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Perth People Warm To Apartment Living

October 17, 2017

There has been a long held belief that Perth homebuyers and investors have been resistant in transitioning to apartment living, but a survey by the WA Apartment Advocacy (WAAA) group suggests there has been a quantum shift in this opinion.

The poll was conducted at the 2016 Royal Show and was the first of its kind in WA.  The respondents reflecting a cross section of the community including participants from…

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Forget fake news – the real danger is fake market research

October 13, 2017

Ah, the internet. Don’t you just love it? Full to overflowing with so, so much information! And plenty of it is dedicated to property.

It’s information overload, and all anyone needs to add to it is a computer and a connection. That’s right, you don’t need qualifications or actual knowledge – anyone can write anything about anything and put it up on the internet as ‘research’. Isn’t freedom of speech…

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Perth house price drop coming to an end, Sydney stalls

October 2, 2017

Shane Wright, PerthNow

THE slide in Perth house prices is continuing but showing signs of finally coming to an end as concerns grow the Sydney market has stalled.

Figures from CoreLogic, released this morning, shows values of Perth houses fell by 0.1 per cent through September.

Over the past three quarters, values slipped by 1.6 per cent while over the past 12 months they have edged down by 2.9 per…

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ANZ issues lending ‘blacklist’ for Perth and Brisbane

September 26, 2017

If you haven’t already read the headlines, ANZ are issuing a ‘Blacklist’ for some Perth and Brisbane suburbs.

Out of 11 suburbs listed, Perth have 4 out of the 11 that ANZ will be blacklisting and clamping down on with regards to loan applications.

There is a concern that there is an oversupply of apartments in both capital cities and now ANZ are tightening their lending to ensure borrowers are…

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Are you claiming these unexpected depreciable assets?

September 19, 2017

BMT Tax Depreciation has compiled a list of its top five items that property investors may not realise they can claim tax deductions for.

This list may prove helpful to property investors, as BMT has worked with more than half a million Australian investors to help them utilise tax depreciation to uncover legitimate tax deductions for the wear, tear and ageing of their investment properties.

“The Australian Tax Office…

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Premium Housing Values Rise Fastest

September 11, 2017

The CoreLogic Stratified Hedonic Index breaks the market into three segments: the most affordable 25% of properties, the middle 50% and the most expensive 25%. The data shows over the past year the most expensive quarter of the market has recorded the greatest value growth.

Over the 12 months to August 2017, the most affordable 25% of residential properties nationally have recorded value growth of 2.9% compared to growth…

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WA state budget a positive for property investing

The WA Labour government has delivered their first state budget, and as Treasurer Ben Wyatt and Premier Mark McGowan previously indicated, the burden of amending the State’s financial situation will be indirectly shared by all Western Australians.

However, from a property investment perspective, the budget is relatively positive as there are no direct increases to property costs for residents of Western Australia.

Damian Collins, managing director for property investment…

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Where are Australia’s most popular places for first-home buyers?

Queensland has the highest percentage of first-home buyers, according to new research from credit report company, Credit Simple.

Queensland made up 17 per cent of all mortgage applications for people under 30, the highest percentage of any state, according to mortgage application data from January 2017 to June 2017.  Western Australia was close behind with 16 per cent, while South Australia is home to 15 per cent of loan applicants under 30.  CreditSimple.com.au spokesperson Emily…

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First-home buyers are back in the market

First-home buyers are re-entering the market after years spent waiting on the sidelines.

The latest Australian Bureau of Statistics housing finance data shows the proportion of first-time buyers in the home loan market rose from 14.9 per cent to a 47-month high of 16.6 per cent in July. In total, 56,464 home loans were approved in July, up 2.9 per cent from the previous month and the third consecutive monthly gain.

“More…

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The return of the owner occupier: spring buying predictions

Fresh real estate listings, softer investor demand together with competitive owner-occupier lending rates and new first home buyer incentives will present favourable opportunities for owner occupiers this spring, predicts home loan lender, ME.

“When September hits, the property market blooms with more listings and plenty of Australians rush in ready to sell and buy,” said ME Head of Home Loans, Patrick Nolan.“But this season will be different from previous years’…

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