Property Investment News

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    Negative gearing talk spurs investor loans

    Posted by Real Estate Investar on Wed, May 25, '16

    Mortgage brokers are reporting increased interest in investor mortgages as buyers rush to get on board before possible changes to negative gearing after the federal election.

    The head of the brokers' industry body says minds have been focused by Labor opposition proposals to limit negative gearing to investment in new properties should it win the election on July 2.

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    Topics: negative gearing

    Tas first-home builders to get $2k grant

    Posted by Real Estate Investar on Wed, May 25, '16

    First-time Tasmanian home builders will be eligible for an increased state government grant of $20,000 under a revised scheme written into the upcoming budget.

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    Topics: First time property investors

    Aust construction 'to fold' without Arrium

    Posted by Real Estate Investar on Tue, May 24, '16

    The closure of steelmaker Arrium would cause Australia's construction industry to collapse within six weeks, its administrator says.

    "The impact would be felt far and wide. Arrium long-form structural steel makes up 70 per cent of Australian steel making in infrastructure and construction," KordaMentha's Mark Mentha told AAP on Tuesday.

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    Topics: Construction industry

    Prices don't show house supply glut: RBA

    Posted by Real Estate Investar on Tue, May 24, '16

    Gradually rising house prices don't indicate any imminent supply glut, Reserve Bank governor Glenn Stevens says.

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    Topics: Housing

    Home prices up but backlog lengthens

    Posted by Real Estate Investar on Mon, May 23, '16

    Home prices and auction clearance rates are holding firm but sales volumes are way down from last year and the backlog of unsold homes is growing.

    The latest weekly update from CoreLogic RP Data on Monday shows 70 per cent of housing auctions over the week ending Sunday ended with a sale.

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    Topics: home prices

    Housing okay without negative gearing: NAB

    Posted by Real Estate Investar on Tue, May 17, '16

    Housing demand would likely not be hurt in the short term even if negative gearing were scrapped, according to a senior National Australia Bank executive.

    Labor has promised to wind back negative gearing along with capital gains tax concessions if it wins the July 2 federal election, prompting the government to warn of a slump in house prices and a drop in the availability of rental properties.

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    Topics: negative gearing

    Aust property backlash pushed China to US

    Posted by Real Estate Investar on Tue, May 17, '16

    An Australian backlash against Chinese property investors has driven some to look to the more open US real estate market, according to a new study.

    Chinese investors, described as relative newcomers to the US market, have rapidly increased purchases of US residential properties from $US11.2 billion ($A15.45 billion) in 2010 to $US28.6 billion in 2015, according to the Asia Society and Rosen Consulting Group report.

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    Topics: property investor, property market

    RBA discussed cutting or holding rates

    Posted by Real Estate Investar on Tue, May 17, '16

    Cutting the interest rates this month was not a straightforward decision for the Reserve Bank.

    The RBA cut the cash rate to an all-time low of 1.75 per cent on May 3 on the back of weaker-than-expected March quarter inflation data, but it wasn't a forgone conclusion.

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    Topics: Interest rates

    RBA focused on inflation expectations

    Posted by Real Estate Investar on Tue, May 17, '16

    Concern that expectations of low inflation might become entrenched prompted the Reserve Bank's decision to cut the cash rate.

    The RBA cut the cash rate to a new record low of 1.75 per cent two weeks ago.

    And it was inflation that tipped the balance, with a less frantic housing market clearing the way.

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    Topics: Interest rates, Economic news

    Real estate campaign against Labor

    Posted by Real Estate Investar on Fri, May 13, '16

    The real estate industry is set to launch a grassroots campaign attacking Labor's policy to curb tax breaks for property investors.

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    Topics: property investor

    Housing settlement risk looms

    Posted by Real Estate Investar on Fri, May 13, '16

    A prominent research firm has echoed concern voiced by the Reserve Bank last month over a looming buildup in new home units on the market.

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    Topics: Housing market

    Investors borrowing big on new-built homes

    Posted by Real Estate Investar on Wed, May 11, '16

    Loans for investment in new housing have jumped by 54 per cent to a new record high.

    The value of lending to investors in new housing construction surged from February's $1.186 billion - itself a record high - by $642 million to $1.828 billion in March.

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    Topics: Property investment

    Rate cut boosts confidence: Westpac

    Posted by Real Estate Investar on Wed, May 11, '16

    The Reserve Bank's rate cut has spurred a leap in consumer confidence.

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    Topics: Interest rates

    Rate cut challenged by slowing jobs growth

    Posted by Real Estate Investar on Tue, May 10, '16

    The Reserve Bank said last week's shot-in-the-arm rate cut was prompted by low inflation but signs of slowing jobs growth support the view that the economy needed it anyway.

    Whether it will do much good is another matter.

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    Topics: Interest rates, Capital growth

    PM grabs onto negative gearing worries

    Posted by Real Estate Investar on Tue, May 10, '16

    The coalition has seized on a warning by Australia's largest residential property developer that Labor's negative gearing policy risks creating an economic depression.

    Stockland CEO Mark Steinert says property is such a major force driving Australian growth and activity, that even a small change in the market and in sentiment flows through the entire economy.

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    Topics: negative gearing

    Banks leave borrowers in dark on rate cuts

    Posted by Real Estate Investar on Tue, May 10, '16

    Lenders are dragging their feet when it comes to passing on last week's cash rate cut, with the big four banks alone set to pocket $21 million from the delay.

    Almost half the the home loan market has yet to announce interest rate cuts following the Reserve Bank's reduction of the official rate to a new record low of 1.75 per cent, according to comparison website finder.com.au.

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    Topics: Interest rates

    Inflation triggered RBA interest rate cut

    Posted by Real Estate Investar on Mon, May 9, '16

    The Reserve Bank's actions this week stand as a warning to economists not to interpret its words too literally.

    The theme of its announcements had been remarkably consistent over the past year.

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    Topics: Inflation

    Aussie savers to lose $1.9b after rate cut

    Posted by Real Estate Investar on Mon, May 9, '16

    Australian savers facing fresh record-low interest rates may be better off hiding their money under the mattress.

    They're set to lose up to $1.9 billion in interest on their savings following the Reserve Bank's rate cut last week, according to comparison website finder.com.au.

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    Topics: Interest rates

    Three of the big four banks pass on cut

    Posted by Real Estate Investar on Thu, May 5, '16

    Three of the big four banks have announced they will pass on the Reserve Bank's interest rate cut.

    Late on Tuesday, Australia's biggest lender, the Commonwealth Bank announced it would cut its standard variable home rate by 25 basis points to 5.35 per cent, effective from May 20.

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    Topics: Interest rates

    Signs of peak in housing repayment costs

    Posted by Real Estate Investar on Thu, May 5, '16

    Housing repayment costs may have peaked and affordability may improve in Sydney and Melbourne this year on the back of a pullback in prices, an analyst says.

    Housing affordability has deteriorated in all capital cities except Perth over the past year, meaning homeowners have to spend a larger proportion of their income on monthly mortgage repayments, Moody's Investors Service says.

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    Topics: Housing

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