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Treasurer Jim Chalmers announced the 2024 Federal Budget, from electricity subsidies worth A$300 per household to housing budgets, etc. However, the 2024 Federal Budget has placed pressure on the Australian government to relieve living costs and inflation in a challenging world economic climate. Below is a summary of the innovations in the 2024-2025 Federal Budget […]
Mortgage borrowers avoided an interest rate hike as the Reserve Bank of Australia decided to keep interest rates unchanged for the fourth consecutive meeting. Borrowers avoid the 14th interest rate increase and possibly higher because the Reserve Bank of Australia is tending to “tighten” in the context of inflation falling more slowly than expected. The […]
Investing in Australian real estate has become popular with foreign investors and Australians. More surprisingly, many temporary or permanent visa holders miss out on these rare opportunities. 1. Reasons to invest in Australian real estate Stability Australia’s property market has a proven history of stable prices. What are the big differences between Australia and other […]
Introducing the Willoughby Grounds project Expected to be completed in Q2 2025, Willoughby Grounds is a pioneering project in northern Sydney. Built and developed by Dasco – one of the leading reputable construction companies in Australia with 4.5 star standard by iCIRT. iCIRT is a quality project guarantee that helps domestic and foreign […]
Australian real estate investment is becoming a trend among global investors, this is considered a safe way to accumulate assets. Possessing a stable economy, vibrant market, and transparent legality, contributes to helping Australia become one of the countries classified as a safe investment portfolio for investors. For foreign investors, the Australian real estate market is […]
The Federal Parliament has just passed a draft amendment law on fee collection regulations for foreign real estate transactions in 2024, effective from September 1.y 09/4/2024, which will amend the 2015 toll collection act and 2020 toll collection regulations. The bill includes: Triple current fees when buying existing housing. And, double vacancy fees for all […]
In a launch, the Rosehill-Camellia Landlords Alliance (RCLA), comprising Wentworth Properties, Billbergia, Abacus Property and the Australian Turf Club, is calling for a partnership with the New South Wales State Government to produce a master plan for a massive $25 billion project, spanning 90 hectares in Western Sydney. Expected to be completed by 2050 at […]
In 2023, a quarter of real estate on Australia’s east coast was bought entirely in cash, the majority by retirees and wealthy investors. Experts say cash buyers have helped stimulate real estate market price increases by not controlling interest rates. According to the Property Exchange Australia (PEXA) 2023 Report, released on Wednesday, 28.5% of domestic […]
Land sales in Sydney’s new precincts have surged 26 per cent in the past few months, while in Melbourne and Geelong, oversupply and high borrowing costs have sent land sales plummeting to an 11-year low. The state government’s various incentive policies for new home buyers, real estate packages, and cost of living pressures are widening […]
MAP: Australia’s housing market is at a “moving point” with declining affordability and increased supply slowing price growth, according to a new report. These factors will slow the pace of housing price growth nationwide, with a 2.7% increase in 2024 – about half the 5.52% recorded in 2023 – before returning to 6% in 2025 […]
(MAP) Sydney Metro is a famous project in Sydney. This is a key project, marking a turning point in transport infrastructure in Australia. It is expected that by 2030, Sydney will own a network of 4 subway lines, 46 stations and 113km of new tracks. 1. General information about the total project 1.1 Sydney Metro […]
These are super expensive areas that most Australians can only dream of, even those who own these luxury properties worth over $5 million, cannot guarantee their stability there. Sydney’s idyllic Palm Beach – also known as the fictional town of Summer Bay in the TV series Home and Away – dropped out of the rankings […]