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Category Archive for 'Market Updates'

REIA recently released the REIA Real Estate Market Facts for the September quarter 2016 which shows that the weighted average capital city median price increased by 1.4% for houses and 1.6% for other dwellings. “The weighted average median house price for the eight capital cities is now $712,776. Reflecting the differing fortunes of state economies, […]

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Most mortgagees will refinance their home loan several times over the period of the loan. In fact, loan experts agree it’s important to reassess your loan every 5 years or so to ensure you are still on the right financial path. Be careful though, many borrowers make one of more of the following mistakes when […]

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Did you know we reside in the world’s most liveable city? Yes, that’s right, Melbourne has been honoured with this accolade by the EIU for the last six consecutive years. The Economist Intelligence Unit (EIU) is a British business providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is continuing its transition following the mining investment boom. Some slowing in the year-ended growth rate is likely, before it picks up again. Further increases in exports of resources are expected as completed projects […]

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The 2016 spring property market is delivering everything home sellers desire: solid price growth, high clearance rates and strong buyer demand. September quarter median house figures published by the REIV also indicate a positive and growing market. Melbourne’s median house price increased 3.25% since June to settle at $740,000. The inner and middle suburbs were […]

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The tax benefits from depreciation on an investment property can be extremely valuable, but are often overlooked by some landlords. The issue is that some investors either aren’t aware of the benefits associated with depreciation, or they don’t have an up-to-date depreciation schedule. The Australian Taxation Office (ATO) allows property owners to claim the wear […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is growing at a moderate rate. The large decline in mining investment is being offset by growth in other areas, including residential construction, public demand and exports. Household consumption has been growing at a […]

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Whilst Melbourne’s property market is hot right now, every now and again a single property doesn’t seem to sell. If this is your house, don’t despair. Try asking yourself these three simple questions and you’re likely to find the answer: 1. Is the price right? The number one determining factor for selling a property is […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued. Low interest […]

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Small period homes are surging in value across the inner ring in recent months – as reflected in current data compiled by the REIV. In recent months, period homes in inner Melbourne have sold for as much as $10,000/square metre as buyers focus on securing small, character home in good locations. The most sought after […]

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