Rental affordability in NSW has become a hot issue and with a new Labor government in power, there are significant changes to the industry being considered and new laws being adopted. Demand for rental properties in recent years has surged, causing an increasing competitiveness in the market. One of the consequences of this cutthroat environment has been the … Read the full post »
With a new government in NSW comes more changes to property taxation that stand to benefit first home buyers. The planned changes to stamp duty thresholds and access to more first home buyers’ concessions will see five out of six first home buyers paying a reduced or zero stamp duty.
Property analysts are reversing their dire outlook on the future state of the industry and seeing an increase or stabilisation in property values rather than the decline previously forecast. According to The Australian Financial Review, Westpac had previously predicted an 8 percent decline in Sydney property values but is now confident of … Read the full post »
The Hunter region has had a 66% increase in land values since July 2021 – the largest increase of any region in NSW. The second largest increase was felt by the Murray region with 52.8%. The increase in land values has a significant impact on land tax, payable by property investors, but it also affects … Read the full post »
There is no doubt that the Federal Budget handed down by Dr Jim Chalmers last month is a budget for the times we are living in.
The NSW State Budget for 2022 was announced on 21 June and included plenty to unpack for those of us in the real estate industry. We’ve done our best to break it all down for you.
Australians have just experienced the first interest rate hike since November 2010. Many homeowners have never had to face increasing mortgage repayments in the life of their loan, and with experts predicting that they’ll rise substantially more before they even out, you could be forgiven for experiencing some feelings of nervousness about your finances.
As we head toward the end of the financial year, thoughts turn toward our taxes. Over the past couple of years, there have been changes to the rules around property investment and rentals due to government regulations during the COVID pandemic.
Currently, there are several major infrastructure projects scheduled to take place across Newcastle, all of which will improve the liveability of the city and the region, drive jobs, boost the economy and increase property values.
There is no question that it is a landlord’s market at the moment with record low vacancies and higher yields. This situation is expected to continue throughout 2022 despite the expectation that interest rates will rise before the end of the year.