Unit demand to remain strong with continuing under-supply forecasted

Australia’s chronic property shortage is set to be one of the key issues underlying the real estate market for years to come, and will drive up the demand for units, says the government’s housing supply advisory. According to the National Housing Supply Council’s recently released State of Supply Report 2011, Australia’s overall shortage of dwellings sits at 186,800 and is projected to hit 640,000 by 2030. In terms of sheer numbers, the largest housing shortfalls are in NSW and Queensland,...
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Property investment from Super Funds rising

The popularity of investing in property through self-managed superannuation funds (SMSFs) appears to be on the up, judging by the latest statistics from the Australian Taxation Office. The ATO’s recently released Self-managed superannuation funds: A Statistical Overview report reveals that the percentage of all SMSF assets accounted for by 'real property' rose by just under 2% between 2008 and 2009 – bringing its total share of the SMSF market up to 14.7% ($48.3bn). With the report also po...
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Darwin: More fuel for Australia’s property hotspot

Japanese resources giant Inpex has made the long-awaited announcement that its $30bn Ichthys gas project will go ahead, fuelling speculation that Darwin’s property market is set to take off. The project, which will see natural gas pumped into the city for processing into liquefied natural gas (LNG), is expected to boost the Northern Territory’s gross state product by 18% per year over the course of 40 years, says Inpex. In dollar terms, Inpex expects the Ichthys gas project to boost the Au...
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Western Sydney Property Prices to Outgrow the Nation

Western Sydney will prove to be one of the nation’s property investment hotspots next year, according to a recent report by SQM Research. The Western Sydney Regional Report, gives Sydney’s west a score of 4.25 stars out of five, and forecasts that the area will outperform most Australian regions next year. Western Sydney’s property prices are expected to grow by between 2.6% and 6.6% in 2012, says the report, thanks to various factors. These include: Significant regional development ov...
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Property Investment: Houses or Units?

Should you invest your hard-earned cash in house on a quarter acre block, or a low-maintenance apartment in the city? It’s the age-old question that plagues property investors across the nation, and as is often the case when it comes to real estate, there is no clear-cut answer. “The question itself is not as simple as it sounds, as there are so many factors that determine profitability,” says Elisa Townsend from thefinanceteam.com.au. “When I look at a property for myself I tend to go ...
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Property Investment: 9 Key Tips for Increasing Returns

1. Good presentation is the key to maximising return on investment. A well presented property attracts interest and creates increased competition among prospective tenants, enhancing the prospects of a higher rental return. 2. First impressions are critical. A fresh, clean and cheery property arouses interest and creates the conditions for the best rent. 3. When a rental property becomes vacant it pays dividends to look at it through the eyes of a tenant and note anything that requires att...
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Tips: Attracting Top Tenants to your Rental Property

To attract quality tenants you need to offer a quality property. Here's a guide to considerations you need to make before you purchase your property, after you buy and during the tenant search. Purchasing a rental property First off: identify the type of renter you're hoping to attract and put yourself in their shoes. If you're hoping to attract students, look for property close to universities, colleges and transportation. If you're after families, then proximity of schools will play an imp...
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Tax Time: Possible Deductions available to Property Investors

Tax time may be a few months off, but it pays to be organised – and by getting your ducks in a row now, you can save yourself a giant headache come tax time. Also, if you know exactly what you can claim, you can actually start enjoying the savings in your pay packet each week, rather than waiting til End of Financial Year. For instance, if you know that your property-related tax deductions amount to $6,000, that equates to a tax refund of $1,890, if you pay tax on a standard 31.5% tax brac...
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Property: 10 tips for choosing the best location

Shopping for your new home or next investment property? When you’re in the market for a new piece of real estate, finding the right location is crucial to ensure strong long-term capital growth – so we’ve rounded up some advice to help you locate the best possible spot! Tip One: Know your budget For most buyers, your budget dictates which areas you can afford to live in or invest. “The best way to determine your budget is to meet with a mortgage broker or lender and obtain a pre-approv...
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Six ways to Devalue your Property

Did you know that your dodgy next-door neighbours could substantially decrease the value of your property? Bad smells, hasty renovations and noisy neighbours can all serve to lower the value of your home, according to Nicole Marsh, Licensed Buyers Agent from Eureka Property on the Gold Coast, while letting your property fall into a state of disrepair is another quick way to shrink its value. Here, Marsh outlines a few key features that can drag down your home’s value and ultimately, the sale ...
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