Real Estate News

CBD and South East Light Rail

May 9, 2017

An important safety message In planning for Tomorrow’s Sydney, the NSW government are building a new light rail line to provide fast, reliable public transport from Circular Quay, through the CBD, to Kingsford and Randwick via Surry Hills, Moore Park and Kensington Throughout the project, ALTRAC employees will work to minimise construction impacts wherever possible and…Read More→

RANDWICK IN WORLD’S TOP 10 SUBURBS FOR WEALTHY PROPERTY BUYERS

March 27, 2017

Randwick has been hand-selected as one of the world’s top ten suburbs likely to a attract the world’s wealthiest eager to buy real estate. The eastern Sydney suburb joined the ranks along with Vancouer’s South Main, Berlin’s Mediaspree and Shanghai’s ZhangJiang, as it was chosen to be the suburb where property is expected to outperform…Read More→

The Spot Festival 2017

March 3, 2017

SUNDAY 5th MARCH 2017 – 1pm – 8pm Location – Corner Perouse Road and St Pauls Street Randwick The Spot Festival is Randwick’s biggest free outdoor festival Cost – Free Randwick’s Biggest Annual Street Festival Enjoy the end of summer at The Spot Festival – a splendid multicultural celebration of culture, food and live music….Read More→

BankWest to remove negative gearing benefits for mortgages

February 13, 2017

Commonwealth Bank subsidiary, BankWest, has confirmed it will remove negative gearing benefits when determining loan eligibility. BankWest has confirmed it will remove the tax advantages of negative gearing when determining whether or not applicants are eligible for investor loans. The changes will mean the amount investors can borrow will be lower, and could result in the bank, a…Read More→

Online Rental Bond Amendments Begin 30 January

January 25, 2017

A Bill has received royal assent, which will make it mandatory for landlords and agents to be registered with Rental Bonds Online (RBO) and offer the service to new tenants as the first option for lodgement of their bond. The introduction of section 159(1A) in the Residential Tenancies Act 2010 (NSW) will start on 30…Read More→

Trends to Watch Out For in 2017

January 19, 2017

So what will be the major trends that affect Australian property markets over 2017? Picking apartment pockets The biggest change to the fundamentals in 2017 will be supply especially in Melbourne, Sydney and Brisbane. These markets have experienced near record levels of dwelling approvals, over the past 12 to 18 months, and 2017 is expected…Read More→

2016 Market Wrap

January 16, 2017

Booms, busts, bubbles, oversupply, undersupply, strong growth, no growth the property market has attracted plenty of headlines over the past 12 months. However, in reality, markets in 2016, generally, tracked like they did in 2015. This is because the fundamentals that drive real estate markets – interest rates, supply, employment and population growth – saw…Read More→

Major Banks Will Raise Interest Rates Regardless!

December 6, 2016

Despite the Reserve Bank leaving the cash rate on hold today, CBA, National Australia Bank and Westpac have all announced they will raise mortgage interest rates. The rate hike comes amid uncertainty on global debt markets after the US election, which is increasing international funding costs. NAB revealed yesterday, as of Monday 12th December it will increase its variable rates on…Read More→

Sydney Property Overvalued – Sell or Not Sell?

December 1, 2016

SYDNEY’S property market is at its second most overvalued point on record and is teetering on the edge of a dangerous bubble. Earlier this month, Mr Louis Christopher of SQM Research said the national property market was overvalued by 22 per cent, which was only lower than 2003 when it hit 25 per cent. He…Read More→