Buying your first (or next!) property is an exciting venture, but it can also be quite daunting – especially if you don’t know what to look for. I guess that’s the reason why most property investors never get past the first or second property On the other hand, strategic investors begin with the end in…
Property investors- watch out – the Australian Taxation Office (ATO) is after you! The ATO will be compelling banks to hand over data for 1.7 million landlords in a bid to address the $1.3 billion tax revenue lost from residential investment properties. The ATO’s data-matching program will focus on individuals failing to declare rental income,…
The most in-demand suburbs for property buyers in Victoria have been revealed by PropTrack. In these suburbs the number of homes up for sale is low and hundreds of buyers are vying for available properties. New listings of properties for sale were down 11.1 per cent, year on year, in February, according to PropTrack, with…
In its Rent Report for the March quarter, Domain has emphasized that the rental market in Australia still heavily favours landlords, as tenants face challenging conditions due to increasing demand and limited supply in 2023. Dr Nicola Powell, Domain’s Chief of Research and Economics said: “Across the combined capitals, we’re now seeing the longest stretch…
The median sale price is one of the most common methods used by investors to track property values and assess their changes over time. But today I’d like to explain why it can often be a misleading measure. According to data providers Australian Property Monitors, one of the best-performing suburbs in Australia during 2015 was…
The International Monetary Fund has released its latest publications on the global economic outlook, ranking Australia as the second-highest country for ‘housing market risk’ out of 27 countries, behind Canada. Some of the outcomes associated with this risk include a sharp housing market decline, which could have implications for economic growth and financial stability. So,…
The Australian property market has been experiencing a major shift over the past few years, with a significant increase in the number of suburbs where renting a house or apartment is cheaper than buying. According to research by CoreLogic for the Australian Financial Review, this trend has been driven by soaring mortgage costs, which have…
So, the “National Jobs & Skills Summit” succeeded in what seemed a predetermined outcome: to lift migrant numbers and boost our population once again. Permanent migration will be lifted to 195,000 per annum, to address “skilled labour shortages” that is “holding back the economy.” Set aside that full employment would ordinarily see real wages grow…
Ever thought of quitting your job and working on (or living off) your property full-time? If so, you’re not alone. I frequently see clients or potential clients of Metropole who want this. In fact only the other day I sat with someone who said: “I’ve been wanting to get out of the business we’ve been in…
A recent report reveals that while property prices have declined throughout Sydney as a whole during the past year, certain suburbs have experienced growth at a rate of over 10%. The Shore Financial State of Sydney Report conducts a quarterly analysis of Sydney’s 600-plus suburbs and identifies the top five suburbs in each quintile based…
