Investors warned of rising spruiker activity

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Nila Sweeney| Australian Financial Review| 21 November 2019 https://www.afr.com/property/residential/investors-warned-of-rising-spruiker-activity-20191119-p53byy Property investors and home buyers are being warned about the rising spruiker activity as the market recovery accelerates amid lower interest rates. Property industry lobby groups Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA) have alerted their members about the re-emergence of unscrupulous operators using …

Sydney, Melbourne prices to surge up to 15pc

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Nila Sweeney| Australian Financial Review| 14 November 2019 https://www.afr.com/property/residential/sydney-melbourne-prices-to-surge-up-to-15pc-20191111-p539ji Home prices across capital cities are forecast to surge by up to 11 per cent over the next 12 months, even without further interest rate cuts, driven by strong demand from buyers in the Sydney and Melbourne markets,  Christopher’s Housing Boom and Bust Report for 2020 shows. Sydney dwelling prices are …

Government mortgage guarantee scheme aims to help first home buyers enter the property market

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Nour Haydar| ABC Online| 28 October 2019 https://www.abc.net.au/news/2019-10-27/government-unveils-details-of-first-home-buyers-scheme/11644018 A Federal Government scheme to allow first home buyers to purchase a property with a deposit as little as 5 per cent will operate on a “first-in, best-dressed” basis. Key points: The Federal Government will offer loan guarantees for eligible buyers on low and middle incomes The scheme is aimed at helping …

Property prices in Sydney and Melbourne continue to soar

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Euan Black| The New Daily| 1 October 2019 https://thenewdaily.com.au/money/property/2019/10/01/property-boom-sydney-melbourne/ Fresh data has revealed property is booming again in Sydney and Melbourne. Home prices in Australia’s two largest cities rose 1.7 per cent in September, according to CoreLogic’s latest Home Value Index. The increases marked the fourth consecutive month of price jumps, and came before the Reserve Bank’s decision to slash …

Location, Location, Location: why up to two-thirds of property investors may get it wrong

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Maria Yanotti & Danika Wright| The Conversation| 15 October 2019 https://theconversation.com/location-location-location-why-up-to-two-thirds-of-property-investors-may-get-it-wrong-121735 he housing market is moving again. In the past month, national prices have climbed 0.9%. What matters most to buyers (and especially to investors), along with price and value, is location. The cliché suggests that in the long run that’s all that matters. So it would be unfortunate if …

Shop around to beat the banks’ ‘loyalty tax’

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Duncan Hughes| Australian Financial Review| 12 October 2019 https://www.afr.com/wealth/personal-finance/shop-around-to-beat-the-banks-loyalty-tax-20191010-p52zaw Fed up with paying the “loyalty tax” and watching new mortgage customers get a better rate? It’s time to shop around and make the best of those new deals yourself – either to switch lenders or persuade your own lender to give you a more attractive loan. A borrower with a …

Generation Rent: Aussies who fear they’ll rent forever

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Kirsten Craze| Daily Telegraph| 27 September 2019 https://www.news.com.au/finance/real-estate/generation-rent-aussies-who-fear-theyll-rent-forever/news-story/536bfb623c91856eb0416922617beced A growing number of Australians are becoming part of ‘Generation Rent’. Picture: Jason EdwardsSource:News Corp Australia Australia’s “generation rent” is a growing breed, but property and finance experts believe there is light at the end of the tenant tunnel for those who can think outside the box. More than a third of …

Styling your home for sale: Do you buy or hire the furniture?

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Louisa Simmonds| Domain| 26 September 2019 https://www.domain.com.au/living/styling-your-home-for-sale-do-you-buy-or-hire-the-furniture-881999/ Despite what market reports are currently claiming, two facts remain when it comes to selling: some vendors will always have to sell, and spring is one of the best times of the year to do it. However, in an uncertain market, vendors also need to consider their marketing costs more carefully, which begs …

Sydney median house price rises in June quarter

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Michael Bleby| Australian Financial Review| 17 September 2019 https://www.afr.com/property/residential/sydney-median-house-price-rises-to-875-000-20190917-p52s44 Sydney’s median house price rose to $875,000 in the June quarter, marking the first increase in a year as buyers returned to the market after the federal election and greater optimism about prospects for the property market. The higher median price – up from $870,000 in the previous three months – …

Home loan restrictions ‘torturous’, CEOs say

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Matthew Cranston| Australian Financial Review|26 September 2019 https://www.afr.com/policy/economy/property-lending-restrictions-torturous-chief-executives-20190926-p52v1y The chief executives of Australia’s biggest real estate companies are backing the government’s calls to break overly stringent lending restrictions to get credit flowing again and avoid a dangerous slowdown in construction. Speaking at The Australian Financial Review Property Summit in Sydney, the CEOs also demanded that the government start to act …