Our BlogArchive - Posts from November 2016

Over 33% of Australians Plan to Buy Property: Survey

Posted on Thursday, 10 November 2016

More than one third of Australians plan to buy a property in the next two years despite concerns over higher living costs and rising interest rates, a survey shows. And 40 per cent of Australians plan to revisit their financial plans as the nation emerges with a more positive economic outlook, the survey, commissioned by mortgage broker Mortgage Choice, found.

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Renters Struggle to Find Property in Sydney

Posted on Wednesday, 09 November 2016

Rental property vacancies remain very tight in Sydney, according to the NSW Real Estate Institute (REINSW). The REINSW president Steve Martin said Sydney had not experienced an increase in the rental vacancy rate since July 2009. "In Sydney last month the available rental vacancy rate remained at 1.3 per cent, which means the market remains very tight," Mr Martin said.

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Four Things to Know about Adding Value to Property

Posted on Monday, 07 November 2016

by Alex Brooks, Fairfax. As I shake the gyprock dust out of my hair and splutter my way through an apartment renovation, I've been thinking about whether it's truly possible to "add value" by spending money on renovating property.

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Australians Keen to Invest in Property Market

Posted on Sunday, 06 November 2016

More than 70 per cent of Australians over the age of 25 believe the time is ripe for property investment. According to Citibank’s Australian wealth survey, 74 per cent think now is a good time to invest in property, while 40 per cent believe it is a bad time to invest in shares. Citibank’s Andrew de Graaff said Australians were beginning to see property as relatively risk free.

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Business Conditions, Confidence Rising

Posted on Saturday, 05 November 2016

Soaring business conditions have raised the prospect of a further interest-rate rise when the Reserve Bank of Australia (RBA) board meets in December. Money markets are pricing in a 75 per cent chance of another 25-basis-point increase in the cash rate, following the two quarter-point moves in October and December.

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Borrowers Shun Fixed Rates

Posted on Friday, 04 November 2016

The popularity of fixed rates continues to dwindle, according to Mortgage Choice. The brokerage’s October 2009 data shows fixed rate loans now account for less than 3 per cent of all new loan approvals, while the demand for variable rate loans has risen by two percentage points to 97 per cent.

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Investors to Spearhead Double-digit Price Growth

Posted on Thursday, 03 November 2016

The property pundits have been gazing into their crystal balls once again, and the outlook for the next few years appears rosy. A recent report from QBE Lenders Mortgage Insurance projects double-digit growth in median house prices for all capital cities until June 2012.

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Murdoch Sets House Price Record

Posted on Wednesday, 02 November 2016

Lachlan Murdoch has set the Sydney house price record of the year, after netting a mansion in the sprawling eastern suburbs for $23 million. The Bellevue Hill fortress, Le Manoir, owned by the French Government since 1956 was purchased by a savvy Mr Murdoch during a hotly contested auction in which nine parties were said to be interested including Russell Crowe and Nicole Kidman.

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'sold' Still the Cry despite Rates Double Whammy

Posted on Tuesday, 01 November 2016

Home buyers were blissfully unaffected by this week's 0.25 per cent rise in the interest rate, the second time the Reserve Bank has hiked the rate in as many months. The Real Estate Institute says that 81 per cent of the 498 properties up for auction this week sold.

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