Tag: Property
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All bets are off: Odds not looking good for a Cup-day rate cut?
Sorry folks. The experts have placed their bets and it looks like Melbourne Cup Day won’t be delivering a win for mortgage holders this year. Economists are warning the Reserve Bank is likely to hold interest rates steady next week as inflation proves stickier than hoped. According to Finder’s latest RBA Cash Rate Survey, 86 per…
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Ask the Expert: Put all your nest eggs in the property market? Read this
Question 1 Hello, I need some advice regarding my finances. I migrated late to Australia and because of this I am afraid my circumstances at retirement will not be good financially. I have two mortgages; one is my residence valued at $600,000, owing $410,000, and an investment property valued at $600,000, owing $435,000. I have…
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A million dollars to live in Murrumba Downs? Qld’s new seven-figure suburbs
Million-dollar homes are increasingly commonplace in Australia, with new research showing roughly one in every three suburbs pack a median seven-figure price tag. According to a new paper by property data company Cotality, 195 suburbs across the country have jumped into the exclusive club after strong housing market gains over the last 12 months. In…
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Where retirees are moving out – and family buyers are moving in
In the past five years, the number of Australians aged 65 and over has surged by 16.6 per cent, and many of these cashed-up retirees – sitting on decades of property gains – have been a dominant force at auctions and open homes nationwide. But research by OurTop10 suggests the tide may be turning in…
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Multimillion-dollar Copper Coast land sale to developers
Adelaide-based Colliers Investment Services have facilitated a $14.1 million sale of planned land development space Wallaroo Shores to Aspen Group Ltd. Colliers said the 13.45-hectare Wallaroo landholding — positioned between the town centre, foreshore and marina precinct — offered potential for mixed-use development in one of South Australia’s fastest growing regional areas. The Wallaroo Shores…
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Why Anthony Albanese won’t solve the housing crisis
The federal government says it wants to make it easier for Australians to buy a home. Its latest expansion of the 5 per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit. It is the boldest version yet of…
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Historic Anlaby Station on market after 20 years of restoration
Anlaby Station owners Andrew Morphett and Peter Hayward have decided to move on from operating the heritage homestead and 1840-acre property, placing it on the market this week. Having lovingly restored the heritage, 35-room homestead and surrounding buildings and land, the couple have opened up to expressions of interest for the property, including a Merino…
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The Stats Guy: It’s time to stop building for votes
Australian infrastructure makes my blood boil regularly. We overpromise, overspend and underdeliver based on a short-sighted politicised view of the nation’s future. Politicised infrastructure Infrastructure is in the hands of politicians who may want the best for the country, but who also seek re-election every few years. Projects are often selected for their political attractiveness…
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Tree changing trends unpacked: Where they’re going – and why
The latest quarterly Regional Movers Index, released on Monday shows 26 per cent more people relocating from capital cities to regional areas than vice versa. “Regional Australia is no longer a second choice – it’s the smart choice,” Regional Australia Institute chief executive Liz Ritchie said. “From career opportunities to community connection, the regions are…
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Controversial SA MP to shed one of nation’s largest family farms
A farm on the Victorian and South Australian border owned by sixth-generation family-owned business AJ & PA McBride is on the market. Called Telopea Downs, the grazing and cropping property is the largest farm in Victoria and comprises 47,660 hectares with irrigation development and is over 98 per cent arable. AJ & PA McBride is…