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The Sydney Morning Herald claims that Australians are likely to squander the chance to fix the country’s broken housing market, akin to what happened a decade ago after the mid-2000s property boom. “As property prices rise, we wring our hands and worry about our kids being able to afford property – rightly singling out investor…
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…
Ascertaining the true value of a property is one of the most crucial skills you can have as an investor. So how do you develop a professional valuer’s mindset and a keen aptitude for analysing real estate? We’ll discuss this in 6 steps. Property valuation is a crucial aspect of most transactions. For a potential…
Investing in property has the ability to improve your fortune — but as a landlord, you also take on an important responsibility to provide safe accommodation. It’s essential that you manage the following risks and hazards within the home to protect both your asset and its residents. Property is an excellent source of passive income, which…
The growing popularity of short-term holiday rentals has taken many Australian local councils off guard, according to Reuben Schwarz, co-founder of BnbGuard, a service which monitors unauthorised subletting on investment properties. “What was once a few homes every now and then is now every-other-home every-other-night in many Australian coastal shires, as both professionals and local residents…
The Royal Commission has highlighted the need for property investment advice regulation, amidst the myriad revelations of dodgy operators and unsound financial advice, according to the Property Investment Professionals of Australia (PIPA). While planners are subject to regulation, the provision of property investment advice generally remains a free-for-all, according to PIPA chairman Peter Koulizos. In fact, anyone can…
Every landlord will eventually face a situation in which they need to evict a tenant. If you want your tenant to move on earlier than planned, however, there are certain rules you must follow before showing them the door. When buying an investment property, every investor hopes that the perfect person will move into their…
Queensland’s population is projected to reach 5 million by May, according to new data published by the Australian Bureau of Statistics (ABS). This strong growth is likely to translate to a stronger demand for property. Robert Honeycombe, chairman of the Real Estate Institute of Queensland (REIQ), said Queensland’s property market and the wider economy would…
Lenders have successfully met the macroprudential limits set by the Australian Prudential Regulation Authority (APRA) in March 2017, halving the category in the December quarter. APRA’s December Quarterly ADI Property Exposures statistics, released last Tuesday, shows that interest-only loans have fallen to 15.22% of new lending, compared to 36.26% in the three months to March…
Reforming negative gearing and capital gains tax (CGT) could save the federal government more than $1.7bn annually without hurting mum and dad investors, according to new research commissioned by the Australian Housing and Urban Research Institute (AHURI). Conducted by researchers from Curtin University and Griffith University, the research sought to explore an approach to reform…
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