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Australia's banking regulator just removed a rule that's played a crucial part in the housing downturn

January 4, 2019

Finance Property and Investment News Pros & Cons Strategy

The Australian banking regulator will remove restrictions on interest-only mortgage lending for some Australian banks from January 1 next year. APRA says macroprudential restrictions have “helped to reduce the risks associated with the high level of household indebtedness, subdued household income growth, low interest rates and strong competitive pressure”. It warned banks to “maintain prudent […]

Subcontractors are the human face of a construction industry in crisis

January 1, 2019

Building Property and Investment News Pros & Cons Strategy

Key points: Almost 1,700 construction businesses went bust last year, with big companies starting to fail Subcontractors are caught in the middle of collapses due to outstanding debts The Sydney and Melbourne property bust is set to make the situation worse A booming housing industry and large infrastructure projects in Sydney and Melbourne have helped […]

Alleged Melbourne landbanking scheme Askk that raised $10m frozen by court

January 1, 2019

Property and Investment News Pros & Cons Strategy

The Federal Court of Australia has frozen a suspected land banking scheme in Melbourne that raised more than $10 million from investors, after an application by the Australian Securities & Investments Commission.The scheme is operated by Broadmeadows-based Askk Investment Group. It sought to raise money for a site known as Lot 2, 615 Hume Highway Beveridge, about […]

GR Homes liquidation leaves Hunter family in limbo

December 4, 2018

Building Central Coast Region Property and Investment News Pros & Cons

Mayfield’s Ruth Larkin and Amie Wilson were excited to hear in September that their new home, which had been under construction for the past 12 months, would be completed early. But just two months later, they fear they will soon have nowhere to live. “We were preparing to have a beautiful Christmas in our new home,” Ms Wilson […]

Buying off-the-plan turns into a nightmare for Surry Hills couple

November 27, 2018

Greater Sydney Region New South Wales Property and Investment News Pros & Cons Strategy

Apartment buyer Tom Christensen, 31, said buying a Sydney unit off-the-plan has left him “scarred”. He and his partner bought the inner city property four years ago for $1.65 million and despite being contracted to be completed in 2015 it was only finished this year. “If we’d settled when it was supposed to be built […]

Third of new units worth less than owners have to pay for them

November 27, 2018

Building Greater Sydney Region New South Wales Property and Investment News Pros & Cons Strategy

Nearly a third of Sydney’s newly completed units are now worth less than what their buyers will have to pay for them. Many of the homes were purchased at inflated prices agreed during the housing boom two years ago but dropped in value as the market slumped over the time it took to build them. […]

Residents seek compensation from 'house of horrors' boarding home

November 26, 2018

Boarding Houses New South Wales Property and Investment News Pros & Cons Strategy

It has been 11 years since the first disturbing allegations began to emerge from the Grand Western Lodge boarding house in the small town of Millthorpe, near Orange, but the residents’ stories still send a shiver down the spine. ”The residents have told us how they were bashed up, told us how they lived in […]

Vacancy rate creeps back up in Sydney, down in regional NSW

November 22, 2018

Central Coast Region Greater Sydney Region New South Wales Newcastle Area Property and Investment News Pros & Cons

The October 2018 edition of the REINSW Vacancy Rate Survey showed metropolitan Sydney vacancy rates were down 0.1 of a percentage point over the month to 2.1 per cent. Leanne Pilkington, president of the REINSW, said there was a slight slowdown for those looking for rental accommodation in Inner and Middle Sydney as its vacancy rate increased, […]

Australian sustainable design: The challenges, what we’re getting right, and where to from here

November 19, 2018

Building New South Wales Property and Investment News Pros & Cons Queensland Strategy Tasmania Victoria

The drive behind building more environmentally friendly residential homes is coming from individuals, not government bodies, and cookie-cutter developments are holding us back, according to a think tank assembled to address the issue of implementing sustainable design. The chair of the discussion, organised by LG Electronics, was architect and TV host Peter Maddison, who argued […]

Sydney needs more boarding houses

November 12, 2018

Boarding Houses Greater Sydney Region Multiple Income New South Wales Property and Investment News Pros & Cons

