State Of The Nation Compiled By Kevin Lee of Smart Property Adviser Issue # 043 June 14, 2013
Sunshine Coast Unit Prices Still Falling: REIQ
Investors Under ATO Scrutiny
Prices of units and townhouses on the Sunshine Coast have fallen despite an increase in sales activity, according to the latest data report by the Real Estate Institute of Queensland (REIQ). The report found that the median price of units on the Sunshine Coast have declined by 1.5% from last year’s $340,000 to March’s $335,000, with no change in the March quarter. 12 June 2013. More.
More than 110,000 investors are in the Australian Taxation Office's (ATO) spotlight for having made incorrect claims, new information has revealed. With investors having claimed $39 billion in deductions over the 2010/2011 financial year – an 18 per cent rise on the previous year – 110,000 of the 1.3 million investors claiming losses, have been said to be incorrect with their tax claims. 12 June 2013. More.
Brisbane Unit Markets Surges Brisbane’s inner-city apartment market is having its best time in almost a decade. Two research reports confirm that sales in the March Quarter were the highest since September 2004, boosted by the release of six new projects. Reports from Place Advisory and Colliers International tell similar stories and not only of a rising tide of buyers for CBD and near-city units. 11 June 2013. More.
Market Strong As Buyers Back Bricks And Mortar Australians continue to support housing markets as home loans just keep rising. Latest ABS data reaffirms this year's rising buyer activity and increased confidence in Australia's robust and resilient housing markets. The April data revealed that 118,975 loans have been approved for the purchase of owner-occupied homes over the first four months of this year. 12 June 2013. More.
Alpha The Latest Project To Hit Sydney's Lewisham The latest project to arrive in Sydney’s Lewisham is the Alpha Apartment complex, boasting 68 apartments across five levels. Located on the corner of McGill Street and Canterbury Road, the property features one-, twoand three-bedroom apartments and has been designed by Tony Owen Architects. 12 June 2013. More
Lending For New Homes Rises In Australia, But Not Fast Enough Say Industry Experts New home lending for owner occupiers in Australia is increasing but it is not going up fast enough to make much impact on the housing market, according to the Housing Industry Association. The latest data from the Australian Bureau of Statistics shows that in some sectors loans increased slightly but in others they were static in April of this year. 11 June 2013. More.
Fancy that: A Surge Of Singles Hits Inner City Sydney's young singles are converging on a select few inner-city suburbs, turning them into a hive of cosmopolitan activity. In Darlington, three out of four residents have never married and, in several other suburbs, more than half are single. 9 June 2013. More.
Pictures Put Sale In Focus They say a picture tells a thousand words and experts insist this is particularly true when it comes to buying and selling property. Agents believe good photography not only helps find a buyer, but also helps increase the sale price. 10 June 2013. More.
State's Building Home Truths North-West towns Port Sorell and Latrobe are Tasmania's only shining lights in a new report on the nation's residential building hotspots. The report has revealed how bleak things have been for the state's housing and building industry in recent years and how much the Tasmanian population has stagnated. 7 June 2013. More.
Property Very High On The Radars Of High Net Worth Investors, And Increasingly Through SMSFs One in four wealthy investors have a self-managed super fund though there lingers a strong preference for owning an investment property outside of super, a new survey has revealed. Around one in two (54%) wealthy investors – those with at least $500,000 to invest – own an investment property, with a quarter (24%) maintaining a self-managed super fund, according to a Hall & Partners Open Mind survey of 202 wealthy investors carried out for The Australian newspaper. 7 June 2013. More.
Rental Demand Key To Finding Best Property A new survey has found that, when it comes to finding the best property, investors overwhelming look for areas with the best tenant demand above any other factor. Sixty-six per cent of respondents from Mortgage Choice’s 2013 Homeowner Intentions Survey pointed to tenant demand as the main consideration for choosing an investment property. 12 June 2013. More.
www.smartpropertyadviser.com.au E: firstname.lastname@example.org T: (02) 9980 1311 M: 0416 083 995 Disclaimer: This document is a compilation of recent articles published in the media. The media sources are quoted beneath their respective article capture. Smart Property Adviser does not claim to be the author of any articles included within this document.
