Archive for May, 2006

Melbourne property back on track

Monday, May 29th, 2006

Melbourne’s real estate market is the best it has been for five years, managing director of the Aussie Group, John Symonds said today.
Mr Symonds’ comments come as the latest Australian Bureau of Statistics figures show that the national housing market is on the up but remains fragmented, with prices in Sydney, the nation’s biggest market, [...]

Property still going wild in the west

Tuesday, May 23rd, 2006

PERTH’S galloping property market is making millionaires out of modest wage-earners and shows no signs of easing as the city’s median house price gains on Sydney, Melbourne and Canberra.
Perth house prices rose 24 per cent in the year to March and it takes just 18 days to sell a home, according to figures released by [...]

Rate rise fails to deter buyers

Tuesday, May 16th, 2006

HOMEBUYERS turned out in solid numbers at auctions across Sydney yesterday, wary but not deterred by the interest rate rise.
The 52.4 per cent clearance rate was slightly down on the previous Saturday’s 54.2 per cent, but the dip was not considered significant to last week’s .25 per cent rise.
Across Sydney, 145 properties were scheduled to [...]

Industry licks its lips after budget

Tuesday, May 16th, 2006

AN INFLUX of cash is tipped for the property sector after last week’s budget realigned the taxation of superannuation funds.
This is good news as it comes at time when property is back in favour with Australian investors, according to the latest Your Interest, Autumn 2006 national survey conducted by finance and investment company Elderslie Finance [...]

Budget rewards for property investors

Tuesday, May 16th, 2006

• Property investors are expected to receive an additional 33% in annual deductions from the ninth Federal Budget, according leading property tax specialist Napier & Blakely.
According to Napier & Blakely, the May 9th Federal Budget provided property investors with a major increase in property tax allowance.
Napier & Blakely, which sits on the Australian Tax Office [...]

Where is the “Real” in Real Estate?

Tuesday, May 2nd, 2006

Two years ago my family and I decided to move to the country. We rented our family home out and moved up to the mid-north coast of NSW and rented a nice home and acreage to see if we liked it before we sold up and moved.
We realized quite quickly the Sydney market had [...]