Real Estate & Funds News in Australia from Propertyshowrooms.com

Cheapest Australian markets highlighted

Mon, 23 Apr 2012 00:00:00 GMT

People seeking property in Australia at a low price may wish to check out the town of Cunnamulla in Queensland, where the average home is worth just AUD$59,500 (£38,300).

The location topped a list of places in the country where it is possible to buy homes for under AU$100,000, based on RP Data's figures, reports News.com.

Others include Roseberry in Tasmania at AU$70,500, Bourke in New South Wales (AU$75,500), Pinaroo in South Australia (AU$80,000) and Minyip in Victoria (AU$82,500).

The news provider quoted advice from Australian Property Monitors economist Andrew Wilson regarding the best bargain investments, who said: "The key is to follow economic activity that will stimulate property demand and take a long-term outlook on capital growth."

Earlier this month, the McKell Institute said a number of steps can be taken to make housing more affordable in general across Australia.

This included planning reforms to help increase building and swapping stamp duty for a new land tax to avoid plots being bought but not built on.

Australian central bank hails housing outlook as rates rise

Wed, 2 Dec 2009 00:00:00 GMT

The Reserve Bank of Australia has increased its base rate again, stating that the country is seeing a solid recovery in both its economy and property sector.

Speaking after the move to increase the cash rate by 0.25 per cent to 3.75 per cent, governor of the bank Glenn Stevens said that this decision was taken because the economy is normalising, needs less stimulus and faces higher inflation than previously expected.

Commenting on housing, he suggested the credit crunch is easing, remarking: "Credit for housing is expanding at a solid pace and dwelling prices have risen significantly this year."

Although the increase in the rate may make mortgages in Australia more expensive, house prices in the country have been rising, a situation that could continue strongly over the next couple of years as the wider economy continues to bounce back.

Earlier this week, figures from the RP Data Rismark Survey showed that the average home in the country saw its price jump by 1.4 per cent in October, meaning the rise in home values in Australia passed ten per cent over the course of the year so far, with two months of 2009 still to come.

Record Realty posts $253m loss

Mon, 1 Sep 2008 00:00:00 GMT

Property fund Record Realty has posted a net loss of $253 million after a slide in the value of its property assets...

Gearing into property using a self managed super fund

Sat, 23 Aug 2008 00:00:00 GMT

Self Managed Superannuation Funds (SMSF's) have become an increasingly popular choice of superannuation vehicle because they provide a higher degree of control compared with public offer superannuation offered by banks, industry funds and other providers.

This article discusses how trustees of SMSF's can now gear into property following recent changes to superannuation legislation...

One House per Trust, or Multiple Ones?

Mon, 7 Jul 2008 00:00:00 GMT

I have often been asked whether one should have one Trust with lots of property, or should one have one property per Trust. The answer depends on a few things.
And while it would seem to be a complicated process, it is actually a fairly simple exercise.