The auction market is cooling, but potential homebuyers hoping for bargains may be disappointed to find there’s still ample competition.
Home buyers are showing signs of fatigue in the face of sky-high property prices.
Industry experts reported a flurry of hungry home hunters in each city at key auctions
Homeowners who sell their properties off-market could be sacrificing around $30,000 compared to taking them to auction, a new report has found.
The Canberra and Brisbane markets are red-hot while Melbourne clearance rates declined marginally in a market where auction volumes rose 14 per cent.
Sydney is forecast to host the busiest auction week of the year as more than a thousand owners try their hand at selling.
Auction volumes have remained high, but clearance rates have steadily declined in recent weeks.
Almost two-thirds of auctions scheduled in Melbourne during the week ending last Sunday were withdrawn.
Cracking into Canberra's property market was already a struggle, but the current lockdown has made buying a home even more difficult.
Australian Property Investor Magazine
Not too far long ago we would browse the local agent’s windows or newspapers for available properties, then the huge success of online portals made browsing on your couch a daily habit.
Real Estate Institute of Australia (REIA) has said the Australian Bureau of Statistics (ABS) show activity has increased across the board with growth in lending recorded for first home buyers, investors and owner occupiers.
When faced with an ‘adapt or die’ scenario the construction industry and key players within it are taking the opportunity to push boundaries and technologies to benefit the long run, making changes to work practices, technology and ideologies.
The REIQ and Queensland Law Society (QLS) are preparing new editions of the EF001 - Contract for Houses and Residential Land (17th ed) and EF003 - Contract for Residential Lots in a Community Title Scheme (13th ed) to be released on 20 January 2022.
End of a low-rate era The lowest fixed home loan rate on record has been increased this week, unfortunately ending the ultra low rates we’ve been accustomed to.Greater bank lifted their 1-yr rate of
Perth and Brisbane may be on opposite sides of Australia but the roughly two million inhabitants in each city enjoy a lifestyle centred on sizeable properties or modern apartments, plenty of sunshine and good public facilities, schools and universities.
Join Steve Douglas as he discusses:
- Global financial markets, issues & influence on our daily lives;
- Australian property markets, driving factors and has it peaked?
- International markets review & forecast;
- Australian Dollar review & prediction;
- Interest rates…
Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …