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South Australia to see ‘mini property boom’: Land Services SA

After the property market has witnessed a lull in activity as a result of the COVID-19 outbreak, South Australia is expected to experience a “mini property boom”, aided by the federal and state government support for new homes. The government’s support for new homes c...

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Lender slashes LMI costs for FHBs

A major bank-owned lender has...

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Impact on Property ‘Unclear’ as Unemployment Rate Hits 10pc

Unemployment is expected to rise to its highest rate in almost thirty years, with new figures forecasting the rate to increase from 5.1 per cent to 10 ...

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Home sellers in parts of Sydney netted profits of more than $600,000

Homeowners were reselling their properties for more than $600,000 above the prices they paid for them in pockets of Sydney before coronavirus hit. An analysis of sales recorded over the December quarter showed about 92 per cent of Sydney vendors made a profit on their resales, but the ...

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A COVID-19 mortgage deferral won’t affect your credit rating

Any Australian who is granted a six month deferral on loan repayments on their mortgage or other credit products, such as a credit card, will not have their credit rating affected as a result of that deferral, provided they were up to date with repayments prior to COVID-19. &nbsp;</p...

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Go-ahead given for medium-density homes

Go-ahead given for medium-density homes

There will be no further delays to the introduction of a code that will make it easier for landowners and developers to build terraces and other medium-density homes, NSW Planning Minister Rob Stokes says. Despite the medium-density housing code coming into force ...

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Coronavirus And The Australian Property Market

Coronavirus And The Australian Property Market

Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential prop...

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Why now is the right time to buy a house

Why now is the right time to buy a house

with global stock markets swinging wildly from one extreme to the other as the coronavirus Covid-19 continues to spread, investors are feeling cold feet. canvas-atom canvas-text Mb(1.0em) Mb(0)--...

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How Canberra has become Australia’s new property unicorn

How Canberra has become Australia’s new property unicorn

Our nation&rsquo;s capital might have a reputation for its umpteen roundabouts and bland politicians, but Canberra is shaping up to be a rare real estate beast that is proving profitable both in the long and short term. &ldquo;It can be very attractive for investors who are looking at ...

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How this 27-year-old built a $60m commercial property empire

How this 27-year-old built a $60m commercial property empire

Oscar Ledlin went from washing dishes in a Thai restaurant at the age of 14, to pushing barrows of concrete at 18, to building a multimillion-dollar commercial construction company by 21. &ldquo;I wanted to have a $50 million development portfolio before retirement,&rd...

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How much will property prices increase in Sydney this year? By a lot, new forecast says

How much will property prices increase in Sydney this year? By a lot, new forecast says

Sydney is set for a fresh property boom, with both house and apartment prices predicted to skyrocket, passing the 2017 peak and chalking up record prices by the e...

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RBA cuts rates to new record low to shield economy from coronavirus fallout

The Reserve Bank of Australia has cut official interest rates by a quarter of a percentage point to a fresh record low of 0.5 per cent as it attempts to protect the Australian economy from the financial fallout of the coronavirus outbreak. Westpac was the first of the major banks to re...

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First-home buyer changes: What’s new from January 1, 2020?

The buzz for first home buyers come January 1 is that thanks to the First Home Loan Deposit Scheme they might just get onto the property ladder sooner &ndash; and with a bite-sized deposit. But with the scheme limited to 10,000 in the first half of the year, combined w...

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Mulpha’s $1bn Norwest Masterplan Wins Approval

Mulpha’s $1bn Norwest Masterplan Wins Approval

A series of nine high-rise towers, ranging from eight to 26-storeys, has been approved as part of Malaysian conglomerate Mulpha&rsquo;s $1 billion masterplanned residential proposal for The Greens in Sydney&rsquo;s Norwest. The project will deliver a total of 864 residential apartments...

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Government Accelerates $3.8bn Infrastructure Spend to Spur Economy

The federal government has announced it will put billions of dollars towards significant projects across the country, accelerating major infrastructure...

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High-end auctions are booming

Low stock levels are pushing up prices for middle- and upper-range houses across the eastern seaboard as competition mounts before the end of the year. In Sydney's leafy Mosman, an investor paid $15,000 over r...

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Queensland Push for 2032 Olympics

Queensland Push for 2032 Olympics

A collection of 32 prominent business and sports personalities have urged premier Annastacia Palaszczuk to commit to south-east Queensland's bid for th...

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First Home Buyers: How to buy with just a 5 per cent deposit

First Home Buyers: How to buy with just a 5 per cent deposit

The hardest part of buying a property in Australia isn't necessarily affording the sky-high prices &ndash; it's mustering up enough cash to cover a 20 per cent deposit for a loan. The hardest part of buyi...

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Dollar hits decade low after RBA cuts rate to 0.75pc to head off rising unemployment

The Reserve Bank has driven its official cash rate below 1 per cent for the first time as it battles to head off rising unemployment and stimulate a stalling economy. The Reserve Bank has dr...

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Australia not an interest rate island: RBA signals more cuts

Reserve Bank governor Philip Lowe has signalled further cuts to interest rates as early as next week to keep ahead of tumbling global rates while urging the nation's businesses to use the abundance of cheap money to expand and hire more staff. post-cont...

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CBA slashes fixed rates as home loan war heats up

The Commonwealth Bank, the nation&rsquo;s biggest lender, slashed its fixed rates by up to 90 basis points across its mortgage range as the battle for market share among the major banks intensifies. The C...

