API Australian Property News

Court finds ‘subject to finance’ is not an easy way out

Wed, 15 May 2013 15:20:53 +1000

A recent court decision has demonstrated the ‘subject to finance’ clause is not a simple path to exit from a contract of sale.

Housing industry slams Budget

Wed, 15 May 2013 11:06:22 +1000

First homebuyers and the construction sector have been largely ignored in Wayne Swan’s latest Federal Budget, according to lobby groups.

NT Budget cash splash for housing

Tue, 14 May 2013 13:58:29 +1000

The Northern Territory Government has detailed a raft of cost-saving measures in today’s Budget, in a bid to return the balance sheet to the black.

Investors will benefit from purchasing in Sydney downsizing hotspots

Mon, 13 May 2013 16:52:34 +1000

Investors who buy smaller apartments in Sydney might dramatically benefit from a rising downsizing market, according to Urban Taskforce.

WA tenancy law changes ‘strike a balance’

Fri, 10 May 2013 16:07:20 +1000

New laws will make renting fairer for tenants in Western Australia and also protect the interests of property investors, the State Government says.

Housing a big income earner for government

Thu, 09 May 2013 11:26:07 +1000

Nearly half of all tax revenue collected by state and local governments in the 2011-12 financial year came from the housing sector.

Analysis confirms rising confidence

Thu, 09 May 2013 11:18:12 +1000

A survey released today shows the confidence of homebuyers is on the rise and they’re keen to invest.

Rate cut a free kick to real estate

Thu, 09 May 2013 08:46:10 +1000

Yesterday’s decision by the Reserve Bank of Australia (RBA) to cut the cash rate to 2.75 per cent was in response to factors beyond the real estate sector, according to one market analyst.

Victoria’s Budget delivers for some, not others

Wed, 08 May 2013 11:02:31 +1000

Grants for first homebuyers in Victoria will soon only be available for the purchase of newly constructed dwellings.

Latest interest rate cut breaks records

Tue, 07 May 2013 14:56:38 +1000

Australia’s official cash rate is now the lowest it has been since official records began in 1959, sitting at just 2.75 per cent.

Property settlements to go electronic

Fri, 03 May 2013 15:57:47 +1000

The era of physical title and bank cheque exchanges during property settlements may be over with the introduction of an online property platform.

More Aussies buying property

Thu, 02 May 2013 12:29:59 +1000

Buyers are coming back to the property market in droves, encouraged by lower interest rates.

First homebuyer grant changes in Victoria

Mon, 29 Apr 2013 13:52:45 +1000

Grants for first homebuyers purchasing an existing property will be scrapped in Victoria to fund extra support for those buying a new house or apartment.

Underperforming Brisbane to play catch-up

Mon, 29 Apr 2013 12:59:34 +1000

Brisbane’s property market is improving at a slower rate than other centres, according to information presented by Cameron Kusher, a senior research analyst with RP Data.

Smoke alarm laws on the way in Tasmania

Fri, 26 Apr 2013 10:02:37 +1000

Landlords in the Apple Isle will soon be required by law to install and maintain smoke alarms in rental properties.

SMSF spruikers under watchdog’s microscope

Mon, 22 Apr 2013 13:17:03 +1000

Dodgy investment spruikers hoping to cash in on the growing popularity of self-managed superannuation funds (SMSF) have been put on notice.

Property confidence on the rise

Fri, 19 Apr 2013 09:53:13 +1000

Sentiment within Australia’s property industry has risen to an 18-month high, driven by increased confidence in the housing market and easing financing conditions, according to the latest Property Council-ANZ Property Industry Confidence Survey.

Analyst’s report predicts Sydney price growth

Wed, 17 Apr 2013 15:50:37 +1000

A report released by SQM Research this week says Sydney property prices are set to continue rising this year.

Older people unlikely to downsize

Wed, 17 Apr 2013 15:48:26 +1000

Investors purchasing units around CBD locations might have less chance than they think of finding an older tenant.

NSW development approvals to be reduced to 10 days

Wed, 17 Apr 2013 11:10:52 +1000

Investors and developers lodging development applications (DAs) in New South Wales could soon have their waiting times and holding costs drastically reduced, with the State Government proposing to cut DA approval times to just 10 days.

Paying up for permanent parking

Wed, 17 Apr 2013 11:04:24 +1000

Trendy art deco apartments in Sydney’s inner suburbs typically don’t come with parking, but that’s no deterrent for homebuyers.

Housing finance lifts in February

Mon, 15 Apr 2013 15:59:07 +1000

Total housing-related lending rose by 1.4 per cent in February, with growth in activity among both owner-occupiers and investors.

Financial announcement boosts mining hub prospects

Thu, 11 Apr 2013 12:21:26 +1000

Cloncurry and Mount Isa have further improved the outlook of their property markets with the announcement this week of funding for a major zinc mining project.

Landlord’s right to draw down bank guarantees supported

Thu, 04 Apr 2013 12:03:54 +1000

A decision in the Victorian Supreme Court has backed the conditional right of a landlord to draw down funds from a tenant-provided bank guarantee.

Property market off and running

Thu, 04 Apr 2013 09:09:07 +1000

Australia’s housing market recovery and revival has been confirmed, thanks to high clearance rates, low interest rates and an increasing number of buyers, according to Australian Property Monitors.