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News

News | Lastest Real Estate News

30 Aug 2010 - Daffodil Day

The team at TracyRoberts raised $140 for Daffodil Day!

23 Aug 2010 - Why the cash rate has remained at 4.5%

Australian consumers continue to dodge an interest rate hike as, in line with predictions, the Reserve Bank of Australia kept the cash rate steady at 4.5% this month. But why?

In its meeting minutes released late yesterday, the RBA reported the major news in the domestic economy had been that underlying inflation had continued to fall and was now below three per cent. Were it not for the effect of the rise in tobacco excise earlier in the year, CPI inflation would have remained below 3 per cent, the report said.

http://experts.realestate.com.au/buying/buying-news-why-the-cash-rate-has-remained-at-45

16 Aug 2010 - RSPCA Cupcake Day

We raised a total of $500 for the RSPCA Cupcake Day.

Rob and Tracy matched us dollar for dollar taking it to a total of $1,000!

3 Aug 2010 - Reserve Bank Interest Rate Announcement

Interest Rate Announcement
news.domain.com.au/domain/real-estate-news/no-change-for-rates-20100803-1149g.html

27 Jul 2010 - Homes worth more on a street than on a road

ADDRESSES containing the word "street" are worth $100,000 more than those ending in "road".
But people who live in avenues, esplanades or parades are doing as much as $400,000 better.

http://www.news.com.au/money/property/why-homes-are-worth-more-in-a-street/story-e6frfmd0-1225896548133

27 Jul 2010 - Investors continue to fill the gap

When June quarter property prices are released in late July and early August, it's very likely we'll see house price growth down significantly from the rates we saw in March and December. The figures probably won't show falling prices, but growth will be a lot closer to zero than it has been for well over a year.
http://www.investsmart.com.au/promostrip/images/Investors%20Returning.pdf?et_lpid=179680&et_cid=13557914&et_rid=680180053&Linkid=To+read+the+full+article+by+APM+economic+Matthew+Bell%2c+click+here

18 Jun 2010 - Depreciation - the forgotten tax deduction

Around this time every year the media turn their attention fleetingly to depreciation. Their favourite statistic is that ‘80% of people don't claim depreciation on their investment property'.
http://www.propertyupdate.com.au/articles/depreciation---the-forgotten-tax-deduction.html

18 Jun 2010 - RBA to leave rates on hold for "near term"

The RBA is expected to keep the official cash rate on hold until at least August, having moved rates back to more "neutral levels".
http://www.rebonline.com.au/breaking-news/3183-rba-to-leave-rates-on-hold-for-qnear-termq

18 Jun 2010 - More Benefits for More NSW Home Buyers

50% of Stamp Duty
http://www.homebuyer.nsw.gov.au/newly_built.html

18 Jun 2010 - First Home Owners Grant Changes

NSW New Home Buyers Supplement ends
The $3,000 NSW New Home Buyers Supplement finishes on 30 June 2010 and will not be available where the eligible transaction is dated after 30 June 2010.

First Home Owner Grant and First Home Plus continues
The $7,000 First Home Owner Grant and the exemption from duty of up to $17,990 under the First Home Plus Scheme will continue to be available after 30 June 2010.

http://www.osr.nsw.gov.au/benefits/first_home/

21 Oct 2009 - Sydney's median value has increased to $610,500

Demand for homes exceeds supply and this initially put a floor under property prices and has now translated to increasing values.
http://www.smartcompany.com.au/property-investor/20091021-latest-figures-show-our-housing-markets-are-on-the-move.html

9 Oct 2009 - Investors set to flood market

Almost 90 per cent of investors will purchase property in the next two years, a survey from PRDnationwide has found.
According to the results, 70 per cent of respondents would buy interstate and 66 per cent are looking for long-term capital growth
The survey of 764 investors found the majority are seeking a property priced between $300,000 and $450,000 which achieves a rental return of between 4 to 5 per cent annually.
www.rebonline.com.au/breaking-news/2683-investors-set-to-flood-market-survey

1 Oct 2009 - National values jumped almost 2%

According to RP Data-Rismark National Home Value Index, home values in Australia rose by an exceptional 1.9 per cent during the month of August. This brings cumulative capital growth in the first eight months of 2009 to a better than expected 7.9 per cent.

www.rpdata.com/press_releases/record_august_growth_in_home_values_despite_first_home_buyer_demand_winding_back.html

31 Aug 2009 - Seven months of growth.

Over the first seven months of the year Australian home values increased across every capital city, rising by 5.9 percent nationally, Sydney helped lead the way with 6.6 percent growth.
www.rpdata.com/press_releases/australian_residential_markets_continue_to_record_solid_gains_in_july.html

