Unless you have benefitted from a matrimonial home via the Family Law Act or gained through a gift in Will, you will be at the receiving end of the Stamp Duty storm. Property taxes are pretty high for Australia when compared to other developed countries, suggests Anthony Keane for the website news.com.au
I remember remarking favourably on Robert Gottliebsen’s recent article about the impending housing boom. On the Business Spectator website I found another piece from him, categorically summing up the possible impact of Federal elections (Coalition is home and dry) on the Australian housing market.
Property in remote locations might look good for sometime but they only flatter to deceive. Pete Wargent for the Property Update writes why they fail time and again. Wargent starts with the example of Cairns where high rental yields and depreciation benefits were cited as great reasons for long time positive cash flow. GFC reduced the Cairns property prices to rubble, washing away their value by more than 30%.
Australia may witness an unprecedented property boom in near future, feels Robert Gottliebsen, a veteran columnist. Jonathan Chancellor for the Property Observer focuses on the reasons which convince Gottliebsen.
Pete Wargent for the Property Update produces yet another profound article focusing on the property market cycles and the way Sydney has handled them so far. Auction clearance figures in excess of 80% for four weeks running, cannot be a flash in the pan performance.
With interest rates prophesied to stick to 2.5% till at least 2015, Sydney should keep adding to its laurels from here.
Interest rates are running very low, especially since the cuts last week, but it does not give a single sleepless night to Commonwealth Bank chief executive Ian Narev. Alistair Walsh for the Property Observer writes that Mr. Narev is not bothered at all about the fiscal policies adopted by the RBA.
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