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Residential property values in Australia continue to increase since June, providing exciting business opportunities for the savvy real estate investor.
Despite the lending crackdown imposed on Chinese investors for Australian property, Chinese buyers are flocking to Melbourne during China’s Golden Week.
Laing+Simmons managing director Leanne Pilkington said that the Reserve Bank of Australia’s decision to leave the interest rate unchanged at 1.5% is the right call, citing several reasons.
Many home sellers are putting their capital gains tax exemption in jeopardy when they use their home to produce income.
More than 30,000 homes were built in Sydney during the 2015-2016 financial year, yet experts say that this level of home building still is not enough to improve affordability in the city.
According to the latest data from property consultant CoreLogic, the index of home prices for the combined capital cities climbed 1% from August.
The WA state government’s Keystart Housing Scheme Trust has sold Bendigo and Adelaide Bank $1.35 billion-worth of standard variable-rate residential home loan debt at 0.2% premium.
With a median dwelling price of $470,000, Brisbane has cemented its place as the most affordable capital city to buy property in.
Only 4.9% of total dwelling stock nationally transacted over the 12 months to June 2016, meaning it would take around 20.5 years for the total national housing stock to turnover.
A property developer believes that the urban renewal project for Fishermans Bend will be a key driver for the development of Melbourne’s future planning policies.
A new report has revealed that South Australia’s largest homebuilders saw marked improvement in activity levels during the 2015/16 year.
Purchasing a property in South West Sydney may be more difficult as one real estate firm highlights a resurgence in Chinese investors in the area.
The number of houses and units resold at a loss in both capital cities and regional areas increased over the June quarter.
Chester, a luxury apartment developed by Kokoda Property in Brisbane’s Newstead suburb, has recorded a total of 135 sales amounting to $94.9 million in just two months.
Six out of eight Australian capital cities have a median price that cannot be afforded by an average single income household.
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