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We need to lower rates to lift private spending

12 April 2012

FRANK GELBER, ECONOMIST Date: 5 April 2012 Source: The Australian PROPERTY markets — along with the economy — are still soft, so we’re going to have to be a little patient. On the positive side, it gives us time to get set in an undervalued market. Overall, growth isn’t too bad now, but much of [...]

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Wake up! Boom nation with recession mentality fails to savour $500bn prosperity road ahead

11 April 2012

TERRY RYDER, HOTSPOTTING Date: 5 April 2012 Source : The Australian I HAVE a conviction, one that is confirmed everywhere I go, that Australians do not comprehend the scale of what’s coming to our economy. We’re on the threshold of the greatest period of prosperity in our history and there will be mega repercussions for [...]

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Industry backs ’100 days’ blitz

5 April 2012

Queensland Premier Campbell Newman has been given a ringing endorsement from the state’s property community, as the new government vows to reintroduce a key tax exemption and slash red tape. Within its first 100 days the LNP government will put up legislation enabling the reinstatement of stamp duty discounts for the principal place of residence [...]

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Rates Update

5 April 2012

The Reserve Bank of Australia (RBA) opted to leave the cash rate unchanged at 4.25% at its monthly meeting yesterday. In a move widely expected by economists, a relatively more stable economic outlook and lack of major domestic data seem to have contributed to the decision. That said however, the majority of senior economists believe [...]

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Land tax valuation system under fire

5 April 2012

Thursday, 29 March 2012 By: Staff Reporter The land tax valuation system is once again under fire as properties are being over priced by the NSW Valuer General causing greater tax rates for investors. Although a person’s principle place of residence is exempt from this tax, according to the Office of State revenue land tax [...]

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Cash rate stays the same.

3 April 2012

The Reserve Bank of Australia (RBA) opted to leave the cash rate unchanged at 4.25% at its monthly meeting today. In a move widely expected by economists, a relatively more stable economic outlook and lack of major domestic data seem to have contributed to the decision. That said however, the majority of senior economists believe [...]

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Australian Rental Market

21 March 2012

Let’s have a chat about the residential rental market. We all know that the vacancy rate remains tight. But few realise just how tight it has become. Of the 1,600 odd postcodes across Australia with rental properties in them, 475 or 30% have a vacancy rate under 1%. Seven out of ten postcodes have a [...]

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Housing shortage could fuel price growth

21 March 2012

A slowdown in new dwelling construction and record levels of overseas migration have induced a housing shortage across the country that is expected to prevail for at least the next four years. BIS Sharpnel’s Outlook for the Australian Residential Housing Market report indicated that there was a shortfall of around 100,000 dwellings in June. The [...]

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Conservative valuations lead to deals going sour

14 March 2012

By: Chris Herde From: The Courier-Mail March 09, 2012 9:35AM McGees Property director Justin Clarke says valuers are being excessively cautious. Picture: Tim Marsden UNDER-PAR valuations have resulted in a surge of property transactions either collapsing or needing to be overhauled, according to McGees Property director Justin Clarke. Mr Clarke said while the current market [...]

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ANZ first to lift rates – more tipped to follow

14 March 2012

ANZ has lifted rates on some of its fixed packages. ANZ has become the first of the big four banks to raise some home loan rates just days after the RBA kept the official cash rate on hold. In a further sign that the banks are moving independently from the RBA, ANZ will lift some of [...]

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