Melbourne Property Market Update – September 5th, 2015
By Peter Sarmas on 4 Sep 2015
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Photo Source: traveller.com.au
Economic Growth In Five Australian States Remains Below Average – ANZ
What influenced NSW and Victoria being the country’s top economic performers over the past year? Martin North of Digital Finance Analytics reports on ANZ’s Stateometer, a new economic measure of Australia’s states and territories.
Concepts Released For The Renewal Of Melbourne’s University Square
Have you had your say on a draft concept plan for the redevelopment of University Square in Carlton? Lord Mayor Robert Doyle said the City of Melbourne is working with the Victorian Government and the University of Melbourne on the $8.8 million redevelopment. You have until Friday 2 October 2015, to have your say on the proposal and what you would like to see in the final design.
ADI Data July 2015 – Investment Loans Grow Again – However…
Total ADI loan portfolios grew in the month by 0.4% to $1.37 trillion. The RBA data gave a total growth of 0.6% to $1.48 trillion, so this suggests the non-banking sector is growing faster than ADIs. Martin North of Digital Finance Analytics reports on the APRA monthly banking stats for ADI’s to end July 2015.
Pet Owners ‘Pay Slightly More Rent And Tend To Stay Longer’
Would you be prepared to pay more for your rental property if you could have a pet? According to Petcare Information Advisory Service, 66 per cent of Australian families have pets but only nine per cent are able to rent properties with their pet.
RBA: Media Release-Statement By Glenn Stevens, Governor: Monetary Policy Decision
At its meeting last Tuesday, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent. Reported here is the full Monetary Policy Decision Statement by Glenn Stevens, Governor.
ATO To Crackdown On Rental Properties In Holiday Hotspots
If you own an investment property in one of Australia’s popular tourist destinations, then it’s probably wise to double check your tax return this year. Find out what steps investors should take if they wish to stay on the good side of the ATO.
