CommSec State of the States January 2016 CommSec have a great quarterly report to put the performance of each state and territory into perspective by benchmarking against decade averages. They use measures available in the public domain to correlate with key economic indicators. This is sophisticated information for professional property investors. “NSW has retained top […]
Rental report March Quarter 2015 Dr Andrew Wilson Senior Economist – Domain Group “Upward pressure on rents is set to continue through 2015 in most capitals with the exception of Perth and Darwin. The prospect of lower interest rates, relatively high comparative yields and capital growth will continue to fuel residential investor activity, particularly in the Sydney […]
Newcastle’s fringes are for the savvy investor: HTW Affordability is driving Newcastle property market. According to HTW it is at the top of the market now. Population growth is forecast to continue to be strong and demand for new housing. “According to the New South Wales Department of Planning and Environment’s Demographics Unit, in 2011 there were […]
Australian debt reaches ‘historic highs’ “An analysis of data released by the Reserve Bank of Australia has revealed that household and housing debt to disposable income is continuing to soar.” High housing prices make for enforced savings of a great portion of our incomes. This can cause financial distress for some. “Importantly, mortgage arrears remain […]
Rents continue to rise despite national building boom “Rents in most capital cities continue to rise due to an ongoing shortage of rental properties, according to the March Domain.com.au Rental Report. Unit rents increased in Sydney, Melbourne, Brisbane, Hobart and Canberra over the March quarter, the report revealed. ” http://www.brokernews.com.au/news/breaking-news/rents-continue-to-rise-despite-national-building-boom-214165.aspx
ATO releases long-awaited LRBA guidance Professionals are scrambling to ensure SMSF trustees are compliant with new rules which are touted as “kiss of death” for some related party loans. The key pieces for property loans are quoted below or you can read the full article by clicking on the link. “On interest rates for real […]
http://www.ifa.com.au/news/15925-professional-standards-to-improve-vertical-integration-concerns?utm_source=IFA&utm_campaign=01_04_16&utm_medium=email&utm_content=1 Note: Commentary by the executive director of the The Ethics Centre, Simon Longstaff about financial planning as a profession. Is this the path for property investment advice?
Regional Population Growth, Australia, 2014-15 Media Release 30 March 2016 Melbourne our fastest-growing capital Melbourne is officially Australia’s fastest growing capital city, according to data released today by the Australian Bureau of Statistics (ABS). Melbourne’s population grew by 2.1 per cent in 2014-15, down slightly from 2.2 per cent last year, but still higher than […]
Released on: 31-Mar-2015 The Real Estate Institute of Australia also welcomed the discussion paper but does not share John Symond’s view of negative gearing; president Neville Sanders commented: “We are pleased that the paper dispels common misunderstandings about negative gearing. The report states that ‘negative gearing does not in itself, cause a tax distortion’ and […]
Released on: 20-Mar-2015 The Federal Government is considering introducing new legislation tightening the legal definitions, closing loopholes and introducing a new range of penalties for inappropriate buying or selling of existing and new residential real estate in Australia. It is proposed there will be civil penalties for foreign nationals who don’t comply with the law […]