By Peter Sarmas on 23 Apr 2013 No Comments
Ahead of their state budget, the Victorian Government announced changes to the First Home Owner Grant (FHOG) as well as further concessions to stamp duty. According to the government, first home owners purchasing a newly constructed house or apartment will receive a $10,000 cash grant, effective July 1 ...
By Peter Sarmas on 18 Apr 2013 No Comments
Affordability in residential housing across Australia is showing positive signs of improvement, according to the latest Adelaide Bank/REIA Housing Affordability Report. It revealed that over the December quarter, the proportion of income required to meet loan repayments decreased by 1.4 per cent to 30.4 per cent ...
By Pete Wargent on 16 Apr 2013 No Comments
The truth is that life has never been easy and property in high demand areas is rarely affordable. The key point in the article is that Tom is searching for somewhere to live in the inner city of Melbourne, which neatly summarises the great real estate problem in Australia. There are only 23 million heads in this vast country, but ...
By Peter Sarmas on 15 Apr 2013 No Comments
The property market showed signs of stabilising in 2012 as the Reserve Bank of Australia reduced interest rates to an all-time low of 3%. Recent avoidance of America's "fiscal cliff" and the latest Chinese export data changed sentiment among some economists. Three of the four major banks have revised expectations of 3 rate cuts by the RBA this year ...
By AOXEN on 13 Apr 2013 No Comments
As tax time approaches, property owners should make sure they understand which deductions they are entitled to claim - and which they are not. Owners of income-producing properties can claim depreciation deductions related to the building's structure via the capital works allowance. As a general rule, homes built after ...
By Street News on 12 Apr 2013 No Comments
Looking for an affordable way to own your next home? Swedish furniture company IKEA has recently launched the ultimate fold-out product: a flat-pack house. The 16.2m x 4.3m pre-furnished home has been given the name 'Aktiv' and was created in collaboration with US architectural firm Ideabox ...
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