Australia's Property Market Trends from Home Loans to Tax Reforms
The week in Australian property with Rasti Vaibhav | 3rd May 2024
Hi there!
Welcome to the latest insights from the Australian property market! This week, we delve into the trends and transformations shaping the landscape from Queensland's booming home loan sector to the bustling auction floors across capital cities.
Whether you're a first-time buyer or a seasoned investor, our roundup provides essential data and expert commentary that will help you make informed decisions in this dynamic market. Join us as we explore key opportunities and challenges in real estate investment today.
Home Financing Hotspots in Queensland Lead the Charge
Strong growth: Home loan values soaring above the decade average.
Leading the states: Outperforming other regions in owner-occupied lending.
Auction Market Defies Seasonal Cooling
Sydney's lead: Achieving the highest clearance rate at 78.3%.
Strong performance in Adelaide and Brisbane: Notably high clearance rates of 76.4% and 71.7%.
This week on Realty Talk - out tomorrow!
Bushy Martin questions a core value - that you should go through life with one wife and one bank. He is joined by Jason Back who is the Founder of Broker Essentials to revisit the question of why use a broker over a bank. Given the constant dynamic changes that influence property conditions and movements, it’s important to build a resilient property portfolio. Rasti Vaibhav joins Bushy to discuss what that actually means and how to achieve it?
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Discovering Value in Proximity: Sydney's Affordable Suburbs
Sydney's affordable gems: Parramatta, Canterbury, Mount Druitt, and Liverpool.
Melton shines in Victoria: Offering affordability with convenient city access.
Affordable options in Queensland and Adelaide: Highlighting Rocklea and Port Adelaide.
Urgent Call for Tax Reforms in Home Building
The Housing Industry Association (HIA) has voiced a potent argument for slashing taxes on home construction to address Australia's housing crunch. Tim Reardon, HIA's Chief Economist, stresses the importance of governmental action to mitigate the stifling effects of prolonged high interest rates and excessive taxation.
Urgent Call for Tax Reforms in Home Building
Tax-efficient saving: Leveraging superannuation for pre-tax contributions.
Flexibility: Funds can be used for both new and existing homes across Australia.
Contribution caps: Up to $15,000 per financial year can be withdrawn.
Rasti Vaibhav, The Architect of Property Wealth
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