According to an article in the Adviser today. “The housing recovery is expected to come to a halt over the next 12 months, the Housing Industry Association’s (HIA) latest report has shown. According to the HIA’s quarterly National Outlook Report, the healthy first stage new home building recovery is likely to run out of [...]
All finance brokers in Australia come under the new National Consumer Credit Protection Bill on the 1st July 2010. According to Rosanne Bell, Senior Executive, Registry Services & Licensing for the Australian Securities & Investments Commission: “If you currently engage in credit activities under state or territory legislation, and you want to continue to [...]
A recent article extract from The Adviser stated below. “Australia’s property market has been named as one of the best in the world, thanks to a 20 per cent increase in house price growth last year. According to a report of 47 countries by Knight Frank, Australia ranked fourth in terms of house price growth. Knight [...]
Low vacancy rates, share market volatility and reduced first home buyer demand is causing investors to flood back into the property market. According to data from the Australian Bureau of Statistics, investors accounted for $7.99 billion worth of all home loans issued in April 2010 – a 1.5 per cent increase on the previous month. [...]
The gap between housing supply and demand continues to grow, on the back of a surging population. The latest report by the National Housing Supply Council estimates that Australia had a dwelling shortfall of 178,400 as of June 2009. According to the report, the gap between supply and demand grew by 78,800 dwellings during last [...]
According to the latest HIA announcement, Australia could be short of nearly 500,000 dwellings within 10 years, which would push up prices and rents, if population growth and low construction levels continue, the Housing Industry Association forecasts.
Property investors are dominating the mortgage market, new data from Australia’s leading finance aggregator, Australian Finance Group (AFG) has found as written in The Adviser. According to AFG’s latest mortgage index, 34.1 per cent of all mortgages arranged nationally in February were for property investors – the highest percentage ever recorded by the company. The [...]
The GFC in Australia has come and almost gone in the virtual blink of an ipod. And whilst the USA suffered and is still suffering from the rampant greed and egos’s in financial institutions that leveraged on leverage and then destroyed more wealth in their country than any other incident I can remember, Australia pulled [...]
Land Tax Base in SA to be raised from $110,000 to $300,000 with increases in other thresholds to provide savings in the higher end also to index thresholds to average land value inflation to make more certainty for investors. This is great news for residential property investors in SA, although more could always be done. [...]
According to Craig James, the cheif economist for Commsec….Housing cost & supply “•Just how tight is the housing market? Over the last year Australia’s population rose by 440,000 people – the biggest increase on record and the largest percentage increase in 40 years. The number of migrants increased by more than 285,000 people. But dwelling [...]
