News
House always wins: Covid-19 can’t contain rampant property prices.
Half the country may be in lockdown but almost everywhere the residential property market is still going up. And most people in the market do not see it correcting for quite some time. In the first wave of the pandemic house values took a hit. In the current lockdowns, values are actually still rising, although losing some momentum.CoreLogicsTim Lawless says that loss of momentum has less to d...
Can COVID-19 defeat the Australian property market?
The reintroduction of snap lockdowns across Australia in response to a resurgence of COVID-19 is unlikely to put a significant dent in the property market, given its prior record in dealing with worse circumstances at the peak of the pandemic in 2020. Strict lockdowns do impact the number of houses coming onto the market, in turn creating some short term impacts on prices as buyers stay ...
疫情期間，國際買家仍然傾向在澳洲購買房屋！？
近日，墨爾本Brighton East的一間獨立屋以436.2萬澳元的價格賣出，它在墨爾本第六次“封城”生效前10天掛牌上市的。買家是一對來自美國的夫婦，房產經紀Nick Johnstone表示，他們甚至沒有親身去過看房。 雖然澳洲的國際邊境仍然關閉，國際居民可能需要一年多的時間才能入境澳洲。墨爾本和悉尼等城市仍然在封城的狀態，然而國際買家對澳洲的房地產有着非常濃厚的興趣。Domain高級研究分析師Nicola Powell表示，國際投資的最新增長是由於澳洲獨立屋價格的上漲，以及買家們認為澳洲的疫情環境相對安全。澳洲上一季度獨立屋價格上漲5.7%，在疫情爆發後出現了一些意外的上漲，所有首府獨立屋價格中位數達到創紀錄的89.9509萬澳元。而海外買家購買的獨立屋類型更高端、面積也更大。可能由於封鎖令促使新買家尋找更寬敞的房屋，或更方便前往海灘或...
Melbourne home prices tipped to rise, building costs to run ahead of inflation in Melbourne
A National Australia Bank report led by chief economist Alan Oster is predicting home values will continue to surge this year, despite outbreaks of coronavirus plunging major cities back into lockdown. In Melbourne the forecast is for 17.6 per cent growth by the end of 2021 followed by an additional 3.5 per cent rise, adding almost $150,000 to the median property value by the end of 20...
Australia opens travel bubble with New Zealand
Tearful reunions filled Auckland airport on Monday as residents from Australia were able to travel freely to New Zealand for the first time in more than a year. The long-awaited Australia-New Zealand travel bubble means visitors no longer need to quarantine on arrival. Thousands of passengers were booked to fly between the two nations on Monday. Both countries have contained Covid outbreaks and...
Land transfer duty waiver for residential property transactions of up to $1 million
The Victorian Government has announced a land transfer (stamp) duty waiver for purchases of Victorian residential property with a dutiable value of up to $1 million. For new residential properties, a 50% land transfer duty waiver of the duty otherwise payable applies. For existing residential properties, a 25% land transfer duty waiver of the duty otherwise payable applies. For vacant resi...
Home Builder Grant
HomeBuilder Grant provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. Who qualifies? Be a current or prospective owner-occupier, not an investor Be a natural person, not a company or trust Be an Australian citizen Earn $125,000 or less a year for singles or less than $200,000 a y...
Land tax reduction for eligible landlords
Landlords who provide tenants impacted by COVID-19 with rent relief may be eligible for a 25% reduction on the property’s 2020 land tax. This relief is also available to land owners who are unable to secure a tenant because of COVID-19. These landlords can also defer the remainder of their 2020 land tax to up to 31 March 2021. This relief is available for residential and...
Tax relief for eligible businesses
The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of coronavirus (COVID-19) and keep people in work. The Fund is part of the Victorian Government’s $1.7 billion Economic Survival Package. Applications opened on Monday 30 March 2020 and will close on Monday 1 June 2020. Small businesses are eligible if they: Emplo...
DHHS COVID-19 Rent Relief Grant
The Victorian Government has established an $80 million rental assistance fund to provide rent relief payments of up to $2000 to Victorians experiencing rental hardship due to the coronavirus (COVID-19) pandemic. The grant is specifically for tenants and is paid directly to the tenant’s agent, lessor or landlord to contribute to the tenant’s rental payments, under their new rental ...
RBA cuts rates to new record low to kickstart economy
The Reserve Bank of Australia has cut official interest rates to a new record low of 1.25 per cent, injecting stimulus into a slowing economy as it looks to turn around sluggish employment, wages and inflation. The rate cut, just weeks after the May 18 federal election, marks the first time the RBA has used its central monetary policy lever in almost three years - the longest period ...
The Melbourne suburbs where properties are renting quickest
Renters in Balaclava and Elwood face the tightest competition to find a home, with properties sitting on the market for the fewest days in the city on average, new data shows. Both suburbs had an average of about 19.6 days on the market, closely followed by Preston, Craigieburn, Collingwood and Ringwood with averages between 20 and 20.2 days on the market, from the start of the year to the end...
