This week we discuss how more Aussies are buying investment properties and why backyards are being traded in for urban balconies. We also find out whether households are paying their mortgages ahead and if our earnings and what we’re paying for property are adding up.
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It has been a busy start to the year with more than 7,000 auctions held in the year to date. The annual clearance rate at 77 per cent is the highest since 2010. Peter Sarmas analyses the recently released intergenerational report and demographic data by the Australian Bureau of Statistics and explains how it will affect the property market in the future.
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This week we discuss why raising the GST could hit housing hard, find out where Victoria's building hotspots are, the details from the latest urban planning strategy for Melbourne and how baby boomers are driving up apartment prices from bayside Melbourne to key eastern locations. ...
A clearance rate of 77 per cent was recorded this weekend compared to 77 per cent last weekend and 72 per cent this weekend last year. There were 1053 property auctions reported to the REIV with 809 selling and 244 being passed in, 113 of those on a vendor bid. Melbourne’s east has seen strong demand this year with a recorded clearance rate of 80 per cent. ...
Peter Sarmas comments on Joe Hockey’s proposal to allow first home buyers to access their superannuation, read the latest research results from BIS Shrapnel, the hot investment segment from the latest household surveys, guidelines related to the growth in investor lending and the conditions in the construction sector in Victoria.
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Peter Sarmas comments on Joe Hockey’s proposal to allow first home buyers to access their superannuation to buy and get into the real estate market and he reports on why you need an asset which has kept up with inflation if you are hoping for a tree change, to go into a retirement village, aged or high care facility. ...
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