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Price, SA 5570 Review
Sam2019
Price
The next 12 months present an opportunity for regional New South Wales to clock further house-price growth, according to Raine & Horne.
Angus Raine, executive chairperson of Raine & Horne, said the 2020 has been a "watershed year" for regional NSW, which reported an average growth of 7% as more Sydneysiders fled the city lockdowns to the Central and South Coast, and many regional towns and cities. "While more listings might slow this level of growth slightly, I’m expecting markets in regional NSW to continue to roll through 2021 and well into 2022 as more city workers realise they can work remotely, still earn Sydney dollars but live regionally," Raine said. Source: x
Regional NSW primed for growth
Increased activity was not confined in big regional areas but also in smaller towns
www.yourinvestmentpropertymag.com.au
0 Reply
4 Views
2D ago
Joshua
Price
During the November state budget, NSW Treasurer Dominic Perrottet revealed that stamp duty taxes could be reformed by mid-2021.
Acknowledging stamp duty as “one of the biggest financial barriers to home ownership”, Mr Perrottet said the current stamp duty system is “centuries old and in need of an overhaul”.
Explaining that residents need a modern tax system, Mr Perrottet said in his budget speech “this is the single most important economic reform we can tackle to turn the Australian dream into NSW’s reality”. “NSW’s higher-priced markets have performed well this year, while affordable property in more remote suburbs has borne the brunt of market challenges in 2020 – but I believe stamp duty reforms as currently proposed would change that,” Mr Viner said.
He opined that this could remove the huge impost of stamp duty for a swathe of low-priced homes.
“Purchasers will need less borrowings or deposit, and this is certain to stimulate activity for low-priced property that qualifies under the scheme,” Mr Viner said. Source: x
How NSW stamp duty reforms could deliver a bottom-...
The proposed changes to NSW’s stamp duty reform could be a shot in the arm for the state’s low-price property market, an industry expert has said.
www.smartpropertyinvestment.com.au
0 Reply
143 Views
17D ago
InvestAus
Price
Survey results by Custodian have shown that investors have been waiting for good news on the health and economic front, with one in five looking to add to their portfolio over the next 12 months.
However, Custodian managing director James Fitzgerald believes investors who wait could be paying more, with Australia’s property market likely to grow quickly during the recovery. “The recent drops in interest rates and the RBA extending bonds from the normal three-year term to now five to 10 years means banks can now offer three to five-year fixed rate deals at well below 2 per cent.
“As a result, median house prices in Australia will accelerate to $1 million as early as 2023,” Mr Fitzgerald said. Continue reading at: x
When will Australia crack the $1m median house pri...
A property investor has predicted Australia’s median house price will surge to over $1 million in the next three years, as the economic recovery acts as a tailwind for the industry.
www.smartpropertyinvestment.com.au
0 Reply
15 Views
17D ago
Sarthak
Price
The prospect of positive housing price movements, coupled with record-low interest rates, may drive many Australians to enter the property market, the latest data from financial comparison site Canstar has revealed. “For first home buyers, fear of missing out (FOMO) is back in the psyche with around three in every five millennials expecting prices to rise or at least hold stable.”
“Property price falls usually lag the start of recession and could still be ahead, but lenders are not expecting as deep or prolonged a correction as they were at the start of COVID-19, and confidence is on the rise all round.” Get full details at:x
Low rates spur positive outlook
“Home buyers are flooding into the market”
www.yourinvestmentpropertymag.com.au
0 Reply
34 Views
1Mo ago
Ronie
Justprop Team member
Price
Government support packages have provided support to workers who lost their jobs because of the pandemic, as well as businesses that have seen their sales plunge. About 9 per cent of all housing loans were subject to repayment deferrals at the end of August, raising fears that once government coronavirus relief tapers off, a flood of homeowners could be forced to sell, putting more pressure on declining property prices. Lenders' initial six-month mortgage payment deferral periods are coming to an end for many borrowers and lenders are offering deferral extensions of up to four months for those who are unable to resume repayments. However, what happens after that remains a major concern. Read more: x
Property price warning as JobKeeper payments cliff...
Experts say there is likely more trouble ahead for property markets as government COVID-19 financial support tapers off.
www.smh.com.au
0 Reply
566 Views
3Mo ago
Royal
Price
Yesterday’s mortgage commitment data from the Australian Bureau of Statistics (ABS) continues to point to price falls for Australian property. As shown above, mortgage growth has historically been a strong leading indicator for price growth. Thus, the sharp decline in mortgage growth – from 16% in March to 6% in June – signals further falls in property price growth.
As you can see, mortgage growth has turned down across all major markets which, other things equal, points to falling property price growth. Source: x
Mortgage collapse points to further property price...
