As Sydney’s boom ends, other locations step up
The future is a different country and 2016 will certainly be a different place to the year just ending. As Sydney’s boom ends, other locations around Australia are stepping up as locations poised for price growth. Success in property investing will depend, as always, on buying in the right places.
Hydro housing plan to create 5000 jobs: poll
MORE than 5000 jobs and 5300 homes sites are tipped to be created if the State Government approves a planning proposal for the 1900 hectare Hydro aluminium smelter site at Kurri.
Stockland Announces $377M Redevelopment Of Green Hills Shopping Centre
Stockland has confirmed that it will undertake a $377 million redevelopment and expansion of its Green Hills Shopping Centre at East Maitland, New South Wales.
RBA still on hold next week: Westpac's Bill Evans
The Reserve Bank board meets next week on November 3. We expect the board will decide to keep rates on hold. Markets have lifted the probability of a cut from 25% to around 65% following the release of the September quarter Inflation Report.
Stockland, APM, REIQ and Switzer debunk headlines that Macquarie's 7.5% price dip prediction
The Stockland chief Mark Steinert expects house prices to continue to rise next year.
His forecast is by about 3 to 5%, rejecting this week's forecast by Macquarie Research of a 7.5% slump in prices between 2016 and mid-2017.
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The governor of the Reserve Bank of Australia has predicted that global interest rates will remain low for the better part of the next decade.In a speech entitled 'The Long Run' delivered to the Australian Business Economists (ABE) annual dinner in Sydney on Tuesday, RBA governor Glenn Stevens touched on the major forces at play in the global economy.
While the economic outlook for 2016 is weak, there are still locations across Australia that provide good investment opportunities. With the latest Onthehouse.com.au data, I have identified the top 10 areas to watch in the year ahead, based on strong growth performance, cyclical growth expectations, upcoming developments and historical growth patterns.While Sydney has been the clear growth winner in recent years, it is in a downswing of its current growth cycle so it is not on the Top 10 list. However, Regional NSW is set to be the winner in 2016, with four regional NSW cities topping the list.
NEWCASTLE’S housing market is expected to buck a national trend that will see falling house prices in most capital cities over the next three years, according to a new report.
BIS Shrapnel's Residential Property Prospects 2016 to 2019 report, released on Monday, has predicted house prices will grow six per cent in Newcastle over the three years to June 2019.
BIS senior manager Angie Zigomanis said economic challenges facing the city, including the mining downturn, meant price growth would not be “spectacular”.
The Reserve Bank has cut the official interest rate to a fresh low of just 1.5 per cent, in a desperate effort to stoke price growth.
RBA cuts cash rate by 25 basis points to 1.5 per cent
Some economists say there could be more cuts on the way
The CBA was the first big bank to move, only passing on 13 basis points
The RBA last cut its overnight cash rate target in May, taking it to 1.75 per cent, following weak consumer price data in the March quarter.
ABS June quarter inflation data, out last Wednesday, showed consumer prices rose just 1 per cent over the past year, with the Reserve Bank's preferred measure also well below its 2-3 per cent target.
Jennifer Duke |November 16, 2016
Sydney may have been the real estate hot spot for almost half a decade, but it’s time to turn our attention to a booming regional area 160 kilometres away, experts say...
...The harbour city of Newcastle, 160 kilometres north of Sydney with a median house price of $530,000, is already attracting significant interest from investors.
A MAN says he is being “held to ransom” by Newcastle City Council in a big dispute over a small tree out the front of his new home.
William Stephenson said the council was forcing him to pay $800 for a new tree at his Fletcher property, rather than allowing him to move an existing, healthy tree a matter of metres.
“You save up your deposit to build a house and then to get an $800 surprise bill for nothing,” Mr Stephenson said. ALIVE: The original street tree is still on site. Newcastle council has said a new tree is necessary, which comes with an $800 price tag.
Lower Hunter house price surge set to continue
Donna Page | 22 June 2017
SYDNEY investors are expected to continue driving the Lower Hunter’s surging property market over the next year, but the biggest price gains are behind us.
BIS Oxford Economics is predicting continued growth for the region, as the Sydney, Melbourne, Canberra and Hobart property markets weaken.
The Lower Hunter’s median house price was $560,000 at June 1, a jump of 36 per cent in the past four years.