Smart Buying: How to Navigate Australia’s Spring/Summer Property Market

The nine suburban central business districts in the Northern Suburbs of the Illawarra are continuing to show the benefits of increased tourist visitation and a sustained residential population growth. Evidence of these thirving conditions is the sale made by MMJ Wollongong of 43-45 Princes Highway, Fairy Meadow. This transacted prior to auction, to an established local investor at a record yield of 4.2% net.  

How does the RBA interest rate affect you and your property value.  We constantly read and hear about the RBA’s interest rate and how it will affect the economy, but how many of us know what it is?

House prices slowed down, rents in capital cities became more unaffordable and interest rates remained unchanged in 2017, but what will happen in 2018?

In a proposed reform to credit unions, building societies and online lenders, the federal government is planning to loosen restrictions on which institutions can call can themselves a bank. The move is set to undercut the power of the Big Four Banks, increase competition, and give more options to borrowers.

The Australian Taxation Office (ATO) has changed the rules for clearance certificates yet again this financial year. The new rule was implemented as part of the 2017 federal budget and was in effect from July 1^st, 2017. It is due to affect approximately 60% of the housing market.