FIFO workers wasting cash
Lament of the FIFO The West Australian 12 Oct 2019 KATE RYAN Too many of WA’s fly-in, fly-out workers blow their pay packets on takeaway meals, drugs and alcohol and have nothing to show [...]
Investments and negative gearing
Negative gearing – a term you hear a lot in investor circles, but what exactly does it mean? Negative gearing is when the ongoing costs of an investment are more than its return. In [...]
June quater reveals improvement to Perth’s rental market
Positive signs are starting to emerge in the rental market with reiwa.com data showing the market held onto its first increase in median weekly rent prices since the December 2016 quarter. REIWA President Damian Collins [...]
More borrowing power for you !
The Australian prudential regulation authority has changed serviceability assessments on home loan applications. The results ? Previously when applying for a mortgage, APRA requires lenders to apply a 7% minimum assessment rate to your loan. [...]
Understanding the basics of Property Investment
Looking to buy an investment property? Here are some basic guidelines to help you make smarter decisions and achieve greater returns. There are two components that make up the price you pay for an [...]
Reserve Bank of Australia cuts rate to new record low to help revive sluggish economy
Australian interest rates have been cut to their lowest level in history. The official rate is now just 1.25 per cent after the Reserve Bank board met today and agreed to lower the rate [...]
Perth property most affordable in more than two decades
The Perth property market is at its most affordable in more than two decades, as falling prices and wage growth make entry into the housing market easier for Perth families. Housing Industry Association figures [...]
Strike while the iron is hot in Perth, Knight Frank report
Now is the time for buyers to pounce on prime Perth real estate, amid a promising swell of activity, according to the latest Knight Frank’s Prime Global Cities Index – Q3 2018. The Western [...]
Location, location, location!
This well-known catchphrase expresses the fundamental idea that the area or location of a property is the most important factor in determining its worth. However, there are many additional variables that will determine how [...]
$1b Lithium plant near Bunbury gets environmental approval
The world’s biggest lithium miner has been given environmental approval to build a massive processing plant near Bunbury, paving the way for hundreds of new jobs in the South West. Albemarle Corporation will need [...]
Perth Airport to undergo $1.5b upgrade
Perth Airport is promising a truly world class airport upgrade by late 2024 that will future proof Western Australia’s critical aviation hub as the economy gets set to surge. The airport has released the [...]
Drop in housing commitments to dampen the economy
The Australian Bureau of Statistics (ABS) disclosed that the value of investment housing commitments and number of loans for housing declined in September. As such, there is possibility that the economy will take the [...]
A quarter of first home buyers also considering purchasing investment property, new research reveals
New research from Westpac reveals a quarter of first home buyers are considering buying both an investment property and an owner-occupier home. Westpac’s latest Home Ownership Report shows first home buyers (FHBs) are feeling [...]
Australians think it’s a good time to purchase property, despite thinking house prices will fall further, Westpac survey reveals
Westpac’s monthly consumer sentiment survey reveals most Australians believe now is the best time to buy a house, despite thinking house prices will fall further still. he bank’s monthly consumer sentiment survey reported an [...]
WA jobless rate hits year low after full-time employment boost
WA’S unemployment rate has fallen to its lowest level in more than a year on the back of a surge in full-time employment. The Australian Bureau of Statistics reported this morning that the WA [...]
UBS issues horror warning on Australian house prices if banking royal commission reins in the banks
TIGHTER lending standards forced on the nation’s lending institutions by the banking royal commission could plunge the economy into turmoil, wiping up to 30 per cent from the value of Australian homes. Analysts from [...]
30 per cent drop forecast for Sydney and Melbourne, but Hobart outlook is strong: SQM Research
Sydney and Melbourne house prices could fall by as much as 30 per cent, while Hobart house prices could rise by 5 per cent, according to SQM Research Louis Christopher’s Boom and Bust Report. [...]