Australian actress Toni Collette and musician partner David Galafassi have been ordered to pay over $1.1 million after losing a non-performance legal battle in court against Susan and Nick Kelly, founders of the Industrie men’s clothing label. The couple were set to purchase the Paddington home in east Sydney to live with children Sage and Arlo for over $6 million in September 2011 ...
Both renting and buying have their advantages and disadvantages. Approximately 30 per cent of Australian households currently rent due to the affordability, the flexibility to relocate and the ability to reside in otherwise unattainable areas ...
While the majority of tenants take good care of rental properties, there are always exceptions to the rule. This is why landlords need to have the right insurance cover should they find themselves in a situation of dispute. Only 54 per cent of self-managed landlords had their property insured – leaving 42 per cent of self-managed landlords vulnerable to a potential loss ...
I sometimes get so engrossed in analysing ABS figures, like the nerdy CA that I am, that I forget that some blog readers are new to the idea of property as an investment. Let’s take a look today at six of the basic characteristics of property as an investment and what causes prices to move ...
Once again, the weekend produced some healthy results in Melbourne. The clearance rate was 74 per cent based on over 700 auctions. This week, 56 per cent of results posted were private sales, while the rest were for sale by auction. ...
Ahead of tomorrow’s interest rate decision, financial news site Bloomberg found that a majority of economists forecast the RBA to keep the cash rate at 2.75 percent, reduced when the RBA met last month. Twenty-four out of the twenty-five economists expected the RBA would hold out ...
