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Monthly Archive for April, 2011

By allowing ordinary taxpayers to deduct their losses from investing in residential property against their other (mainly wage and salary) income, the current system provides a significant tax incentive for people to invest in rental accommodation across Australia.Encouraging this demand, by the simple laws of the market, does hold property prices higher than they would […]

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The March 2011 quarter Consumer Price Index (CPI) for the housing group, increased 1.3 per cent, compared to the all groups increase of 1.6 per cent. These figures increased 4.8 per cent and 3.3 per cent respectively over the twelve month period. Whilst the housing group is up from the 0.6 per cent level of […]

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Franchise owners for Australia’s largest independently-owned mortgage broker, Mortgage Choice, continue to meet people planning to buy property who have no idea their credit file may hold details that will see their home loan application declined. Some are unaware certain aspects of their debt history, including bill defaults and applications for loans and credit cards, […]

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In the minutes of the monthly monetary policy meeting on April 5, the RBA said its board had noted that loan rates facing businesses and households were “a little above average levels”, thanks to earlier official rate increases.The RBA said that was appropriate, given the need to keep inflation consistent with the two to three […]

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Undeterred by a steady cash rate, abundant retail store sales and holiday destination discounts, many Australian borrowers are determined to save these Easter holidays. A national survey by Australia’s largest independently-owned mortgage broker of first homeowners who purchased in the last two years found 32% will spend less during the Easter holiday period compared to […]

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When you come to leasing your property there is little that is more important than the Condition Report. Why ? Because this document and the associated photographs determine the condition of the property at the commencement of the tenancy. Often owners are too focused on what their agent charges in terms of letting fees rather […]

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‘Wall of money’ flowing back

OVERSEAS money is increasingly driving the recovery of the Australian commercial property market, with net foreign investment last year at its highest level since 1994, according to research from Jones Lang LaSalle.Combined with the steady growth of superannuation money and the repatriation of funds from the sale of offshore assets by Australian investors, a big […]

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If you’re struggling with mortgage repayments, dealing with it early can lead to a much better outcome. The rising cost of living, higher interest rates and the financial stretch to buy a home in the first place are believed to be behind a surprise spike in mortgage arrears in the last quarter of 2010. With […]

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Having just returned from attending a Real Estate Conference in the USA, Sandhurst Residential Real Estate Director, Peter Righetti made some interesting observations. “The US property market is not is good shape” Mr Righetti said. “Small pockets such as New York are doing better than most, but the majority of their housing market is really […]

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REITs feel the strain as $A soars

BROKERS are predicting share buybacks and earnings downgrades in real-estate investment trusts because of the strong Australian dollar and a slowdown in transactions.Another concern is the repatriation of funds to Australia, although analysts are not expecting a wholesale decline in real estate investment trusts after a buoyant few months.Westfield Group is one of the first […]

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