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Category Archive for 'Finance'

The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000.    The city’s middle and outer suburbs were the main growth drivers in […]

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  Australian vendors selling a property for more than $750,000 must prove they are not a foreign resident by obtaining a clearance certificate through the ATO from July 1. Here’s why: Several years ago, the Federal Government introduced measures to curb overseas investment in Australian residential property. The goal was to deter these investors from […]

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RBA Leaves Rates On Hold

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Headline inflation rates, having moved higher over the past year, have declined recently in response to lower oil prices. Wage growth remains subdued in most countries, as does core inflation. Further increases in US interest rates are expected […]

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In the 2017-2018 Federal Budget handed down by Treasurer Scott Morrison on the 9th of May 2017, the Government proposed changes to the Taxation Laws. From 1 July this year, all travel deduction relating to inspecting, maintaining or collecting rent for a rental property – previously allowable – will be disallowed. This is relevant for […]

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Even before the 2017 state budget was handed down by Tim Pallas, the Victorian real estate fraternity was twitching with anticipation. Where would the government give and take? Well, it’s all out in the open now, and it seems property investors are the hardest hit by the latest budgetary measures in the government’s attempt to […]

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Autumn market update

Following the Reserve Bank meeting this month, the cash rate was left unchanged at 1.5 per cent. The chance of a rate cut to 1.25 per cent was at 9.0 per cent according to the ASX RBA Rate indicator, however the rates were left on hold. Auctions have continued strongly in the March 2017 quarter […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Headline inflation rates in most countries have moved higher over the past year, partly reflecting the higher commodity prices. Core inflation remains low, as do long-term bond yields. Further increases in US interest rates are expected over the […]

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The devastation wrought by Cyclone Debbie reinforces the need for all home and commercial property owners to ensure they have adequate house and contents insurance. But it’s not even catastrophic natural events that we all need to be covered for. It can be the simple things, like a leaking washing machine, a fallen branch or […]

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Melbourne’s median house price has recorded its strongest quarterly price growth since 2013 to smash the $800,000 barrier for the first time, new data from the REIV shows. The citywide median increased 7.6 per cent in the first three months of 2017 to a record high $826,000 – up more than $55,000 on December figures. […]

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Auctions started strongly in 2017 with 3,214 auctions held in February, the highest February on record. The local government areas of Glen Eira (179 auctions), Boroondara (162 auctions), Kingston (156 auctions) and Stonnington (153 auctions) had the highest number of auctions in February 2017, with all but Glen Eira reporting a clearance rate of over […]

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