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Summary
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New Data-Matching Technology to Scrutinise Property Sales
ATO’s newest weapon against tax evasion – data-matching technology. 10.4 million taxpayers will face scrutiny regarding their residential and commercial property sales with the Australian Tax Office. ATO is more than eager to implement their high-tech data gathering computer systems worth $800 million. Larry Schlesinger from Property Observer highlights the things that this new data-matching…
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Addressing infrastructure issues is key to Sydney’s future development
The key to Sydney’s future development lies in dealing with infrastructure issues Sydney has to achieve growth and expansion for the sake of future generations writes Martin Bregezzo in a new article for the Property Observer. There have been several promises as how easy and affordable it is to build half a million new homes.…
Tagged: sydney property market -
Whether or Not to Furnish Your Investment Property
Carli Ziri, the director of Lifestyle Property Agency, is frequently asked by his clients whether to furnish or not to furnish the investment property they just bought. The choice actually depends on the investor’s preference. However, Ziri points out that before making a decision, you need to compare which of the two choices is more…
Tagged: property investing -
Higher FHB and investor activity indicated in the Australian property market
Buyer momentum and seller confidence is both near its peak with Australia giving various optimistic signals in the property market. The historical barometer suggests that low interest rates have always evoked maximum response from the buyers. Australian Property Monitors (APM) is already showing a 1.5% escalation in its median prices with Gold Coast reporting the…
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Vendor discounts drop considerably
Vendor discounts have dropped considerably providing sellers with many reasons to laugh. Additionally, the property prices are on a rise, interest rates are pretty stable and Australia is looking at a very high auction clearance phase lately. Charlotte Cossar for Realestate.com.au says that this might just be the time for you to put up your house…
Tagged: home prices -
Mortgage borrowings close to peak years
Doomsday predictors are never short on work- after all, rumour mills work overtime. However, those who have predicted a crisis will only agree that the real estate market is going strong, quite strong. People are still borrowing amounts pretty close to what they borrowed in peak years to fetch properties in Australia. Annual borrowing for…
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