28 Aug 2009 - Buyer activity improves

Auction clearance rates remained above 80% in Melbourne and 70% in Sydney suggesting that vendors are setting realistic reserves on their properties. The high clearance rates can also be tied back to an increase in competition amongst buyers as market activity improves.
www.vision6.com.au/em/mail/view.php?id=1489710430&k=62b1562

18 Aug 2009 - Happy Christmas, GFC is over...and here's a rate rise

The Reserve Bank may raise interest rates by Christmas as it eyes an economic recovery, experts have warned.
The central bank confirmed today that it was only a matter of "when", not if, interest rates will rise as the economy rebounds.
However, providing some relief for hard-pressed homeowners, the RBA indicated that the rake hike may not materialise immediately, as the bank is wary of "choking off confidence and demand prematurely".
An immediate rate hike threatens to unravel a fragile consumer confidence - only recently buoyed by government stimulus cheques and a surprising resilience in the job market.
money.ninemsn.com.au/blog.aspx?blogentryid=445289&showcomments=true

17 Aug 2009 - The market bounces back

In the news this week all reports are that the property market has bounced back from the slowdown in 2008 and set for growth through the spring market this year.

The rebound in the property market can be attributed to a few key fundamental elements.

•Historically low interest rates
•Incentives for first homebuyers through government grants and bonuses
•Low supply of available property to purchase
•High rental yields attracting property investment and improved cashflow
•Steadily increasing population
www.propertyplanning.com.au/Newsletters/in_the_news_-_14_august_2009

8 Aug 2009 - Near 50 year low cash rate just 3%

The Reserve Bank of Australia decided to keep Australia's cash rate at a near 50 year low of just 3% when they met this week. In his statement the Reserve Bank Governor pointed to the fact that worldwide economic stimulus was helping the global economy to stabilise.
www.vision6.com.au/em/mail/view.php?id=1342119802&k=9cf520b#Paragraph_2

27 Jul 2009 - Good news for property investors!

Despite many forecasters having predicted a property crash over the last year, the major property markets around Australia, seem to have had a soft landing. In fact the lower end of the markets could almost be classed as booming and property values have risen strongly, making up much of the lost ground caused by the financial crisis.
www.propertyupdate.com.au/

20 Jul 2009 - Confidence remains positive

Recent data releases have continued to paint the domestic economy and residential property market in a relatively positive light. Consumer confidence has remained in positive territory the last two months, unemployment figures are lower than most expected, housing finance commitments continue to trend upwards and interest rates have remained at 45 year lows.
www.vision6.com.au/em/mail/view.php?id=1483228048&k=cefcd69

19 Jun 2009 - Slow recovery to 22% growth in 3 years

House prices could rise by as much as 22 per cent during the next three years, an economic forecaster says. "The conditions are ripe for a sustained recovery in residential property prices," according to BIS Shrapnel's Residential Property Prospects, 2009 to 2012, report.

"Low interest rates, solid growth in rents and housing shortages are evident in most markets. "However, the current economic malaise will mean confidence will only recover slowly during 2009-10."

"We expect rising confidence in the prospects for an economic recovery in 2010, so investors are likely to return in greater numbers, attracted by increased rental returns and low interest rates." BIS Shrapnel estimates Sydney's median house price at June 2009 to be $530,000, and predicts it will rise by mid-2012 to $630,000.
www.propertyplanning.com.au/Newsletters/in_the_news_19_june_2009

4 Jun 2009 - Interest Rates on Hold

Following the RBA's Board meeting this week it was announced as expected, that the cash rate would remain on hold at 3.0%. This was a predictable outcome given a number of positive data releases over recent weeks. In the RBA Governor's statement he noted that, "The prospect of inflation declining over the medium term suggests that scope remains for some further easing of monetary policy, if needed. -
www.rpdata.com

29 May 2009 - Healthy Increase

Home values continue to recover, recording a healthy 2.8% increase over the first four months of 2009
The RP Data/Rismark Australian Home Value Index out today confirmed that housing values around Australia rose by a healthy 2.8 per cent over the first four months to April 09—virtually wiping out the price falls seen in 2008 according to RP Data National Research Director Tim Lawless.

www.rpdata.com

4 Feb 2009 - Save the Buses

LOCAL businesses are standing together in opposition to proposed bus-route changes throughout Holroyd.

They predict a dramatic drop in customers if the changes are approved.

The chairman of the Merrylands CBD Committee, Sheldon Ross, Trevor Oldfield representing Wentworthville retailers, Rob McIntyre representing Greystanes Shopping Centre and Danny Mannix from the Hilltop Road area in Merrylands met on Thursday to discuss the likely effects of cuts.

http://www.parramattasun.com.au/news/local/news/general/business-fights-changes/1423264.aspx