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Chinese-Australian property investors stand to lose millions in collapse of apartment developer Ralan Group

Property developer Ralan Group's collapse has left thousands of investors facing financial ruin https://www.abc.net....

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Home Loan Lending Strongest in Five Years

Demand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. <div clas...

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House Prices Rise for First Time Since Downturn

Demand for mortgages is starting to rise reveals the latest Australian Bureau of Statistics figures. <div clas...

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Banks continue revising mortgage serviceability policies

Three more lenders have announced cuts to their interest rate floors for home loan serviceability assessments in response to APRA&rsquo;s new guidance. Bendigo and Adelaide Bank, the Bank of Sydney and Au...

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Major bank lowers serviceability floor

A big four bank has updated its home loan serviceability assessment policy in response to APRA&rsquo;s regulatory amendments. ...

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Home loan borrowing capacity to be boosted as APRA scraps rule

A key constraint on borrowing limits that were put in place during the property boom has been removed by the banking regulator. It's another move that may stimulate the soggy mortgage market. <section class=...

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The property market recovery gains momentum

The housing recovery is gaining momentum as buyers, buoyed by better borrowing conditions, stake their claim in a smaller pool of homes on the market. _2...

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APRA bins buffer, lets lending rip

The Australian Prudential&nbsp;Regulation Authority has removed the serviceability buffer that required banks to assess all borrowers against their capacity to repay the loan at 7 per cent. The change &ndash; effective immediately &ndash; was&nbsp;https://www.afr.com/business/...

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RBA cuts cash rate to new record low of 1 percent

The Reserve Bank has cut the official cash rate for the second month in a row to a fresh record low of 1 per cent as it desperately tries to pump some juice into Australia&rsquo;s stalling economy.<...

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Auctions Clearance Rates Bounce Back

Auction volumes across the country last week recorded their strongest numbers in 12 months. Auction volumes across the country last week recorded their strongest ...

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Using equity to buy a second property

Are you a home owner looking to buy an investment property? You may be able to use the equity in your home as a deposit to buy the property without using your own cash. post-content s...

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Tenant Demand in Gold Coast Office Market Expected to Rise

Investment activity in the Gold Coast office market was subdued in 2018 with few assets on offer, although Knight Frank expects the tide to change this year with around $90 million in assets hitting the market in 2019's first quarter. post-content singl...

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Worst of Housing Market Conditions ‘Now Behind Us’: Corelogic

Sydney and Melbourne dwelling values have now recorded respective falls of 14.5 per cent and 10.9 per cent since peaking in late 2017. But, ...

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APRA Moves to Scrap 7pc Loan Buffer

In a move that is most likely to benefit owner-occupiers and the wider property market, the Australian Prudential Regulation Authority is proposing the 7 per cent serviceability buffer on home loans be removed. https://i.postimg.cc/sfYGzdq2/27936fa7-30...

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‘The tap has been turned back on’: APRA to relax assessment rate for home loans

Property markets across the country have been given a shot in the arm, with Australia&rsquo;s banking regulator announcing its plans to relax the assessment rate for home loans. p...

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Regional Australia is big winner in the Federal Budget

There was very little directly related to housing in this year&rsquo;s Federal Budget, however regional Australia is the clear winner. There was very little directly related to housing in this yea...

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Rents Across Australia Rise Over The First Quarter Of 2019

The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by ...

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Revenue From Property Taxes Continues To Climb In 2017/18 Despite Housing Downturn

State and local governments collected a whopping $30.293 billion worth of property tax revenue over the 2017-18 financial year. If you were to compare these statistics to what was published last year, the figure...

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NSW set to save on stamp duty

The NSW State Government have announced plans to change stamp duty price brackets. From 1 July 2019, stamp duty price brackets will be pegged to CPI (Consumer Price Index) resulting in savings for property buyers. Initial savings would be anywhere between $200 to $600 with those saving...

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Australia's $133 billion property price slide rapidly becoming the worst in modern history

Australian property values fell $133.1 billion in the December quarter, with capital city home prices down an average of 2.4 per cent across th...

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ANZ woos property investors with interest-only loan change

ANZ Banking Group is loosening some of the clamps it put on interest-only mortgage lending in 2017, after pledging to reopen the door to property investors following a period of excessive caution. The big four lenders on Thursday said it would again start offering customers an interest...

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Australia's banking regulator just removed a rule that's played a crucial part in the housing downturn

The Australian banking regulator will remove restrictions on interest-only mortgage lending for some Australian banks from ...

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APRA investor crackdown behind drop-off in apartment approvals

A significant drop-off in apartments in the construction pipeline has dragged down the number of buildings approved across the country in February, according to the latest data from the Australian Bure...

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Wayne Byres’ surprise APRA declares mortgage crackdown ‘largely done’

The regulatory clampdown on Australia&rsquo;s heavily-scrutinised banks is now &ldquo;largely done&rdquo;, according to overseer Wayne Byres, who has declared &ldquo;the heavy lifting on lending stan...

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Two homes for the price of one Is building a duplex a good investment or double the trouble

Everyone loves a great deal, which is why home builders may be tempted by the idea of getting two homes for the price of one. Although it costs more to build a duplex than ...

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Rates For Interest-Only Loans Continue To Drop

Lenders have successfully met the macroprudential limits set by the Australian Prudential Regulation Authority (APRA) in March 2017, halving the category in the D...

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Regional Markets Are Experiencing Superior Total Returns To Those In The Capital Cities

In NSW, returns from regional properties were almost double those in capital cities The CoreLogic total returns...

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