Posts Tagged ‘real estate newcastle’ home

Recent fire damage in a Newcastle rental property.

It may, or may not, come as a surprise to learn that landlord’s insurance is not compulsory in NSW. By choosing to not pay for landlord insurance you may think that you are saving money, but it’s a false economy. Here at Walkom Real Estate, our decades of experience … Read the full post »

It wasn’t so very long ago that the Australian dream was to own a quarter acre block in the suburbs with a Hills Hoist in the backyard. Most people had reasonable expectations that they would one day be able to own their own home. Apartments were for investors and young trendy professionals living in cities … Read the full post »

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 »

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.

With national rental vacancy rates the lowest they’ve been in ten years and the average gross rental yield at 3.3% nationally, it’s a good time to consider property investment in 2022.