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Archive for September, 2011

Property industry praises GST decision

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 »

Yellow Brick Road – Smart Questions for Small Businesses

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 »

First home buyers to put their stamp on property market

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 »

Yellow Brick Road – The Big Four Banks

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 »

Sydney home buyers awake from hibernation

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 »

Gen Ys save for investment, not home

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 »

Yellow Brick Road – Know Your Super Fees

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 »

Game change for properties under $600,000

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 »