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Sydney and Melbourne auction sales hit year highs

Sydney and Melbourne property markets had their strongest auction performance in more than a year, following a period of declining property prices and sluggish sales. The return of confidence has been credited to multiple factors including cheaper borrowing due to an interest rate cut, and the preservation of negative gearing and capital gains concessions following the federal election. Commentators say if strong auctions numbers continue, it may indicate that declines in Sydney and Melbourne markets have run their course. After a prolonged period of decline in Sydney and Melbourne – which saw real prices fall 16.5% and 11.8% respectively from their recent peaks... View article »
Posted in Buy, Latest news, News, Sell on 18th June, 2019

Property Nest Questions & Answers Round 7: Serious Buyers

With more buyer and seller confidence returning to the market, this week agent Stevan shares a “To Do List for Serious Buyers”. Have your finance approved. Choose reputable agent. Do suburb due diligence. Ask yourself, how long are you planning to live in a property? Have a question about Property market? Send it to info@propertynest.com.au or simply via Online form and watch your question answered in a next episode.   View article »
Posted in Buy, Latest news, News, Sell on 7th June, 2019

How RBA interest rate cut will affect property market?

The Reserve Bank’s cut to official interest rates is set to offer a boost to the weak property market, as experts look towards the bottom of recent price falls. But within an hour of the decision on Tuesday, ANZ declined to pass on the full rate cut to borrowers, instead reducing rates by only 18 basis points and acknowledging some customers would be “disappointed”. Commonwealth Bank and NAB will pass on the 25 basis point cut to both owner-occupiers and investors. The central bank cut the cash rate to a historically low 1.25 per cent, from 1.5 per cent previously – its first... View article »
Posted in Buy, Latest news on 5th June, 2019

How tall is too tall? Building the World’s tallest skyscraper.

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 »
Posted in Latest news, News on 30th May, 2019

Property Nest Questions & Answers Round 6: How to prepare your home for sale using digital marketing?

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 »
Posted in Latest news, News, Sell on 30th May, 2019

Questions & Answers Round 5: What should we do now?

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 »
Posted in Buy, Latest news, Manage, News, Sell on 22nd May, 2019

Which direction property prices will go now after Coalition win?

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 »
Posted in Latest news, News on 21st May, 2019

Questions & Answers Round 5: Australian Federal Election Negative Gearing Explained

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 »
Posted in Buy, Manage, News, Sell on 16th May, 2019

Tartak family rumoured to be One of Barangaroo buyers

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 »
Posted in Latest news on 14th May, 2019

Australian home prices will bottom later this year. ‘The correction is nearing its end’: HSBC says.

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 »
Posted in Buy, News, Sell on 13th May, 2019