The Australian Prudential Regulation Authority (APRA) has indicated that they won’t support city specific regulations to take the heat out of the Sydney and Melbourne market. A city specific approach has been used by the New Zealand Reserve bank who have required Auckland investor buyers to have larger deposits in comparison to investor buyers in […]
Significant Fonzie and granny flat development growth across NSW McLennan Steege Smith & Associates provide valuations for homeowners building “Fonzie” and granny flats in Sydney. People of a certain age might remember Arthur “Fonzie” Fonzarelli who lived in a flat above the Cunningham’s garage in the 1970’s hit series Happy Days. While the series might […]
The Adviser has commented on the seven major infrastructure projects across Sydney that will see huge growth and development in the city’s outer suburbs while at the same time developing and better connecting the inner ring and CBD over the next twenty years. Rising concerns about the affordability of Sydney-based property now and into the […]
NSW Government plans to sell four new land development sites in Sydney and the Southern Highlands On 9 February 2015, The Australian reported that the NSW Government is set to sell four major housing sites across Sydney and the Southern Highlands of New South Wales. This news comes at a time when PRD Nationwide has […]
Property valuations: ATO audit and SMSF requirements With $557 billion in assets, self-managed super funds (SMSFs) are the fastest growing segment of the superannuation market across Australia. Last year some $25 billion was poured into SMSFs, presently making up one third of the $1.9 trillion superannuation sector. Residential property purchases by SMSFs is now one […]
It’s expected that property prices are set to soar in western Sydney in 2015. With a number of upcoming infrastructure projects bringing more jobs and greater accessibility to Sydney’s western region, it’s predicted that prices in the inner city suburbs will come to a grinding halt and the west will rise. The Daily Telegraph interviewed […]
It’s thought that Sydney’s population will increase by more than 1.6 million by 2031. Due to the expected growth and the desire for Sydney-siders to live close to modern infrastructure, employment and reliable transport, the NSW Government introduced its Urban Activation Precincts plan in March 2013. This program aimed to deliver more homes in areas […]
A recent article from ABC News notes that while Sydney house prices continue to rise prices in other states are either remaining the same or showing greater volatility. To read the article see here: http://www.abc.net.au/news/2014-11-03/home-price-surge-continues-in-sydney-other-cities-subdued/5861982
THERE’S two great things about buying a house in one of Sydney’s newest, most desirable housing developments — you’ll save up to $150,000 and you’ll never have trouble finding the toilet when visiting the neighbours. The Parc development in Kellyville, in northwest Sydney, consists of 200 townhouses built from the exact same mould, right down to […]
For many getting a foot on the property ladder is about buying that first residential asset, but when it comes to the return they are looking for from their investment, commercial property may be a better fit. While investing in residential property has a familiarity that many investors may feel comfortable with returns from industrial, […]
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