Premier Gladys Berejiklian announces housing affordability reforms. First home buyers will be helped into the property market with more than $1 billion of stamp duty concessions and measures to level the playing field with investors under reforms unveiled by Premier Gladys Berejiklian to tackle housing affordability.
But the NSW government is being criticised for an absence of measures to boost the construction of affordable housing for low and medium-income key workers such as nurses, teachers and police. This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Caption Settings Dialog Beginning of dialog window. Police convinced remains are Leveson Berejiklian announces housing ... Gosford now the most affordable spot in Greater Sydney for first home buyers. The most affordable spot for Sydneysiders looking to buy their first home is so far from the city it barely counts as Sydney at all.
Gosford, 65 kilometres from Sydney’s centre, on the Central Coast and the cusp of the Greater Sydney, is the cheapest area for first time buyers. Domain Group’s First Home Buyers Report, released on Friday, deemed just 11 suburbs “affordable” – under $459,010 – based on the average New South Wales first home buyer loan size in the 12 months to March in addition to a 20 per cent deposit. This two-bedroom townhouse sold in May for $410,000 – just short of Gosford’s median house price of $412,500. How China's real estate bubble pushes up prices in Sydney. It didn't seem a hotbed of revolutionary anger.
It was one of the big, global conferences that usually are the domain of the powerful and the respectable. But at China's annual Boao Forum in March, emotions ran high in the session on real estate prices. The five panellists on stage were debating whether China's property market was a bubble waiting to burst. The expert panel, mostly Chinese, was divided. Some thought that the soaring prices in China's big cities were so outrageously unaffordable that they were fated to collapse. Sydney, Melbourne property prices: Regional centres new inner city as buyers look further out.
Gosford city centre on the NSW Central Coast.
Steve Keen: rebel economist with a cause. Steve Keen can only roll his eyes when you mention, as he puts it, "that bloody bet".
On a balmy Sydney summer day, Keen reflects on taking and then losing a wager that house prices would plunge 40 per cent in the wake of the GFC. That bet resulted in Keen undertaking in 2010 a well-publicised 224 kilometre hike from Canberra to Mount Kosciuszko. This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Caption Settings Dialog Beginning of dialog window. Diamond days Rates on hold. Is Southeast Queensland 'Golden Triangle' about to boom? Southeast Queensland is predicted by many to be Australia’s next property hot spot.
According to some pundits, the equilateral triangle around Brisbane backed by the Pacific Ocean to its east is ripe for above average capital value growth. Working from home could kill off cities as we know them. Imagine if you didn’t have to battle other commuters to make it here every day?
How Sydney's planners are using the 'Latte Line' to try and reshape the city. They're calling it the Latte Line.
Or perhaps the Goats Cheese Line. Whatever the cliché, a hypothetical boundary drawn on the diagonal between Sydney Airport, Parramatta and Sydney's north-western suburbs has become the guiding principle in planning the city's future. This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Captions Settings Dialog Beginning of dialog window. Sydney University receives record $35 donation. Nbn - Australia's new broadband network. Oh, 1990s Nokia phone!
Why are you so hard to part with? The same way you go through your wardrobe and your book collection, you should probably check out all the various gadgets you have stashed in cupboards around your house. Most of them will likely be obsolete and worth nothing, but some might surprise you and some are worth hanging onto. Apple devices There is definitely a market for your old iPhone, iPad, iPod or Mac. You can generally expect to get anything between $30 and a few hundred dollars for your efforts, depending on how recent your model is. Federal budget 2016: Top earners benefit most from negative gearing, Grattan Institute finds. Chinese investments in Australian property doubles as FIRB real estate approvals overall jump 75 per cent.
Chinese investment in Australian real estate has doubled.
Foreign appetite for Aussie homes, from all corners of the globe, has surged in the past financial year, with the value of proposed investment rocketing by more than 75 per cent. The Foreign Investment Review Board annual report shows China remains by far the biggest foreign buyer of property, splashing $24.3 billion in 2014-15 – more than triple the United States and six times the outlay from Singapore. Overall, real estate investment approvals by FIRB are up 75 per cent. New York style apartments in Sydney, Melbourne and Brisbane: Buying off the plan. Trendy inner city apartment buildings like Duo at Central Park now boast features like communal outdoor areas. Ghost houses: Negative gearing causing artificial shortage, University of Sydney researchers claim.
Investors are snapping up Sydney homes and leaving them empty. “PERVERSE” tax incentives are encouraging investors to leave tens of thousands of homes empty in Australia’s most desirable suburbs, adding fuel to the housing affordability crisis, new research has suggested. The analysis by the University of Sydney’s City Futures Research Centre compared the 90,000 vacant dwellings across metropolitan Sydney — as of the 2011 census — with the rate of return investors made by renting out a property. The researchers found homes in suburbs with lower rental yields and higher expected capital gains were more likely to be unoccupied, suggesting investors in those areas were focused on growing the value of their properties.
Building Supertowns: Going Regional. Despite the size of our country and the prevailing romance of the bush, according to the Australian Bureau of Statistics we’re a very urbanised country. From Federation until 1976, the percentage of Australians living in capital cities increased steadily from a little over one-third (36%) to almost two-thirds (65%). It’s remained steady since then with just less than two thirds of our population living in a capital city. As a result most of us live in capital cities – particularly on the coast – and many regional and rural areas are fighting declining populations. Jobs and opportunities to access health, education and other services are why people say they prefer living in urban, dense areas. But can investment in the regions change our attitudes to living outside the big city? Fast growing towns: Toowoomba.
This fast growing city of 157,000, 130 kilometres west of Brisbane is one for investors to watch. Capital city land prices keep rising: CoreLogic RP Data. Michael Crawford | 17 September 2015 64 Drumalbyn Road, Bellevue Hill - Substantial 5 bedroom, 6 bathroom residence – versatile floor plan – four separate living areas - Panoramic main harbour/district views - Exclusive Drumalbyn Road address + prized North Easterly - Sundrenched balconies/terraces - Indoor/outdoor pool - 3500 bottle wine cellar - Double lock-up garage - Ducted reverse-cycle air conditioning - High ceilings, glass, limestone, marble and terra cotta.