The Property Council of Australia has welcomed Assistant Treasurer Bill Shorten’s announcement of new rules that declare sales of homes built under development lease arrangements, commenced before 27 January 2011, will not pay GST.
Residential development lease arrangements are used by government to partner with the private sector to supply housing on publicly owned land.
On 27 January 2011, the Federal Government announced new rules that applied … Continue Reading »
Posted on 27th September, 2011 in Real Estate News by
Tough economic times can be especially draining for small businesses owners and at Yellow Brick Road we have a series of questions that we ask our clients when they come to us for advice.
The first thing we want to know is simply, “do you have a business plan?”. A business plan is essential because it contains the objectives of your business, how it … Continue Reading »
Posted on 23rd September, 2011 in Finance, Market talks, Real Estate News by
First home buyer enquiries are increasing as they are poised to make a strong return to the real estate market, according to mortgage broker Loan Market.
New South Wales is leading the national surge as first time buyers move quickly to beat the loss of stamp duty concessions at the end of the year.
Loan Market Chief Operating Officer Dean Rushton said enquiries from first … Continue Reading »
Posted on 20th September, 2011 in Real Estate News by
Last week Commonwealth Bank became the latest of the big four to launch a marketing campaign aimed at undercutting the competition with low interest rates. CBA’s Home Loan Guarantee promised consumers that they’d beat any rate offered by ANZ, NAB or Westpac through to the end of September. Sounds like a good deal for mortgage holders, but what many people don’t realise is … Continue Reading »
Posted on 16th September, 2011 in Finance, Market talks by
Andrew Wilson, The Sydney Morning Herald, September 12, 2011
SYDNEY’S spring property selling season showed the first signs of coming to life at the weekend with government policy initiatives and data released last week pointing to this trend continuing.
The weekend’s auction clearance rate rose to 60.7 per cent, much higher than the previous weekend’s 51.8 per cent and, more significantly, the highest … Continue Reading »
Posted on 12th September, 2011 in Finance, Market talks, Real Estate News by
A national survey of Generation Y first-time property investors has found 43 per cent are putting aside the Great Australian Dream of home ownership, opting instead to buy an investment property as their first purchase.
The Mortgage Choice 2011 First Time Property Investors Survey shows 77 per cent of Gen Y respondents are making lifestyle sacrifices to achieve their goal, compared to 66 per … Continue Reading »
Posted on 12th September, 2011 in Market talks, Real Estate News by
The RBA made the decision to keep rates on hold for the ninth consecutive time this year, providing a sigh of relief for nervous mortgage holders. But the decision did little to mitigate consumer uncertainty, as we’re still left with looming economic volatility. Last week I told you about Louie, the Sydney CBD fruit vendor who is seeing the spending behavior that we … Continue Reading »
Posted on 9th September, 2011 in Finance, Market talks, Real Estate News by
There was mixed news for property owners this week.
On Tuesday the Reserve Bank board delivered some good news to home owners leaving interest rates unchanged at 4.75 per cent. While rates have now been consistent since November 2010 the market continues to bet the next move in interest rates will be down. Markets are now factoring in more than 1.25 percentage points of cuts in … Continue Reading »
Posted on 8th September, 2011 in Finance, Market talks, Real Estate News by