It is fair to say that coastal property prices over the past few years are dragging capital city growth. However this means there are now more buying opportunities for people considering a sea change. The biggest advantage associated with coastal living is relatively cheaper costs. One recent industry report found that house prices in coastal …
How will the First Home Buyers Cap affect you?
With Australia’s economy continuing to rebound, the Federal Government has introduced a First Home Buyer’s Cap on new and existing homes, effective from January 1, 2010. Under the cap, fi rst home buyers will be restricted to purchasing homes less than $750,000 in NSW, WA and Northern Territory and $1 million in Queensland. Australian Property …
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How to Choose the Right Investment Property
For a long term investment, we must look at buying property in the major cities of Australia. In the smaller capital cities, try and stay within a 10 km radius of the CBD. For Melbourne and Sydney, we can go out to a 15 km radius. It is important to understand that we want our …
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Rising Rents and Home Prices in 2010
Australia’s rapidly growing population and overseas migration is set to underpin the Australian property market in 2010 according to Angus Raine, CEO, Raine & Horne. “Building approvals levels are currently running around 145,000 per year according to industry averages, which is well short of the new homes required to meet our rapidly growing population.” According …