Tag Archives: Real Estate
RBA holds interest rate on Melbourne Cup Day
This is the first time in 6 years that the RBA has not moved interest rates in Australia on Melbourne Cup Day. The Reserve Bank of Australia today decided to hold the official cash rate at 3.25 per cent– a … Continue reading
Positive Signs For The Australian Housing Market
Century 21, the largest real estate sales organisation in the Asia Pacific region, believes that a spike in housing approvals over August, falling interest rates and rising capital city dwelling values suggest a housing market recovery may be well underway. … Continue reading
Make Your Garage Work
Do you use your garage to park the car, or as a junk room? Too often the home garage is used for storing household detritus such as discarded toys, tins of paint, old furniture, clothes and documents, barely-used garden tools … Continue reading
First Home Buyers in Queensland benefit from buying off the plan or building
Queensland first home buyers and the construction industry will benefit from the Newman Government’s first State Budget, which more than doubles the grant for new first home buyers. Premier Campbell Newman said first home buyers would receive $15,000 – up … Continue reading
Rates On Hold As Spring Property Season Begins – Australia
Century 21, the largest real estate company in the Asia Pacific region, believes that the Reserve Bank of Australia’s decision to keep interest rates on hold this month will encourage prospective buyers to think seriously about making a property purchase … Continue reading
Australians pay off mortgages at record speed
The acting CEO of Westpac, Australia’s biggest bank, has claimed that today’s homeowners are paying off their mortgages at twice the average rate for the past 30 years. Speaking in Canberra at last week’s … Continue reading
Australians love to renovate
Australian spending on renovations hit $31 billion last year. The current economic climate has made Australians hesitant to take on additional debt. Rather than purchasing a new home, people are investing in renovation projects on their current properties. TV shows … Continue reading
Great returns on granny flats – but extra insurance required
Investors are getting returns of 10-16 per cent on the cost of adding granny flats to their existing properties – and increased cash flow courtesy of two lots of rent for the same land. … Continue reading
Capital City Values Rise Again
Dwelling values across capital cities recorded a second month of capital gains in July with dwelling values up by 0.6 per cent over the month following a 1.0 per cent rise in June. The RP Data-Rismark Hedonic Home Value Index … Continue reading
RBA: the purported Housing Bubble, Australia’s economy and China
The Governor of the Reserve Bank of Australia, Glenn Stevens, recently delivered a speech at a charity luncheon in Sydney that provided some telling commentary for Australian property investors. A highly respected figure that is watched closely by markets due … Continue reading