Yesterday’s mortgage commitment data from the Australian Bureau of Statistics (ABS) continues to point to price falls for Australian property. The next chart plots the annual change in the value of ...
www.macrobusiness.com.au
0 Reply
116 Views
5Mo ago
Anuj
Price
In concerning news for Australian investors, annualised growth in national rental values was just 1.1 per cent in the five years to June 2020, while annualised growth in the selected living cost index was up at 1.4 per cent in the five years to March 2020.
The information comes from CoreLogic’s June 2020 Quarterly Rental Review, which noted the impact COVID-19 has had on rental figures nationwide.
Prior to the fall in rent values that did occur over the June quarter, CoreLogic’s head of research Australia, Eliza Owen, said growth in rents had seen some momentum building, “with the national CoreLogic rental index recording consecutive increases between September 2019 and March 2020”. CoreLogic also indicated that the drop brought rents down 0.5 per cent for the June quarter – the largest quarterly fall in rent values seen since September 2018.
It’s a sign of things to come, with CoreLogic expressing that it expects to see further falls in the coming months. Get details at: x
Rental price outlook offers bad news for investors
Increases to the price of rents Australia-wide have not kept pace with general costs of living over the last five years, analysis has revealed.
www.smartpropertyinvestment.com.au
0 Reply
151 Views
5Mo ago
Joshua
Price
Australia Property can often be bought for a lower price – if you include an extra sentence in your offer.
Including an extra sentence that compares your offer to the seller’s minimum price in a negotiation increases the likelihood of you getting what you want, finds research from ESMT Berlin.
Most people assume that you can either be friendly in a negotiation and satisfy your counterpart or get exactly what you want, but these two outcomes do not have to be mutually exclusive.
Martin Schweinsberg, Assistant Professor of Organisational Behaviour, alongside Michael Schaerer of Singapore Management University and Roderick Swaab from INSEAD, studied how negotiators can achieve both economic benefits and maintain a friendly relationship with those you’re negotiating with. “Imagine trying to buy a house where the seller’s target price is $580, 000 and their minimum price is $320, 000, ” says Professor Martin Schweinsberg.
“Instead of just saying “my offer for the house is $450, 000”, adding the sentence of “how does this compare with the minimum price you are willing to accept?” increased the chances of the buyer’s offer being accepted, and made the counterpart happier.
“This demonstrates that how an offer is perceived is subjective depending on how the offer is framed and that it is possible for a negotiation to be nudged to have a ‘win-win’ outcome.” Continue reading at: x
Australia Property: how to get what you want • A...
Australia Property can often be bought for a lower price – if you include an extra sentence in your offer. Including an extra sentence that compares your
www.thinkingaustralia.com
0 Reply
144 Views
5Mo ago
InvestAus
Price
“So far, property value declines have been fairly mild. Nationally, the May home value index results show that the dwelling market declined just 0.4 per cent over the month, and preliminary indicators for June are showing the rate of decline has gathered some momentum through the month.
“However, the Australian housing market is not one market, but a collection of many. Over the past few months, dwelling market performance has varied by region, in both a cyclical and structural way, ” Ms Owen explained.
The top 10 markets seeing the biggest property price falls are:
Mandurah (WA): -2.2 per cent
Greater Melbourne Melbourne - Inner South: -2.2 per cent
Greater Melbourne Melbourne - Inner: -1.8 per cent
Greater Melbourne Melbourne - Inner East:-1.8 per cent
Greater Perth Perth - South East: -1.2 per cent
Greater Melbourne Melbourne - Outer East: -1.2 per cent
Greater Brisbane Ipswich: -0.8 per cent
Greater Sydney Sydney - North Sydney and Hornsby: -0.7 per cent
Greater Sydney Sydney - Inner West: -0.7 per cent
Greater Sydney Sydney - Northern Beaches: -0.7 per cent
“Unsurprisingly, Melbourne’s inner city and eastern suburbs have seen the largest decline across the metropolitan region, and the past two months have seen a decline in values across some high end markets in Sydney, such as North Sydney, the Inner West and the Northern Beaches, ” Ms Owen said. “International border closures in response to COVID-19 may have created a significant demand shock, which had interrupted a recovery in the Perth - South East region. Prior to this, dwelling values in the area had seen four consecutive months of growth between December 2019 and March 2020.”
Ms Owen noted at a suburb level, the biggest price falls are more reflective of the historic cyclical trends, “where the downturn is most prevalent in the high end of Sydney and Melbourne this far”. Source: x
10 areas where property prices are falling
New research has identified the top 10 areas recording the greatest change in dwelling market values from 31 March to 31 May.
www.smartpropertyinvestment.com.au
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121 Views
6Mo ago
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