By Danielle King on 28 Apr 2013 No Comments
As part of the Federal Government's strategy to reduce carbon emissions, homeowners and landlords will soon be required to disclose the energy efficiency of a home at the point of sale or lease. This requirement, known as Residential Mandatory Disclosure (MD), is currently being debated and was due to be passed into law by the end of 2012 ...
By Catherine Cashmore on 26 Apr 2013 No Comments
The housing market in Melbourne is starting to relax into a pattern of relative consistency. Last week’s clearance rate was reduced to 68 per cent once all results had been collected. This week, a clearance rate of 66 per cent was recorded. For the year to date we’re still holding steady at 69 per cent ...
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 ...
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