Archive for May, 2019

The world’s current tallest skyscraper is the Burj Khalifa in Dubai. It’s 828 metres tall, which is over two-and-a-half times as tall as any skyscraper in Australia. However, there is a skyscraper being built in Jeddah, Saudi Arabia, that will be over 1,000 metres tall when it’s finished. This will be the first building to ever rise over a kilometre high. It will also have 167 floors on top of each other! So, how tall could we build a skyscraper? It would be difficult, but we could probably build a tower over 2,000 metres tall, which would be like ten normal skyscrapers... View article »

The things around us are changing at a pace faster than any of us could have once imagined, and a major chunk of that is thanks to how technology is empowering businesses and individuals alike. And when it comes to buying something as important as a home, people are using technology more than ever. Real estate digital marketing possesses its own unique challenges to overcome. However, much like the highly tailored approaches other industries have developed, it can be done successfully for real estate too. So how to prepare your home for sale using digital marketing? Click on a video below If... View article »

Property market does not like uncertainty, and the Coalition win should return confidence to our subdued property which means our housing markets are likely to pick up by the end of the year. We are already seeing signs of market recovery, but what does that mean to you? Is it a good time to buy? A good time to invest? Or maybe better to rent? All answer in our weekly vBlog. If you have a question and would like Stevan to answer it, please submit to info@propertynest.com.au or simply via Online form ‘The tap has been turned back on’: APRA to relax assessment rate for home... View article »

The results are in and to the surprise of many, Scott Morrison has led the Coalition to win this year’s Federal election. And this means our housing markets are likely to pick up by the end of the year. The stability of government and the fact that there are no changes to negative gearing or Capital Gains Tax will encourage investors. The market hates uncertainty, and the Coalition win should return confidence to our subdued property. The timing of the bottom of this downturn will however depend upon the banks loosening lending restrictions and the timing of any interest rate cuts – the... View article »

With the 2019 Federal Election approaching this weekend, negative gearing has become a key campaign issue as each of the major parties offer significantly different policies should they win the election. In this video agent Stevan Vuk-Luboya explains what each policy means to Australians and their assets. Here we’ve outlined each major party’s election policies regarding negative gearing and the associated tax concessions. We’ve also taken a deeper look at what’s driving the debate, some key data to be aware of, what’s happening currently in the property market and the potential impact the changes could have on investors. What changes do the major parties... View article »

The Tartak millionaire waste collection family is tipping some of their Bingo Industries fortune into One Barangaroo, the apartment project by James Packer’s Crown Resorts Sydney. They are among the few, unconfirmed, well-heeled buyers who’ve been undertaking whisper-quiet negotiations to buy within the $2.1 billion project, which will have just 82 luxury apartments. No details have emerged relating to the apartment size and price but its 2021 settlement could even show they have bought adjoining apartments, possibly even a floor. The waste collection company — which operates 12 processing facilities across NSW — is headed by Daniel Tartak, the 33-year-old son of the... View article »

Australia’s housing market downturn, already one of the largest on record in terms of price falls and duration, is likely to come to an end in the second half of this year, says Paul Bloxham, Chief Australia and New Zealand Economist at HSBC. Australia’s housing market downturn, already one of the largest on record in terms of price falls and duration, is likely to come to an end in the second half of this year, says HSBC. The bank says “evidence of some stabilisation in the housing market is starting to accumulate”. HSBC says there have been few signs of... View article »

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Selling your family home and moving to another can be one of the most chaotic times of your life, but being organised will streamline the process and help reduce the stress. To make the sale run more smoothly, go through your house pretending to be an objective buyer and look for obvious faults which could be remedied, making sure these tasks are on your to-do list. 1. Know what you’re offering Does the statue, pot plant or chandelier stay with the house, or are you entitled to take them with you? As a general rule of thumb, anything attached should stay behind and... View article »

The NSW government is predicting a small reduction in house prices ahead of any implementation of the ALP's negative gearing policy, should Bill Shoten win office this month.It also expects a decrease in stamp duty revenue of $194 million over three years to NSW Treasury if the ALP is elected and successfully implements its controversial policy ending negative gearing. NSW Treasury modelling claims that transfer duty would decrease by 0.8 to 1.3 per cent in the three years to 2022-23 if Mr Shorten’s policy to stop negative gearing and increase capital gains tax for the purchase of existing properties, goes ahead... View article »