Adelaide breaks new record for houses, unit prices
South Australia and Adelaide have beaten the typical third quarter slowdown, as the latest quarterly data show new record highs for both house and unit prices. According to the Real Estate Institute of South Australia (REISA), the state’s median house prices posted a 9.66% annual increase and 1.49% quarterly increase over the September quarter. REISA […]
Why Perth is an ideal market for investors expanding their portfolios
Perth is shaping up to be a bright spot for property investors who would like to expand their portfolios. Momentum Wealth finance team leader Caylum Merrick said recent market indicators are pointing to a strong outlook for Perth. “With Perth property values recording sustained growth over the past 12 months, many owners have benefitted from […]
Fixed rates are rising — should investors do the switch?
Experts are urging investors to study the market and plan their next steps carefully before seeking changes to their current mortgage rates. Given the predictions that the Reserve Bank of Australia (RBA) will raise the cash rate by as early as next year, lenders are gradually increasing their fixed rates. The most recent move was […]
Wrong timing for Victoria’s new property tax, groups say
Property groups are slamming the Victorian government’s plans to introduce another property tax. The state government is set to push for the legislation of the proposed windfall gains tax, which is expected to pass through the Legislative Council. Announced as part of the Victorian Budget 2021/22, the new windfall gains tax will see 50% of […]
How investors can take advantage of pre-Christmas slowdown
It may be finest for property traders and would-be householders to make the most of the pre-Christmas lull to interrupt into the market, says an professional. PropertyBuyer CEO Wealthy Harvey stated the pattern of demand outpacing provide continues to be persistent, permitting costs to proceed climbing. “My recommendation is to make the pattern your buddy […]
Busy residential construction predicted for 2022
The residential building sector will proceed to stay busy subsequent yr, as pent-up demand as a result of lockdowns rolls out. Housing Trade Affiliation chief economist Tim Reardon stated it seems the curiosity in direction of decrease density housing stays heightened and can proceed to be so over the approaching yr. “This shift is not […]
Buying Your First Investment Property in Melbourne?
While the prospect of purchasing your first investment property in Melbourne is thrilling, it also entails a degree of complexity and stress that you may not have anticipated. There’s a lot more to it than just writing your name on the dotted line. It’s easy to become overwhelmed by the procedure, especially if you’re unfamiliar […]