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Property News
27 February 2003
Court Puts Halt on Holiday Homes
The NSW Land & Environment court has recently ruled that renting out property for short periods to anyone except friends and family is illegal if the property is located in a Residential 2C zoning. ...
27 February 2003
Key Indicators of the Property Market in Australia
From the 2001 Census there were 8 million dwelling units in Australia, of which 67% were owner-occupied and 28% were rented.
In recent years, about 60% of buyers of dwellings were ‘change-over’ ...
27 February 2003
Survey Results Show Optimism for Property
A new survey by mortgage provider, Wizard Financial Services, commissioned to ascertain consumer attitudes to the current property market, has revealed more than 40% of people were optimistic about ...
29 January 2003
How to Resolve Boundary Disputes Between Neighbours
The majority of neighbourhood disputes over fences & boundaries are resolved by level-headed discussions between neighbours. However if a solution is not reached, there are other options available.
A ...
29 January 2003
The Costs of Buying
Stamp Duty
Is a State Government tax and there are two types of stamp duty payable in relation to purchasing a property:
On the Mortgage - the amount of stamp duty payable on your mortgage depends ...
29 January 2003
Land Tax Liability 2003
Property owners who do not realise they are liable for land tax in 2003 will be required to pay back-taxes in full, plus interest, and may face hefty penalties for late payment.
The land tax rate for ...
08 January 2003
The Rental Market
In the June quarter 2002, affordability of renting a 3 bedroom house in Sydney declined by 0.9%. This decline was driven by a fall in wages. The movement from renting to buying has resulted in an ...
08 January 2003
The Property Market
National figures released in December show;
Total residential sales remained at historically high levels in the September quarter.
For the year to September, sales volume was up by 38% over the ...
11 November 2002
Surviving a Rental Downturn
Like any investment, the rental market exhibits cyclical behaviour, sometimes three are periods of high vacancy and at other times tenants are lining up to rent property. The good times are easy but ...
11 November 2002
Is There a Bubble About to Burst?
The following commentary is from an article written by JE Edwards, CEO and founder of Residex Pty Limited.
Yes the market is growing at a rate that is too high but to suggest that the house and land ...
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