In December 2020 Australian housing values hit record new highs in several capital cities as the Australian national property market continues to turn a corner. House prices are showing signs of healthy recovery across all Australian capital cities as the national property market moves further away from the lows triggered by COVID-19 and subsequent lockdowns. …
The Australian residential vacancy rate back in December 2019 was a reasonable 2.5%, and the property markets were riding high. Fast forward 12 months into a different world. Predictions were for record vacancies as students couldn’t come, a flood of Airbnb properties would hit the market for long term rental as there were no overseas …
In the past few years, banks have virtually stopped giving investors “interest-only” loans on Australian property, and have been insisting on buyers making regular principle repayments. This has led many investors to become confused, and unsure whether an investment property still makes sense with this type of repayment. Even though interest rates are at record lows, …
A recent review of Federal Financial Relations conducted by the NSW Government recommended that stamp duty be abolished and replaced by a broad- based land tax. This has implication for all property buyers, not just those in Sydney, as it is highly likely that if these measures are shown to have increased demand,- which they …