One of the Australian Labor Party’s (ALP) big election promises in the 2019 federal election was to abolish negative gearing. It would be logical to think that the ALP’s shock election loss in 2019 will serve as a warning for policymakers. That is, banning negative gearing is an unpopular policy. However, I would caution investors…
New housing loan approvals rose strongly in March, up 5.5% over the last month with around 55% of the increase driven by investors. Contributing to the monthly increase was lending to investors, which saw a 12.7% increase from the month prior. This was the 10th consecutive month that the value of new investor lending commitments…
Housing markets are positively fizzing right now. Demand’s riding high, buyers battling it out over a shrinking pool of properties and driving some eye-catching price rises. The March quarter saw a 5.6% jump across the major capital cities, the March month alone posting the biggest gain in 32 years. Sydney dwelling prices rose a staggering…
A surge of Australians looking to buy a property has seen prices soar in some Sydney, Melbourne and Brisbane suburbs over the past two years. Property prices have hit record highs this year and, despite the effects of Covid19 recent Domain Research shows median prices rose annually 6.7% across Sydney houses, 3.9% in Melbourne houses…
A new report released from ANZ Bank predicts house prices at the national level will rise to a strong 17% through 2021, before slowing to 6% in 2022. What a turn around from all the pessimistic forecasts all the banks made in the middle of last year. ANZ senior economist Felicity Emmett said she expected…
If you are serious about building your own property investment business, one that one day will deliver you financial security… If you’re already a property investor and keen to take your property investment to the next level… If you are intent on getting involved in property development…. If you’re looking for a group of like-minded,…
Analysis by the Reserve Bank of Australia suggests house values could jump 30 per cent over three years if borrowers believe the cut in interest rates is permanent. An internal RBA document released on Friday in response to a Freedom of Information request says that while the RBA is on alert for current ultra-low borrowing…
