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Showing posts from September, 2022

Residential Vs. Commercial Moves: Key Differences

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 I was planning to move my workspace soon and was wondering whether to use the same packing and moving material that I had used for my residential move. Luckily I looked up some articles online and found this really informative article that showed me how different the methods for packing and moving were. I used these helpful tips and was able to move my workspace without any stress and hassle. I am now happy to share the article here with you so you can also get some good ideas on how to move both your home and your office to Melbourne. https://www.betterremovalistsmelbourne.com.au/residential-vs-commercial-moves-key-differences/

Property investors hit by land tax change plan to sell or pass on costs to renters

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 Property investors affected by a change to Queensland’s land tax are considering selling out of the market or passing on the extra cost to renters, industry groups say. Anyone who owns investment property in Queensland will soon have the total value of their Australian investment land assessed for land tax purposes. The move to include interstate holdings will start from June 30 next year, a move the state opposition branded “unworkable”. Other experts say the change would rebalance an overheated property market that favours investors over owner-occupiers and renters, while the state government has called the reform “prudent”. Read More: https://www.smh.com.au/property/news/property-investors-hit-by-land-tax-change-plan-to-sell-or-pass-on-costs-to-renters-20220912-p5bhgb.html

Darwin's rising property values attracting investors, putting pressure on Northern Territory renters

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 When Darwin couple Leslie and Sylvia Green started looking for an investment property in order to eventually downsize, they did not expect to find it in only a matter of weeks. But in Darwin's thriving property market, it was barely a month before the couple had locked in a relatively affordable one-storey property in the northern suburb of Moil. It took just two more weeks to secure a tenant. "[It's been] amazingly quick," Mr Green said. "Everything's worked for us." Read More: https://www.abc.net.au/news/2022-09-13/nt-darwin-property-prices-rising-impact-investors-renters/101396754

The neighbourhoods where property prices are still higher than a year ago

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 Affordable outer suburbs are proving more resilient than pricier inner neighbourhoods amid the property market downturn, new figures show. Months of price declines in Sydney and Melbourne have left median values lower than they were a year ago, but values in a string of middle and outer ring regions are still up year-on-year – as demand continues for comparatively more affordable homes. Pockets of Sydney’s west had the highest growth over the 12 months to August, CoreLogic figures show, while Melbourne’s west and south-east recorded some of the city’s highest annual growth, along with the recovering inner-city market. Read More: https://www.smh.com.au/property/news/the-neighbourhoods-where-property-prices-are-still-higher-than-a-year-ago-20220909-p5bgqx.html

Rights And Duties Of Landlord And The Tenant

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 Hello friends, You can experience a lot of stress and anxiety because there is so much to take care of as a renter. You have to understand the relationship between the renter and the landlord. Additionally, to honour the lease agreement properly, you must understand the rights and duties of both the tenant and the landlord. To help you save the effort, I researched extensively and found this excellent article outlining the rights and responsibilities of landlords/tenants. Have a look to educate yourself and keep and leave the rental property without hassle or inconvenience. https://www.bondcleaning.sydney/rights-and-duties-of-landlord-and-the-tenant/

The auction clearance rate just stopped falling. Will property prices follow?

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 Cautious home buyers are holding back at auction as interest rates jump and the cost of living rises, and new figures show just over half the auctions scheduled in August sold. Despite a modest increase in the auction clearance rate last month as sellers reduced their expectations, fewer than 60 per cent of homes scheduled for auction sold under the hammer. A result below this threshold – the level considered a “balanced market” – points to further price falls ahead. Sydney’s auction clearance rate was 53.8 per cent in August, ticking up from 49.2 per cent in July, Domain figures show. In Melbourne, August’s clearance rate was 56.5 per cent, up from 51.1 per cent the month before. Read More: https://www.smh.com.au/property/news/the-auction-clearance-rate-just-stopped-falling-will-property-prices-follow-20220905-p5bfim.html

‘Worse before it gets better’: Renters face stiff competition for homes

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 Australian tenants are struggling to find affordable homes, as strong demand and fewer rental options drive up competition and prices for properties. Tenants are facing record low rental vacancies – fewer than 1 per cent of rentals were left empty in August – and experts fear the situation could worsen in the months ahead. The national vacancy rate held at 0.9 per cent last month, down from 1.7 per cent the previous August, Domain data shows, and the proportion of empty rentals in Sydney, Melbourne and Brisbane more than halved year-on-year. Sydney’s rental vacancy rate fell to 1.2 per cent, the lowest on record for the time series, which began in 2017. Melbourne’s rate dropped to 1.3 per cent, marking the eighth consecutive monthly decline and lowest point since March 2019. Read More: https://www.smh.com.au/property/news/worse-before-it-gets-better-renters-face-stiff-competition-for-homes-20220902-p5bevu.html

House prices on Qld's Granite Belt record 0.5 per cent increase, defying national trend

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 Queensland's Granite Belt region has gone against the grain to be one of the few areas in Australia to record an increase in house prices. CoreLogic's home value index, released this week, showed Australia's housing market slumped 1.6 per cent in August, the biggest national monthly decline since 1983. Property prices in regional areas also saw declines, dropping 1.5 per cent. But house values on the Granite Belt, which includes the towns of Warwick and Stanthorpe, rose 0.5 per cent in August, with the median house price now at $386,833.  Read More: https://www.abc.net.au/news/2022-09-04/southern-downs-house-prices-defy-national-trend/101400680