Cutting out luxuries will only scratch the surface for those trying to get a foothold in the Sydney property market. It is time to look to the outskirts of Sydney, or even Perth, says James Nihill of Patrick Leo.
Despite most economists predicting the Reserve Bank board will leave rates on hold at today's board meeting, many Australians expect mortgage rates will rise this year, and are considering switching to fixed rate loans.
Revised auction clearance rate one of the lowest this year
But Gil King, the CEO of the REIV, told SCHWARTZWILLIAMS that last week auction volumes and sales in Victoria were ahead of those for the same period last year.
Capital gains withholding tax too low for foreign residents says REIA
The threshold for foreign-resident capital gains tax withholding has been reduced to an unnecessarily low level, subjecting agents and conveyancers to additional red tape and costs for no good reason, says Malcolm Gunning of the REIA.
Federal government should reconsider changes to investment deductions, says REIA
Changes proposed by the federal government mean that an investor who owns a commercial investment property can claim travel costs for their annual site inspection, but a residential property investor can not.
Pimpama in south-east Queensland is Australia’s top 'housing hotspot', according to a new report from the HIA, with Cobbitty-Leppington in Sydney's south west coming in second.
The government's bill to extend the duration and expand the eligibility of the $20,000 tax write off will be a boost for small builders and tradies, says Master Builders.
