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Australia In Property Bubble: 1 in 3 Investors

        More than 30 per cent of investors believe the country is in the midst of a property bubble, despite a clear majority saying now is still a good time to buy, according to new research. The latest Smart Property Investment Investor Insight Survey reveals 32.3 per cent of investors think Australia is currently experiencing a property bubble. Just over 54 per cent said there was no property bubble and a further 13.5 per cent were unsure. Last month, ASIC chairman Greg Medcraft expressed concerns about the “historic highs” of the Sydney and Melbourne property markets and cautioned that the two cities have the characteristics of a bubble. Mr […]

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Banks Gets Tough On Investment In NSW

  Lenders are continuing to make moves to crack down on investor activity, with more restrictions coming into play from today. Smart Property Investment has previously reported that banks including Bankwest, CBA, ANZ and Westpac have introduced a raft of changes to their serviceability and borrowing requirements for investors as regulators try to reign in investor activity. All changes thus far have been nationwide, with SQM Research managing director Louis Christopher noting it was “interesting” that none of the banks appeared to be making geographically-targeted policy changes. However, ING Direct has today released new loan-to-value ratio (LVR) parameters, with dramatic drops flagged for […]

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Future Tax Policy’s Changes To Negative Gearing

Despite Prime Minister Tony Abbott recently ruling out changes to negative gearing, the debate about the tax policy’s future rages on. Asked directly last week if he would rule out changes to negative gearing, Mr Abbott said: “Yes” – a statement welcomed by the Property Council of Australia today. “As far as statements go, this was pretty definitive and it provides a level of certainty to the 36,000 nurses, 54,000 teachers and 62,000 clerical staff who negatively geared a property in the 2012 financial year,” said Ken Morrison, chief executive of the Property Council of Australia. “So for them, the Prime Minister’s […]

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Over-Exposed? Australian Banks Are Taking Risks By Skirting Unoffical Home Lending Limits

Australian banks are much more heavily exposed to mortgage lending than banks in most parts of the world, which is why the latest publication of APRA data on home lending has set the hares running. The data showed 14% of the recent mortgage lending by banks has been for loans which exceed 90% of the relevant property valuation. The IMF has also been in Australia on its annual review and commented on the risk to the banking sector from its exposure to mortgages. It often does. “Domestically, despite a recovery in the household savings rate and a recent softening of […]

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Australia’s Most Affordable Mainland Inner City Suburbs

When looking for an affordable purchase, many prospective buyers find themselves forced to look further out from the inner city. CoreLogic RP Data has gathered the cheapest five suburbs within 10 kilometres of the capital city CBDs, for both house and unit markets. The expensiveness of Sydney’s suburbs is immediately apparent, with an almost $700,000 difference between the median price of its cheapest inner city suburb for houses, Turrella, and that of Hobart’s cheapest inner city suburb, Clarendon Vale. In Sydney, all the cheapest suburbs for houses were close to the airport, south of the city. The unit market was […]

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