Impact of Labor’s tax changes on the apartment market.
If Labor wins next month’s election, its property tax changes will take effect from 1st January 2020. Almost exclusively these changes are aimed at investment property owners and tenants, but they will undoubtedly impact capital and rental values in the broader property market. Let’s quickly recap what those changes are. 1. Negative Gearing Any existing…Read More→
Apartment market update… December 2018
There are several factors driving the market at the moment but the single biggest issue across all categories of property is finance. By this I mean the difficulty for a buyer to borrow money. The banks and second tier lenders have all tightened up there lending practices by increasing the level of documentation and scrutiny…Read More→
How to sell your apartment in a weaker market
You want to sell your apartment but you’re worried it is perhaps not the right time given the market is weaker. Firstly if you are selling and buying in the same market conditions, then it is a net sum game given you may sell for less than you hoped, but you will also buy cheaper….Read More→
David Dawon
01: Ray Wood
What is my property worth?
Ah yes…. the big question… A discussion about property values reminds me of the story about friends at a bar trying to remember things like football players’ numbers, or songs by a particular artist. If someone googles the answer that’s the end of the conversation. Those friends don’t desperately need to know the answer, they…Read More→
Well I’m confused…
Do we need more or less housing? In the heavy weight title fight for “housing needs” we have in the red corner “Affordable Housing” wanting cheaper housing (and more of it to bring prices down)… and in the blue corner is “Too Many Apartments” championing the case for less apartment developments expertly coached by Tabloid…Read More→
Australia and Chinese Love Affair
Australian apartments and Chinese investors have been in a long distance love affair for years but is cupid’s arrow misfiring? Or does her love potion have an antidote by the name of Australian Prudential Regulation Authority (APRA), State Governments, Banks, media commentators or even the Chinese Government? Whatever the reason the volume of Chinese property…Read More→
Apartment market shake up
If you are thinking about buying an apartment “off the plan” you better hurry as one of the key financial incentives is about to disappear. On 1st July 2017 the stamp duty concession for “off the plan” investment apartments will disappear for both domestic and foreign purchasers. For many years developers have promoted “off the…Read More→
Twist to stamp duty for “off the plan” sales
The changes to Victorian stamp duty laws coming into effect on 1st July will shake up the investment metrics of buying a new apartment “off the plan” vs buying an existing apartment. For the next 10 weeks (up to 30 June) you can buy an “off the plan” apartment and avoid most of the stamp…Read More→
Who do you think is right?
There are two very conflicting stories running on the housing market. A. Homes are unaffordable B. There is a large supply of apartments So which one is it? Or is it possible they are both true? On a weekly basis there is a story on how housing is unaffordable for many people, and the…Read More→
Why Property is looking good
Money in the bank on 12-month term deposit earns about 1.8% Forecast inflation is about 1.5% The RBA’s official cash rate is 1.5% Australia’s 10 yr Gov Bond rate dropped over night to 1.84% (lowest ever) In a recent speech, the Chair of Australia’s Future Fund and former Treasurer Peter Costello, said earning our target return…Read More→