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Summary
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AFS License A Must For Realtors Advising On SMSF
All is good till the real estate agents stick to purely property based advice. The problem begins when they start advising on financial products like Self Managed Super Funds (SMSF) for investing in real estate. Australian Securities and Investments Commission (ASIC) has taken the issue by the scruff of its neck, warning real estate brokers…
Tagged: property investing -
Borrower Demand Crossing Unscaled Peaks
Strong competition amidst lenders and an environment of low cash rate have together brought borrower demand towards previously unscaled peaks. An article on the website rebonline.com.au states that AFG, a premier mortgage broking company, has already crossed the $4 billion mark in home loans for the month of October. The exact figure of $4.057 billion…
Tagged: sydney property market -
Sydney’s Performance Is Not A Barometer For Other Capital Cities
The property market is on recovery mode but rise in median house prices or capital city value growth should not be made an occasion for celebration just yet. Michael Yardney for the Property Update mentions how the 2.2% growth in median housing prices this quarter is quite moderate and even below the last quarter’s performance…
Tagged: sydney property market -
Housing Report Reproaches Stamp Duty And Tax Regulations
A top Housing Policy Report has reproached Stamp Duty and present taxation standards followed by the government, informs an article on the online magazine Your Investment Property. The Report contests that Land Tax and Council Rates are necessary evils and also fair to a certain extent but Stamp Duty is well above acceptable standards and…
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Sydney auction clearance rates continue to impress
Sydney’s auction clearance rates continue to impress. The capital city has posted a figure of 86.1% for the third weekend of September. Especially impressive is the figure for the Sydney Inner West- a mammoth 95% clearance rate, reports an article on Your Investment Property. The western suburbs are doing almost as well though the auction…
Tagged: sydney property market -
Baby Boomers Invading The FHB Market With SMSFs
The generation closing on retirement (or retired) is making rapid inroads into the First Home Buyer Market. Their self-managed super fund is proving to be of great assistance in this regard. Yeah! I would any day lay a bet on that kind of fund getting the better of paltry resources that first home buyers have…
Tagged: sydney property market
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