I want to tell you a quick story that illustrates the difficulty many of us face when trying to buy real estate in Australia. This story is important because it shows you the fine line between being able to buy your ideal property… or failing to secure ANY property… ideal or not! Back in 1998 …
When my children were approaching high school age, we decided to move them out of Hong Kong, and put them into school in Australia. We decided on Perth. For no other reason than during SARS my family escaped HK and gone there, even though we were from the east coast. Everyone enjoyed it. Also, as …
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 …
At the beginning of the pandemic in Feb/ March the Australian stock market dropped like a stone and the banks predicted doomsday for Aussie property. Since that time the banks have reversed their view on property, and the stock market has recovered to nearly its all time high back in February. Having been through Black …