Will the property market crash? How devastating could it be?

  The dreaded B-word is yet to be utilised with mainstream, middle of the road economists but many are saying that people should think twice before buying property in the current market, especially in Sydney and Melbourne. American ratings agency Standard & Poor, has become more focused and vocal on the Australian market in recent…

Stamp duty is making up 51.9% of tax revenue.

Revenue from property transactions accounts for 51.9% of total tax revenue for local governments Latest figures from the ABS (Australian Bureau of Statistics) in relation to taxation data for the 2015-16 financial year show that $49.5b in property taxes were collected by state and local governments. This was 9.6% higher over the year and is…

Rental property tax deductions. What you can and cannot claim.

What you can’t claim Expenses you cannot claim include: Those relating to your personal use of the rental property Utility bills paid by the tenant Borrowing costs where you have borrowed against the equity in the investment property for private use Costs relating to the purchase or sale of the investment property. But remember, many…

Auctions aren’t slowing down while sellers hold on.

Adelaide recorded a clearance rate of 66% across 151 auctions this week, up from 65.3%  across 165 auctions last week. At the same time last year, 154 homes were taken to auction, with 49.3% recording a successful result. Nationally, auction levels are at their highest since March thus year  with 3,411 auctions held over the…

Adelaide property prices growing faster than any other capital city. (4)

New figures provided by RP Data Core Logic are showing that the dwelling prices in Adelaide are increasing faster than any other capital city, outpacing property heavyweights Sydney and Melbourne. Adelaide prices have risen 0.5% in just a week and a whopping 2.9% for the previous month according to the data. Sydney recorded and increase…

The 3 part recipe for successfully selling your property

There’s lots of advice and opinions out there in the market. Many agents will give different advice and have different opinions on what gets a property sold. There are also differences in what an owner will determine as a successful sale. Some will gage the level of success on profit, others may look at just…

Is the first offer actually the best offer?

Often a thought but rarely discussed at the right time is the topic of when and when not to accept an offer when selling a property. There are many arguments to support that a first offer is usually your best offer but on the other hand, I’m a firm believer that speed kills (sales); Is…

Adelaide property holding steady in Spring – Market update 5/10/16 (3)

MARKET Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising 2.9% over the past three months. The combined capital city index, which is heavily weighted towards the Sydney and Melbourne markets, recorded a 1.0% month-on-month gain, taking capital city…