  I was a town planner at the former City of South Sydney in the mid-nineties when brothels became legal. Brothel operators could apply to legalise brothels that had been operating for decades. I remember someone objecting to a “proposed” brothel in East Sydney, saying it would be a disaster for her neighbourhood if that […]

The Central Coast is proving to be a top performer in property during Sydney shift

September 11, 2018

Central Coast Region Property and Investment News Pros & Cons Strategy

THE Central Coast property market is not only among the fastest-growing in the country, we also stand head and shoulders above the Sydney market. Such is the strength of our real estate portfolio, the Coast has been recognised as one of the top 10 regions in Australia for capital growth — and there is no […]

Australia's housing downturn is deepening as prices fall across most parts of the country

September 3, 2018

ACT Region New South Wales Property and Investment News Pros & Cons Strategy Tasmania Victoria

Australian home prices fell for an eleventh consecutive month in August, led by declines in a majority of capital cities. According to CoreLogic’s Hedonic Home Value Index, Australia’s median home price fell 0.3%, adding to a 0.6% drop recorded previously in July. That took the decline over the past three months to 1.1%, leaving the […]

5 things you can do to protect your rental property

August 23, 2018

Property and Investment News Pros & Cons Strategy

Whether you’ve just purchased your first investment property or if you’re juggling multiple rentals, as with many things in life, the unexpected can and will happen. For peace of mind – and to save you time and money – it pays to be prepared and plan ahead to protect your rental property. There’s no time […]

Reliable returns and low holding costs on offer from this ‘disappointing’ state

August 23, 2018

Property and Investment News Pros & Cons Queensland

While one expert has labelled this state as “disappointing” with a lack of high returns, he did say it makes up for it inconsistent returns. Not all areas can be high performing for property investors – there have to be some underperformers. According to Simon Pressley at Propertyology, the state of Queensland’s market is disappointing […]

Extremes of Australia’s property market growth and decline revealed

July 17, 2018

ACT Region New South Wales Property and Investment News Pros & Cons Queensland Strategy Tasmania Victoria

The disparate state of Australia’s property market has been laid bare in a new report, with prices in some markets falling by 7.4%, while others are booming, with price growth of just over than 16% year-on-year. The latest realestate.com.au Property Outlook Report, released today, shows on average prices across Australia have increased by 0.9% in the […]

What is a dual-income investment?

July 9, 2018

Dual Occupancy Property and Investment News Pros & Cons Strategy

Earning two incomes from the one property sounds like every investor’s dream come true, but is there more to dual-income investments than meets the eye? A dual-income investment is effectively what is says on the tin – a property that provides two incomes to an investor, by way of two separate rental agreements. It may […]

Australia Number Two on Real Estate Transparency Index

July 4, 2018

Overseas Investment Property and Investment News Pros & Cons Strategy

The ease of doing business in Australia with its stable and transparent regulatory and legal systems has secured Australia’s place near the top of a global transparent real estate market index. Australia is the most transparent real estate market in Asia Pacific and the second most transparent real estate market in the world, according to […]

How long it takes for Sydney first-home buyers to save for an entry-level home, Domain data

July 2, 2018

New South Wales Property and Investment News Pros & Cons Strategy

First-home buyer couples need to spend an average of six years and eight months saving a deposit for an entry-level house in Sydney, new data shows. Solo savers take double that time – 13 years – to get a foot in the market. Facing the highest property prices in the country, couples spend eight months longer saving than Melbourne first-home […]

'Rent-vesting' not all it's cracked up to be

July 2, 2018

Central Coast Region Finance New South Wales Property and Investment News Pros & Cons Strategy

If you are a renter and a landlord at the same time, you’re a “rent-vestor”. It’s often touted as the best of both worlds, allowing you to live where you want in a rental property, while someone else pays off the mortgage on your investment property. But perhaps it’s not all that it’s cracked up […]

5 things you probably didn’t know about ‘rentvesting’

July 2, 2018

Property and Investment News Pros & Cons Strategy

  Rentvesting – which allows you to rent a home where you want to live and buy elsewhere – isn’t exactly a new term, but if you’re a newbie to the property market there’s likely a fact or two about this savvy buying strategy that may surprise you.Gateway Bank CEO Paul Thomas helps us uncover […]