News
Evidence is mounting the markets in Sydney and Melbourne have passed their peaks, after 3-4 strong years. While media portrays markets out of control, research data shows that only Sydney has recorded strong growth rates in the past five years. Federal Budget measures may result in 93,000 homes being built within four years, putting downward pressure on house prices, according to industry analysis. Hobart and Canberra have the tightest rental markets in capital city Australia and rents there are showing solid growth. But rents are falling in high-vacancy cities like Perth and Darwin. Contrary to the media view, tax policy favours home-owners rather than investors, according to a new analysis. Loans to people buying or building new homes rose strongly in the March Quarter, boosted by those settling off-the-plan apartment purchases. The reaction to the Federal Budget from the real estate industry has been largely positive, but with some reservations. Confidence has risen in the real estate industry, even in Western Australia, according to recent surveys. It's Sydney first and daylight second when it comes to dwelling prices in capital city Australia. New ATO data shows that most negatively-geared Australians earn less than $80,000 per year.
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Next ›
Big City Growth Starts To Fade
Growth In Most Cities Only Marginal
Budget May Create 93,000 Homes
Rents Follow Vacancy Rate Trends
Tax Policy Favours Home Owners
Lending For New Homes Rises
Property Praises Federal Budget Measures
Reports Confirm Confidence High
Sydney In Price League Of Its Own
63% of Negative Gearers Earn Under $80,000