State Of The Nation Continued… City's Destiny Is High Density It's on for young and old in the Sydney of the future, as baby boomers and first-time buyers drive demand for urban centres that have it all. First-home buyers and last-home buyers have something in common: they both want the buzz of living in all-you-can-get urban centres. 8 June 2013. More.
Expectations About Dwelling Values Over Next Six Months Strongest In Perth And Darwin: RP Data Survey Consumers in the Northern Territory, Perth and Sydney are the most optimistic about dwelling values rising over the next six months, according to research by RP Data and Nine Rewards. RP Data surveyed 1,030 consumers prior to the May 14 federal budget statement and asked them about their expectations for the housing marketover the coming months. 7 June 2013. More.
Australian Dream Is Still Alive Lifestyle options are drawing more buyers to Sydney's outer suburbs. As Sydney's population continues to skyrocket, so does the amount of high-density development in the inner and middle rings of the city. But despite an apartment boom, demand for the Great Australian Dream is still high. 10 June 2013. More.
Over Half Plan To Buy In Next 2yrs Over half of Australian home owners plan to buy in the next two years, according to a survey by Mortgage Choice. The 2013 Homeowner Intentions Survey found that 56% intend to buy in the next two years, with 26% planning to buy an investment property. Mortgage Choice says the findings from the survey of over 1,000 Australian mortgage holders are a welcome sign that Australians are beginning to feel confident enough to take advantage of the current low interest rates. 12 June 2013. More.
What $300k Or Less Bought You Around The Nation Last Month: Units Property Observer takes a look around the nation for what $300,000 or less bought you last month in a few capital cities. A two-bedroom, one-bathroom unit in Sydney’s Liverpool sold for $230,000. The 89-square-metre unit was advertised for $239,000 and last sold in 2006 for $170,000. It features an entertainers balcony, floating timber floors and a single lock up garage. 12 May 2013. More.
Sydney's Affordable Areas Identified New data is pointing to Sydney’s far west and south west as having the most affordable property opportunities since August 2009, however the inner-city suburbs may come as a surprise. Onthehouse Holdings Limited has recently provided information on their consumer property portal affordability indicator that points to increased affordability. 11 June 2013. More.
Consumer Sentiment Lifts 4.7% In June With House Buying Sentiment Still Elevated: Westpac Index Consumer sentiment rebounded in June following sharp falls in April and May, with house-buying intentions still very strong. The Westpac Melbourne Institute Index of Consumer Sentiment rose 4.7% in June from 97.6 in May to 102.2 taking the index back over the 100 level indicating that optimists now just outnumber pessimists. 12 June 2013. More.
Banks Favour Borrowers Spokesgroup Claims
Borrowers who take on a bigger mortgage are being offered cheaper home loans, while many smaller borrowers are forced to pay higher interest rates, claims an investigation by financial comparison website RateCity. ‘Affluent customers’, which the site defines as borrowers who can afford a mortgage worth more than $750,000, receive an average variable home loan rate of 5.32%, out of more than 100 lenders in RateCity's database. 11 June 2013. More.
Property Investors A Thriving Species Peering inside the mind of anyone can be very scary, and dangerous. What makes them tick? How do they invest? And what can turn them into a ferocious beast? Australians hold more than $4.4 trillion of property, making the nation's real estate wealth three times larger than shares ($1.3 trillion) and super ($1.5 trillion). 9 June 2013. More.
Controversy Corner Courting Controversy Over Australian Property There’s been a flurry of feedback from Port Phillip Publishing readers. It’s all in response to Phil Anderson’s controversial presentation on Australian property prices, called Remembering the Future. Phil’s property forecast appears to fly in the face of some of the strongest views of Port Phillip’s own editors, as well as many readers. It was bound to stir the pot. 10 June 2013. More.
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Some Parting Advice “When advertising your property for rent in online platforms such as realestate.com, ensure that your property manager displays professional, high quality pictures that best promote your property.”
Until Next Time… Kevin Lee www.smartpropertyadviser.com.au
E: firstname.lastname@example.org T: (02) 9980 1311 M: 0416 083 995 Disclaimer: This document is a compilation of recent articles published in the media. The media sources are quoted beneath their respective article capture. Smart Property Adviser does not claim to be the author of any articles included within this document.