Category Archives: Real Estate News
What will 2021 have in store for Outer Western Sydney property?
It’s certainly been a year unlike any other. This time last year nobody would have been able to predict the rollercoaster ride that was 2020, but even as we all came to grips with what it’s like to live through a global pandemic, things haven’t turned out too bad for the Sydney property market. The […]
Is NSW scrapping stamp duty?
The NSW Government has come up with a bold new plan for how tax is paid on property in the state that could bolster the economy by making it easier to purchase a home. The proposed changes will give people the option to either pay stamp duty and land tax (where applicable) or pay a […]
Aussie tax cuts have kicked in – what does it mean for you?
Some Australian workers may start to see some extra dollars in their bank accounts this month as the Federal Government’s Budget 2020 tax measures start coming into effect. The tax cuts were initially scheduled to happen two years from now but were brought forward to give the economy a boost in the wake of COVID-19. […]
Aussie house prices have bounced back
The Australian housing market has seen home prices rise for the first time since the COVID-19 pandemic began. Figures from CoreLogic’s national home value index showed that residential property values were up by 0.4 per cent in October, following five months of consistent declines. Values were up in every capital city, except Melbourne. Prices have […]
Limited places left in First Home Loan Deposit Scheme
Super low interest rates and government incentive schemes have made it a great year to be a first-home buyer in Australia, but those hoping to take advantage of the First Home Loan Deposit Scheme will need to get a wiggle on. Figures released from the federal treasury show there are just 363 places still left […]
How much could you save by refinancing your home loan?
The jury’s still out on whether or not the Reserve Bank will be cutting interest rates tomorrow, but mortgage savings could come sooner for those planning to refinance to a better home loan deal. A new rate analysis by Finder.com.au has found that the average homeowner could save an impressive $395 a month, simply by […]
Confidence in Australian housing has boomed
A new report by Westpac shows that confidence in the property market has reached its highest point in over a year – fuelled by low interest rates and the belief that prices will improve next year. According to the Westpac-Melbourne Institute Index of Consumer Sentiment for October, the percentage of Australians who think it’s ‘time […]
Economic punters betting on a Melbourne Cup rate cut
An interest rate cut on Melbourne Cup day is looking increasing likely after the Reserve Bank of Australia (RBA) hinted at the possibility in a recent speech. Speaking at a conference in Sydney earlier this month, RBA Governor Philip Lowe said that while the board had yet to make a decision on moving rates, an […]
Home lending numbers up despite pandemic
We might be living through a global pandemic, but that certainly hasn’t scared people away from the property market, with new figures showing that home loan commitments have been soaring. Figures from the Australian Bureau of Statistics (ABS) shows the value of new home lending increased by 12.6 per cent in August, following an 8.8 […]
Will the RBA cut rates further this year?
The Reserve Bank of Australia left the official cash rate on hold at last Tuesday’s October meeting, but there is growing speculation that a rate cut is imminent. Some of that speculation has come from the bank itself, with RBA governor Philip Lowe saying in his post-meeting statement that the Board would continue to consider […]
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