New South Wales is putting a hold on stamp duty as it aims to boost house construction and jobs amid the coronavirus pandemic.
Housing sentiment lifted in the June quarter after restrictions started to ease, but the rising number of virus cases in Victoria and NSW could break the fragil…
Young Sydneysiders wishing to purchase their first property will have to save an additional 14 months to secure a deposit as a result of COVID-19.
Dropping property prices will open the door for more first-time home buyers looking to snap up a bargain in the wake of the coronavirus pandemic.
The coronavirus crisis is unlikely to make real estate affordable for young, first-home buyers despite predictions of double-digit price falls, experts say.
First home buyers in NSW have saved almost $1 billion in stamp duty, or an average of $15,000 each, since generous concessions were introduced 18 months ago.
Australian Property Investor Magazine
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The Federal Government’s $25,000 handout to those building a new home has prompted major developers to bring forward land releases in a bid to capitalise on the rush of first-time buyers looking for a discount.
Investors and tenants have flocked to a new apartment development in Sydney’s south west, providing a stark contrast to surging rental vacancies in the inner city and providing an insight into potential tenant behaviour post-pandemic.
Instead of a property crisis, COVID-19 is creating opportunity, according to Clearstate general manager Steve Barlow, Australian Property Investor Magazine's latest Expert in Focus.
A major shift has taken place in the furnished house and apartment rental market, with demand crunched in most CBD and inner suburban markets but soaring in regional tourist towns.
Perth property appears to be on the upswing, with sales rebounding, rental vacancies shrinking and investors eyeing potential returns as confidence continues to grow in the WA capital.