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Reselling Brisbane Apartments Means Selling At A Loss
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Reselling Brisbane Apartments Means Selling At A Loss

Apartments purchased off-the-plan at the beginning of Brisbane’s unit-construction boom are selling at significant losses, underscoring concerns from the Reserve Bank about the city’s concentrated inner-city property market. According to Michael Yardney, CEO of Metropole Property Strategists, buyers who bought off-the-plan apartments in high-rise towers in Hamilton, Bowen Hills, and Fortitude Valley were particularly hard…

Mortgage Brokers pressured to use aggressive sales tactics
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Mortgage Brokers pressured to use aggressive sales tactics

By requiring mortgage brokers to meet volume targets to retain accreditation, lenders are disadvantaging borrowers and encouraging some brokers to engage in risky behaviour, said Peter White, executive director of the Finance Brokers Association of Australia (FBAA). White spoke to The Adviser following a report from ABC’s Four Cornerswhich accused brokers and banks of using “aggressive sales tactics” to…

Protect yourself from these common investment scams
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Protect yourself from these common investment scams

The Australian Competition and Consumer Commission (ACCC) is warning the public to watch out for investment scammers who promise great returns but “leave their victims with broken dreams and empty bank accounts.” In the first half of 2017, Australians reported losing over $13m to investment scams, according to the ACCC’s Scamwatch website. This makes investment…

13% Of First-Home Buyers Choose Rentvesting
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13% Of First-Home Buyers Choose Rentvesting

Due to Australia’s growing housing affordability crisis, many young people are choosing to make their first property purchase an investment property. The practice is known as “rentvesting” and involves purchasing a rental property as an investment while renting another property in which to live.  Rentvestors now make up 3% of first-home buyers nationally, according to industry research….

A raft of new measures took effect for property investors on July 1
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A raft of new measures took effect for property investors on July 1

A plethora of federal, state, and local government changes took effect on July 1, impacting every investor, homeowner, renter, and aspiring homebuyer in Australia. Of all the government changes kicking in from midnight that day, nine were specifically targeted at homeowners, homebuyers, and renters, according to a list compiled by Queensland Economic Advocacy Solutions (QEAS). “This…

Foreign Investors In QLD Slammed With New Tax
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Foreign Investors In QLD Slammed With New Tax

Foreign owners of investment property in Queensland will be slammed with a 1.5% land tax surcharge on assets with a value of $350,000 or more. The state government is seeking additional revenue in order to maintain a wafer-thin operating fiscal surplus. The Palaszczuk government announced the new measure in its 2017-18 state budget, and said…