Latest Property News

Local Insights – Carlton

By Peter Sarmas on 1 Jun 2013 No Comments

Last weekend’s 74% clearance rate result from good quality numbers (720) was reflective of a property market that appears resilient, for the inner city at least. Nicholas West, the Director of Nelson Alexander’s Carlton office, echoed a similar sentiment ...

Negative Consumer Sentiment May Impact Future Housing Market

By Peter Sarmas on 31 May 2013 No Comments

In the past, low interest rates tend to propel a buying frenzy in the property market, but according to RP Data research analyst Cameron Kusher, a predominantly negative buyer sentiment is standing in the way of what would be an otherwise flourishing market ...

The World’s Tallest Residential Towers

By Heather Scott on 31 May 2013 No Comments

After taking a look at the most expensive apartments in the world last week, we thought we would take a whirlwind tour of the tallest residential towers. Six of the top ten are situated in Dubai, UAE, so geographically we’re not going to be moving very far! ...

Making Your Principal Place of Residence an Investment

By Bradley Beer on 30 May 2013 1 Comment

Turning a principal place of residence (PPR) into an income producing property has an impact on the owner's tax situation. Investment property expenses such as interest costs, rates, and management fees become tax deductible ...

HIA Paper Reveals Sharp Deterioration of Renovation Approvals

By Peter Sarmas on 29 May 2013 No Comments

Investment into property renovation is continuing its trend south according to a Housing Industry Association (HIA) discussion paper titled, “Renovations Activity: The recent deterioration and outlook.” It revealed a sharp decline in renovation lending over the past two years. According to the paper, there have been five consecutive reductions in the value of investment into renovations since the September quarter of 2011 ...

Fisher’s Money Illusion

By Pete Wargent on 28 May 2013 No Comments

In 1928, Irving Fisher wrote an important book called The Money Illusion, which explained how we as humans tend to think in currency in nominal terms rather than real terms. It’s an illusion, particularly because now in the modern era we have fiat currencies ...

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