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Low deposit mortgages at two-year high – SMH

Low deposit mortgages at two-year high – SMH

Banks are lending more to higher-risk home buyers with deposits of less than 20 per cent, with the share of new loans issued to borrowers in this group running at a two-year high. The proportion of new mortgages issued in the March quarter with a loan-to-valuation ratio (LVR) above 80 per cent rose from 34.2 […]

New study from the Reserve Bank shows people over or underestimate the value of their property

New study from the Reserve Bank shows people over or underestimate the value of their property

One quarter of Australian home owners either over or underestimate the value of their property by more than 20%, a study conducted recently by the Reserve Bank of Australia has found. On average, home owners appeared to have a good idea of the value of their properties, with half of people estimating the price of […]

Divorce Disputes & Property Valuation

Divorce Disputes & Property Valuation

How the real estate property valuation process works in divorce and separation disputes There are a number of instances where real estate property valuation experts are required to provide information as expert witnesses during proceedings in Australian courts of law.  Determinations related to the division of real estate property following divorce or separation is one […]

Compulsory land acquisition, compensation and independent valuations

Compulsory land acquisition, compensation and independent valuations

An article published late last year revealed that the NSW government will acquire hundreds of Sydney homes and businesses to make way for future infrastructure projects like the WestConnex motorway and the Eastern Suburbs light rail extension. It’s not unusual for government entities and private enterprise to acquire land to be used for development. Land […]

Property Value Trends for Sydney, Cronulla and Wentworthville

Property Value Trends for Sydney, Cronulla and Wentworthville

NSW and Sydney property trends: boom or catch up? A NSW Parliament briefing paper published in January this year highlights some interesting short and longer term trends for the property market. The House prices, ownership and affordability:  trends in New South Wales briefing paper makes a number of interesting observations: Between June 1990 and June […]

The future of development in the Sutherland Shire

The future of development in the Sutherland Shire

With recent reports of delays to the implementation of the draft Sutherland Shire Local Environmental Plan 2013 (DSSLEP2013) we thought it would be useful to outline a few of the proposed changes to the development of suburb centres.   Under the DSSLEP2013 most suburb centres will be rezoned to B3 Commercial Core (B3 Zone) with approved […]

SMSF Property Valuations

SMSF Property Valuations

The trusted team at McLennan, Steege, Smith and Associates have launched a new division to cater for the growing Australian trend of property purchases through self-managed superannuation funds (SMSF). Click here for more details