Rich List or reports on the richest people in the world and wondered what they were doing that you’re not?


Well… they’re probably doing things very differently to you according to my good friend and bestselling author Tom Corley, who conducted a five-year study of 233 wealthy people and 128 people living in poverty, and then wrote the book Rich Habits.
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February 3, 2016

2015 was record year for new home approvals

ABS figures released today confirm that new home building approvals recorded their strongest ever year during 2015.
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February 2, 2016

RBA holds cash rate in first announcement for 2016

Reserve Bank of Australia (RBA) governor Glenn Stevens announced in a statement this afternoon that the cash rate will remain at 2.0 per cent.
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February 1, 2016

NSW Tenancies Act set for review

The way forward for New South Wales’s 800,000 rental properties will be determined by the state government following consultation with key stakeholders, according to the Real Estate Institute of New South Wales (REINSW). Read more →

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