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Property News
13 August 2008
SHOULD WE WAIT TO BUY?
Many selecte virtually assured, provided Many homebuyers think that if they put off buying a property for a bit longer, they are likely to secure themselves a 'bargain' as the market declines. ...
08 August 2008
STATE GOVERNMENT MUST BE KEPT TO PROMISE TO ABOLISH STAMP DUTY
REINSW has congratulated the commitment by the NSW Government to abolish stamp duty if a federal review of tax recommends it be scrapped. "This is a great step forward however ther...
16 July 2008
THE BEST TIME TO SELL
Home owners often talk about ‘selling at the right time’. By this they usually mean when the market is good for sellers. But there is another sense in which timing is important. M...
19 June 2008
Paying off your mortgage Q & A
My wife and I are both 35. I earn $115,000 and she has recently returned to work part-time after having a child and being ill. She is now earning $25,000. The house we live in is in my name, wor...
09 June 2008
Land tax up, but drop in overall tax burden
The overall share of state taxes paid by the property industry will go down for the first time in almost a decade, despite land tax levies increasing by 28.1%. The Property Council of Australia&rsquo...
22 May 2008
What if I cant get my price?
Is it ever financially sound to hold onto a property that doesn't reach the desired price rather than sell for less? Agents often hear home owners say: "If I don’t get my price, I’m ...
01 May 2008
Incidental Costs of Property Purchase
Most people know that the cost of buying a property is more than the amount they pay to the real estate agent. But how much more? Individual contracts of sale can vary and level of borrowing affects ...
15 April 2008
Land tax cuts won't bring savings
Soaring land values will cancel out any savings from reduced land taxes, according to economic modelling by the Property Council of Australia. The Victorian Government has halved the top ...
11 April 2008
Crazy Predictions for Headlines Sake????
Last week BIS shrapnel told us to expect 40% growth in house prices in the next five years. This week Morgan Stanley tells us that we can expect a 50% drop in house values in some areas following th...
12 March 2008
Sydney is Severely Unaffordable
Dermographia survey - Australian and New Zealand homes are the least affordable in the world according to the 4th Annual Demographia International Housing Affordability Survey. In this surve...
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