Are you a winner in this budget?
By Graeme Salt This budget really created winners and loser. It is a first step in tilting the balance in favour of younger, working Australians trying to buy their first home. For decades, the housing market has been geared in favour of older investors such as me. The budget will sweep away many of the […]
Super Budget Wins
By Graeme Salt Self-managed super funds (SMSF) may become the surprise winner in the budget, with investors emerging with relatively superior tax treatment. In the budget, Trusts will be subject to a 30 per cent tax rate. However, the Albanese government has left intact the ability of SMSF (itself a Trust) s to borrow – and […]
Is now a good time to buy?
By Graeme Salt This week I spoke to a client whose borrowing capacity has been reduced from $480k to $300k. Granted this client was looking to buy an investment property (and had been relying on negative gearing). But her experience is relevant to us all. The property market has been primed for a reset for […]
$250,000 less – that could be this budget’s impact on your borrowing capacity.
By Graeme Salt This week’s budget made a number of key announcements, one of which was to remove negative gearing benefits for newly purchased properties except for brand new properties. This difference between old and new will have a huge impact on your borrowing capacity due to the different way banks assess the impact of […]
Beyond the headlines, there’s still growth. But where?
By Graeme Salt Forecast rate rises and the Iran War has added pessimism to the property market. But is it well-founded? Long-term research by Suburb Trends shows that some locations are under-performing while others over-performing, despite recent declines if consumer confidence. Australia has many different property markets, whose economic performance tends to revert to the […]
You have agreed to buy your new home – now what happens?
By Graeme Salt Settling on a property can be one of the most stressful exercises you will have to go through. In Australia, many contracts expect there to be 42 days (six weeks) between exchanging on a property and settling. This allows time for everyone to get their ducks in a row. Things like: The […]
There are markets within markets.
By Graeme Salt If someone tells you the Australian property market is dead, they could be both right and wrong at the same time. If someone tells you the Sydney property market is dead, they could be both right and wrong at the same time. Even in a flat market, certain locations can show stellar […]
Are we heading for a property bloodbath?
By Graeme Salt This weekend auction clearance rate fell to 60.9 per cent, according to research house Cotality. Such a low figure can imply there are more sellers on the market than buyers; often a pre-cursor to a price drop. In the current climate (rate rises and Iran war) this is far from surprising. Such […]
Changes Help Buyers
New legal changes in our largest states aim to make things easier for would-be home buyers. This comes after so many potential purchases have been majorly disappointed in the past. In NSW In Victoria Both these changes are in the favour of purchasers. NSW has been plagued with stories of agents underquoting on likely sale […]
Can anybody see property stop growing?
By Graeme Salt The total value of residential dwellings in Australia is now $12,307.2 billion according to the Australian Bureau of Statistics (ABS). How much of your wealth is tied up in property? According to the ABS there has been an increase of $384.8 billion since the previous quarter. While the value of Australia’s property […]