Blog

May 11, 2017 10:08 PM

How the Federal Budget Will Impact Property

In his column for Switzer, John McGrath discusses the implication of the latest federal budget on property. In this week’s Federal Budget, a range of measures were announced that should have a positive impact on the market in terms of increasing supply and helping young buyers purchase their first home. There has been a lot of pressure on both state and federal governments to ‘fix’ the affordability issue, so long as they don’t do anything to decrease property values as this would...

Feb 17, 2017 04:15 AM

CBA to raise some rates for interest-only investor loans

Commonwealth Bank of Australia (CBA) announced yesterday it was lifting some of its investor mortgage rates. CBA is raising rates for interest-only investor loans by 0.12% to 5.68% from April 3. Rates for Viridian line of credit mortgages, which allow customers to use their equity for other investments, rose by 0.04%. Ian Narev, chief executive officer of CBA, said investor lending remained strong during the first half of the financial year. First-half profits rose by 2.1% to a record...

Feb 17, 2017 03:54 AM

Choking negatively-geared loans could lead to a decline in dwelling prices

If the banking industry follows CBA-owned Bankwest and tightens the criteria for negatively-geared loans, it could lead to a major decline in dwelling prices in parts of Sydney and Melbourne, warns the economics writer Robert Gottliebsen. To illustrate his point, Gottliebsen pointed to Vancouver, British Columbia. During the first half of 2016, the city’s housing market was in “overdrive”. However, this January, dwelling turnover was down 40%; moreover, the prices of stand-alone houses...

Feb 17, 2017 03:46 AM

Sydney Auction Clearances Hit a 14-Month High

Sydney auction clearances hit a 14-month high Share via Email Share on Google Plus Post on facebook wall Share on twitter Post to Linkedin Share on Reddit Went for $200,000 above reserve: this four-bedroom house at 174 Albany Road, Stanmore, NSW sold for $2m at auction on ... Went for $200,000 above reserve: this four-bedroom house at 174 Albany Road, Stanmore, NSW sold for $2m at auction on Saturday. Mind The Gap Share on twitter Share on...

Feb 03, 2017 12:37 AM

SYDNEY'S 2017 AUCTION MARKET OFF TO A FLYING START.

The Sydney weekend auction season re-commenced on Saturday for 2017 after a five weekend holiday break and produced overall solid results for sellers from a small but reasonable early-season choice of homes. andrew-wilson Although auction numbers were predictably low for a late January holidays impacted weekend, the 55 homes listed were nonetheless higher than the 47 listings recorded over the same opening weekend last year. Low auction numbers can result in misleading insights into the...

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