Archive for the ‘Real Estate News’ Category

Election Result Australia Open for Business

TONY Abbott has declared the nation “open for business” once again, vowing to lead a competent and trustworthy government for all Australians.

Claiming election victory in Sydney, he said he was proud and humbled as he shouldered the responsibility of government.

“I pledge myself to the service of our country,” the Prime Minister-elect told supporters tonight.

“I give you this assurance. We will not let you down.”

Mr Abbott becomes the nation’s … Read the full post »

Going Green

Whether you’re planning an extension or renovation, there are many things you can do to make your home more energy efficient. Optimising the use of natural energy sources is the goal and there is a host of simple design changes you can implement that will make your home more comfortable, reduce your energy bills and minimise greenhouse pollution.

1. Efficient design pays off
An efficiently designed house uses 60 per cent less … Read the full post »

Generation Y Still Value Home Ownership

AUSTRALIA’S generation Ys are keen to enter the property market and don’t just want to spend their cash, a new survey has found.

The survey quizzed 1017 people and found among those intending to buy a property in the next two years, 78 per cent were aged 20 to 30, or in generation Y.

Thirty per cent of 20 to 30-year-olds considered property to be a good investment while more than … Read the full post »

Bank Boss Positive for Property Future

Westpac boss Gail Kelly says she has no concerns on the health of the Australian housing market, although she sees a period ahead when prices are likely to moderate.
“We are confident on the overall health of the housing market,” Mrs Kelly told the banks annual meeting. “We are not expecting significant falls in housing prices.”
Mrs Kelly said the Australian housing market retains robust fundamentals including solid demand and strong credit … Read the full post »

Another Rate Cut for buyers!

The Reserve Bank has delivered an early Christmas gift to borrowers and home buyers by cutting its key interest rate for the second month in a row.

The central bank cut its cash rate 25 basis points to 4.25 per cent, marking the first back-to-back monthly cuts since April 2009.

If passed along in full by the banks, today’s cut will save the average mortgage holder – with a $300,000, 25-year mortgage … Read the full post »

Global launches online property data for consumers

As part of our service to the community, Global Property is proud to announce new features to our website that will provide relevant and current real estate information for home buyers and sellers.  This is a great initiative which we’ve already had great feedback on.

Up to date market information
Now you can search any suburb in NSW to see the last 15 years of capital … Read the full post »

RBA lowers rates – great news for buyers!

0.25% Melbourne Cup Cut

In an excellent move for home buyers, the Reserve Bank has cut interest rates for the first time in more than 2½ years, bringing relief to households and corporate borrowers. As widely tipped by economists, the central bank today lowered its key cash rate by 25 basis points to 4.5 per cent. The move reversed the increase imposed on Melbourne Cup Day last year, the most recent … Read the full post »

Changes to Stamp Duty Concessions for First Home Buyers

In an attempt to stimulate the new home market (and therefore the building industry), the government has announced that from 1 January 2012, exemption from stamp duty for first home buyers will only apply to new homes (including substantially renovated homes and vacant land).

Please note that the announcement only relates to the Stamp Duty on a purchase. The First Home Owners Grant ($7,000.00) will continue to apply to eligible purchases … Read the full post »