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First-home buyers made up 18 per cent of total owner-occupier housing finance commitments in November, the highest percentage in over five years.
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“With our local market on the cusp of recovering, now is the time for buyers to take advantage of favourable conditions," says Hayden Groves, president of the REIWA.
The dire shortage of rental property in Tasmania is driving vacancy rates to record lows, and generating nation-leading yields.
A new survey by ME Bank reveals more than one quarter of respondent investors would sell their property if rates rose a mere 1 per cent.
"We expect (Perth) market conditions to moderately and steadily improve throughout 2018," says REIWA president, Hayden Groves.
The HIA and the Real Estate Institutes of Australia, Victoria and New South Wales are calling for a review of stamp duty.
We weren't even a week into 2018, when negative gearing was back on the agenda.
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An academic paper prepared by Melbourne University reaches some questionable conclusions about the potential impacts of removing negative gearing.
New REIV data reveals there are still affordable opportunities within 20km of the Melbourne CBD.
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