Call now: 1300 793 143
According to Australian Property Monitors' Quarterly Housing Report, house prices achieved modest growth in the December quarter to complete 2010, but recovery will appear through the second half of 2011.
These days it is impossible for anyone to predict when it is the right time to purchase a home. Just simply wait for the right property to purchase. Melbourne's population is increasing at a faster rate than many other capital cities leading to increase in house prices by over $750,000 over the last three months.
To live among Melbourne's rich & famous is costing more than $1000 a month this year compared to last year. Despite the economic downturn people who have chosen to move into Melbourne's elite suburb of Toorak have to pay an average of almost $1300 a week more than last year.
According to a list of the country's 200 hottest suburbs Tasmania's Clarence City is Australia's best property bargain. According to a report in Australian Property Investor Magazine, Investors can pick up an average house in Clarence City Suburbs of Clarendon Vale and Rokeby to Hobart's east for just $178,000.
As a negative gearing frenzy grips the property market landlords are claiming $11 billion in tax deductions a year. The richest potential deduction for individuals is about four times the amount claimed 10 years ago.
To say that Australians love property would be an understatement. We have one of the highest home ownership rates in the world and we have one of the highest investment rates in the world.
According to two national forecasters the race is on for residential investment properties.
Due to the financial turmoil middle and high-end owners have avoided listing their properties and subsequently home sales have plummeted. The Australian reported that although the proportion of auctioned properties being sold continued to improve, the property volumes reveal a grimmer picture.
Despite a surge in first-home buyers capitalizing on low interest rates and grants the property market has slowed down dramatically with sales crashing to less than a third of last year's levels.
After a meltdown in the nations $30 billion unlisted property trust sector, about 6 billion has been wiped from the value of mum and dad investments.
Rental returns that exceed the cost of the mortgage are set to trigger a recovery in the housing market.
Research has found that the government's funding boost for first home buyers did little to arrest an eight per cent fall in residential property value during 2008.
In its final property pulse report for 2008 RP Data's leading property analysts- Tim Lawless and Cameron Kusher, combined to predict what their 2009 property hot spots would be for new buyers and investors. The hotspot selections are based on what they deem will be the best performing areas during 2009.
A Western Australian property expert has forecast that house prices will continue to fall in Perth in 2009. This will be followed by a flattening through to 2012.
One of the most important areas when considering a property investment is the selection of a tenant. It is not always advisable to select the tenant who offers the highest rent.
The City of Adelaide offers all the amenities of a big city, but is still small enough to reflect a rural charm due to its close proximity to surrounding farmlands, wine regions and the Adelaide Hills.
Step 1 - Do your research. OWNING property has always been the great Australian dream. Whether you are a first-timer or an experienced homebuyer, you need to ask yourself why you want to buy.
While housing affordability may well be at record lows it appears that the tide seems to be turning in favour of buyers. Buyers are taking longer to purchase and vendors need to be willing to lower their asking price. RP Data research director Tim Lawless said the changes in the property environment mean the time is ripe for property investors to get back into the market.
NATIONAL housing affordability has sunk to an all time low, but bargains can be had in decent areas where houses are selling for less than $200,000. "Investor battlers want areas with affordable houses and good prospects for growth," says property researcher Terry Ryder, who last month released a list of Australia's worst locations to purchase.
GREATER than 50% of small property investors are losing out on thousands of dollars each year because they are failing to accurately claim depreciation on their assets. Raine and Horne (CEO) Angus Raine said "Many investors either don't have an accurate depreciation schedule or an out of date schedule.
Not all providers in the market are included in the comparison.
Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.