America’s central bank just hiked interest rates for the first time in nearly a decade. Fed President Janet Yellen said this new policy toward higher borrowing costs “is likely to proceed gradually.” I think she’s bluffing. I’ve said for months that I believe this rate
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Results for week ending December 13 The combined capital cities auction clearance rate improved slightly this week as determined buyers made their pre-holiday purchases on the final “Super Saturday” of the year. The Stats The preliminary numbers indicate that even the Sydney market may be
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There’s been a lot of talk lately about the future of interest rates. RBA governor, Glenn Stevens, recently issued the following prediction: “Global interest rates are still going to be very low for a good part of the decade ahead.”St. George Bank’s chief economist, Hans
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Results for week ending December 6 Over the past five weeks of sliding auction clearance rates, sellers have been tapping out in droves. In Sydney alone, more than 500 vendors cancelled their November auctions. This trend is not the sellers’ friend. Buyers continue to gain the
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In “Why the Chinese Love Australian Real Estate,” I said that unless something cataclysmic happens, off shore investment into our property market could be here to stay. While there’s nothing cataclysmic to report, the door to foreign investors just became a little less open. Strict
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Results for week ending November 29 Homebuyers must have been listening to Glenn Steven’s speech last week, because they sure seem to be following his orders to “chill out.” (More on that below.) But there’s no time to waste for sellers. They continued their mad
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We are currently in the midst of an unprecedented worldwide economic experiment. Since the global financial crisis, the central bankers of the largest economies in the world have slashed interest rates to zero, and in some cases, even below zero. The aim has been to
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Results for week ending November 22 With record supply on offer, demand in our two largest cities has tumbled. Melbourne just recorded its lowest clearance rate in over two years, and Sydney has now tallied three consecutive weeks below 60 percent. The Stats Melbourne’s clearance
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Every three months, the National Australia Bank (NAB) releases an update on residential property in Australia. They base their findings on a survey of approximately 300 respondents consisting of real estate agents, property managers, developers, asset and fund managers, valuers and property owners. The most
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The Australian taxation system is very generous to property investors. They can write off real estate losses stemming from expenses being higher than rent, in effect lowering or even eliminating their annual income tax obligation. In many instances, they qualify for a 50% capital gains
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