Property

Billionaire property developer Hui Wing Mau the highest debutant on BRW Rich List

jchancellor2@startupsmart.com.au (Jonathan Chancellor) — Wed, 22 May 2013 23:58:04 +0000

Hui Wing Mau is the Chinese billionaire founder and the chairman of Shimao Property, who has made a surprise debut in the BRW Rich 200 list with an estimated $4.8 billion wealth.

Nathan Tinkler starts selling off Australian properties

pstafford@smartcompany.com.au (Patrick Stafford) — Wed, 22 May 2013 01:43:34 +0000

Troubled billionaire Nathan Tinkler has begun the sale of his Australian property empire with a multimillion dollar mansion in the Brisbane suburb of Pullenvale hoping to fetch some much-needed cash.

Scope for more rate cuts as RBA notes conditions “strengthening in housing market”

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Wed, 22 May 2013 00:37:17 +0000

“Strengthening conditions in the housing market” were noted by RBA board members at the May monetary policy meeting, where the cash rate was cut to a record low of 2.75%.

Dubai court hands 10 year jail terms to Australian property developers

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Tue, 21 May 2013 00:46:39 +0000

A Dubai court has sentenced Australian property developers Matthew Joyce and Angus Reed to 10 years in jail over bribery and corruption charges in relation to a 2007 Dubai waterfront land deal involving Queensland developer Sunland.

Sydney auctions at three year high

yredrup@smartcompany.com.au (Yolanda Redrup) — Mon, 20 May 2013 01:47:53 +0000

Sydney’s auctions clearance rates have hit new highs this weekend, as 78.6% of houses sold at auction, the strongest result since early 2010.

Australia moves up to fourth most overvalued housing market but bubble risk subsides

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Mon, 20 May 2013 00:49:19 +0000

Australia has moved from fifth to fourth most overvalued global property market but the overall risk of a housing bubble has subsided, according to the internationally authoritative, but debatable latest The Economist magazine global housing index.

ATO’s $78 million data-matching budget increase to hit property investors

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Thu, 16 May 2013 23:57:44 +0000

Property investors who use questionable tax avoidance schemes will come under more sophisticated levels of scrutiny following the Australian Tax Office (ATO) receiving an additional $77.8 million in federal budget funding over the next four years.

Low interest rates don't necessarily mean a return to the 1960s for the property market

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Tue, 14 May 2013 00:25:49 +0000

The cash rate may be back to what it was in January 1960, but it was a different era for those seeking a home loan.

Home loan rates guide: What's on offer after the historic RBA cash rate cut

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Mon, 13 May 2013 00:31:10 +0000

The dust has almost settled following the RBA's decision to cut the cash rate by 25 basis points to a 53-year-low of 2.75%.

Confused by reports on what the property market is doing? You're not alone

tryder@smartcompany.com.au (Terry Ryder) — Fri, 10 May 2013 00:15:37 +0000

Did city prices stagnate in the March quarter? Or did they show moderate growth? Or perhaps they rose strongly?

The dangers of buying property with friends

jchancellor2@startupsmart.com.au ( Mark Armstrong ) — Wed, 08 May 2013 01:07:40 +0000

You’re sitting around a table with friends one night, downing a couple of glasses of red.

No sign of property slow-down as Sydney records strongest auctions weekend in three years

yredrup@smartcompany.com.au (Yolanda Redrup) — Mon, 06 May 2013 00:44:04 +0000

The major cities have continued to record strong property results, with auction clearance rates in Sydney now reaching their strongest in three years.

Gold Coast property gloom to lift in 2015: Prodap Report

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Thu, 02 May 2013 23:57:18 +0000

The Gold Coast property market is expected to begin its recovery from about 2015 in line with a seven year recovery cycle, according to Prodap Report author Bill Morris.

Perth leads small 0.5% “stumble” in property values in April: RP Data

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Thu, 02 May 2013 00:58:38 +0000

The housing market retraced some of the gains made in the first three months of the year with dwelling values falling 0.5% to a median of $485,000 over April, the latest RP Data Rismark index shows.

Two-thirds of property investments negatively geared: ATO

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Tue, 30 Apr 2013 23:04:37 +0000

Expect a stampede of property investors storming the Treasury building in Canberra if the government ever ends negative gearing tax allowances as some in the industry have proposed.

Property market welcomes Victorian first-home owner grant shake-up

pstafford@smartcompany.com.au (Patrick Stafford) — Mon, 29 Apr 2013 01:19:33 +0000

The property market has continued a winning streak, with auction clearance rates remaining high as experts welcome a move by the Victorian government to lift the value of first-home owner grants.

The certainties and uncertainties of the Australian housing market

eschmidl@hotmail.com (Catherine Cashmore) — Sun, 28 Apr 2013 23:55:52 +0000

Balancing a real estate market is not an easy task. Too much supply and prices fall – too little and they rise and in this respect, years of rapid population growth has played an influence on the Australian real estate terrain.

Melbourne suburbs give investors best chance to double money in 10 years: RP Data survey

lschlesinger@smartcompany.com.au (Larry Schlesinger) — Tue, 23 Apr 2013 23:05:27 +0000

Melbourne has emerged as the Australian city with the greatest number of suburbs offering the potential for property investors to double their money in 10 years if house prices in these suburbs continue to appreciate at current rates.

ASIC advice on the appropriate establishment of a low balance SMSF

jchancellor2@startupsmart.com.au (Jonathan Chancellor) — Tue, 23 Apr 2013 01:34:25 +0000

The recent ASIC review of SMSF advice revealed a number of areas for improvement in the advice-giving process.

Ageing 'echo baby boomers' look to upgrade from units to houses

eschmidl@hotmail.com (Alistair Walsh) — Mon, 22 Apr 2013 00:49:59 +0000

Demand for apartments could slow in favour of houses as the 20 to 34-year-old segment of the population move onto the next stage of their lives, according to new research by BIS Shrapnel.