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Sydneysiders Favour Melbourne’s More Affordable Properties
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Sydneysiders Favour Melbourne’s More Affordable Properties

With Sydney’s property prices continuing to rise to ever more unaffordable levels, residents are turning to Melbourne for more affordable alternatives. While both capitals have enjoyed a major boom in house prices, the average home in Melbourne is generally cheaper than in Sydney (sometimes by up to 40% for new apartments). Indeed, many Sydneysiders now…

Australian voters support reforms to Negative Gearing & Capital Gains Tax
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Australian voters support reforms to Negative Gearing & Capital Gains Tax

With the budget being handed down soon there’s lots of talk about reforms that may target tax breaks offered to property investors. Australians across party lines and age groups are backing a controversial crackdown on property investors to improve housing affordability, with 54% supporting reforms to negative gearing and capital gains tax, according to a special Newspoll…

Chinese Buyers Remain Undaunted When Purchasing Australian Property
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Chinese Buyers Remain Undaunted When Purchasing Australian Property

Despite the regulatory restrictions, and the banks’ new curbs on lending to foreign property investors, a new survey suggests Chinese buyers remain undaunted when it comes to purchasing property in Australia.  When asked to name the aspect of the buying process they considered to be the most difficult, only 25% of respondents to Juwai.com’s March…

Foreign investors are laundering dirty money into Australian real estate
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Foreign investors are laundering dirty money into Australian real estate

Foreigners are purchasing expensive real estate in Australia—some of which may have been the direct result of money laundering! That’s the finding of Berlin-based Transparency International (TI), an international non-government organisation that aims to combat corruption and prevent criminal activities arising from corruption, recently released a report that analysed money laundering loopholes in four countries. Entitled…

Will Banks cater to owner-occupiers and shun investors
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Will Banks cater to owner-occupiers and shun investors

Though property investor lending is being tightened, banks will continue to offer steep discounts to owner-occupiers to safeguard their market share, states a new report from Deloitte. The report revealed that many industry players expect property prices around Australia to continue to climb. Deloitte’s annual Australian Mortgage Report,  said that in 2016, the majors offered…