Construction company Pindan group has gone into external administration, potentially leaving hundreds of subcontractors thousands of dollars out of pocket.
DEBT
Private sector credit (effectively outstanding loans) rose by 0.4 per cent in March – the biggest increase in 13 months.
Home buyers now need to be making a six figure salary to afford the mortgage on an average house or apartment in Sydney
More than one in six households in Sydney city and inner south are holding an apartment worth less than the mortgage balance.
The success of the COVID-19 vaccine worldwide gives us cause for optimism, and it also means a new threat: inflation.
As loan deferrals get set to expire, thousands are going to face tough decisions as they struggle to make repayments on home and business loans.
Record low interest rates are driving house prices higher, particularly in the regions, but some experts warn it’s unsustainable.
Inflation is the spice of economic life. And the spark’s gone out.
The Reserve Bank board has held official interest rates at a record low, while revealing plans to create another $100 billion to buy government debt.
Australian Property Investor Magazine
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The gap between house prices and apartment values has widened to a chasm, with detached dwellings appreciating more than twice as fast as multi-residential over the course of the pandemic.
Additional support measures for landlords and tenants impacted by the most recent lockdowns in New South Wales and Victoria have been unveiled, jointly funded by state and federal governments.
As far as pathways to an international property portfolio go, the route travelled by author, buyer’s agent and investor Pete Wargent is anything but typical.
Billion dollar development group ID_Land is looking to cash in on Australia’s regional property boom with $100 million worth of site acquisitions in country Victoria, while at the same time launching a new funds management division.
One of Australia’s most prolific apartment developers says investors are likely to turn their attention from detached housing to multi-residential dwellings in coming months, as the nation’s unprecedented simultaneous property upswing continues to broaden.
Private investors are driving a resurgence in industrial assets in Western Australia, enticed by strong income-producing opportunities in warehouses and logistics properties, service stations, medical clinics and childcare centres.
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