Archive for the ‘Rent’ Category

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 »

This week agent Stevan Vuk-Luboya is talking about investors. You asked, we answered! 1. "What are your legal rights as an investor?" 2. What actions should you take if you planing on selling your investment property which is currently tenanted?" [caption id="attachment_1655" align="alignnone" width="700"] If you have a question and would like Stevan to answer it, please submit to info@propertynest.com.au or simply via Online form[/caption] View article »

Property Nest has launched Questions & Answers last week, and today we are sharing Round 2. In this video, Agent Stevan Vuk-Luboya answer to these questions: 1. How do you compare last downturn in 2011-2012 with the current property downturn? 2. What buyers are looking for in current market? 3. What advise could you give to property investors? 4. What are the challengers for motivated sellers? If you have a question and would like Stevan to answer it, please submit to info@propertynest.com.au or simply via Online form here:  View article »

Throughout 2018, Australia’s population hit a milestone of 25 million, years ahead of the expectations of the Australian Bureau of Statistics. Strong levels of overseas migration and a robust health system saw our nation’s population grow faster than the majority of the OECD. Since 2000, our countries population has added the equivalent to the whole population of Queensland and this growth is still apparent today, with the ABS estimating Australia adds a new residents every 83 seconds. Possibly the biggest success story over this period in terms of property, was the growth of the Western Sydney market. A region that was... View article »

Investors should try to seal their property purchases before January 1 to lock in existing negative gearing tax breaks and capital gains tax discount rather than buy "riskier" newly-built property under Labor's proposed tax reforms, say financial advisers. Jonathan Philpot, a partner at accountants HLB Mann Judd, said investors "still had time" to acquire negatively-geared existing property if they wanted to build their wealth that way. "But they have to get their acts into gear now because it's a tougher process with the banks to get loans approved," he said. Mr Philpot discouraged investors from holding off and investing in riskier newly-built property... View article »

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Only five percent of homes are in negative equity, the RBA Governor Philip Lowe advised in his speech to the AFR Business Summit. "Our estimate is that currently, less than five percent of indebted owner-occupier households have negative equity, and the vast bulk of these households continue to meet their mortgage obligations," Lowe said. "The nature of Australian mortgages – in which there is an incentive to make prepayments – has also helped," Lowe added. Lowe expects a further tightening of the labour market, which will see a gradual increase in wages growth and faster income growth. "This should provide a counterweight to the effect on... View article »

Sydney Olympic Park has experienced some strong sales early in the year with a suburb record price being achieved July (Opal Tower), most notably the highest price paid was for 3301/1 Brushbox St Sydney Olympic Park. 2018 will remain a year of strong sales and weakening interest, with the year starting out with strong consumer confidence and bullish buying behaviours, and then transitioning to a market fuelled by fear and speculation. Finishing the year some 10% down on sales prices and some 18% down on sales volume. This was largely due to the tightening of lending conditions led by APRA, and... View article »

The policy outlook is firmly linked to progress in reducing the unemployment rate and moving the inflation rate back into the 2-3% policy band. The risks around the outlook centre on the household sector and dwelling investment. The Bank remains generally comfortable with the outlook for business investment; government spending and external conditions. Clearly, developments in the housing market, particularly in Sydney and Melbourne, are attracting considerably more attention than we had seen in the minutes of meetings held in 2018. In particular, the Bank’s current position that the effect of recent price falls on overall economic activity was expected to be relatively small... View article »

When it comes to property managers, there are certain qualities you just can’t do without. Attention to detail With so much paperwork and important dates that need to be met regularly, attention to detail and organisation are critical skills your property manager simply has to have. Within the properties themselves, a property manager’s ability to pick up on the features and little details that will appeal to certain tenants will help to deliver happier tenants who’ll want to remain in the property longer, providing a more stable rental income to landlords. Passion If you rent long enough you might ran into a property manager who... View article »