MMJ Wollongong auctions results have started strong for 2016 as Saturday saw a record breaking house sale for the suburb of Mount Ousley. The previous suburb record was topped by an on-site auction at 19 Sunninghill Circuit, Mount Ousley, going under the hammer for $1,200,000. The deceptively spacious residence is a fine example of where […]
What’s the harm in changing Negative Gearing?
Experts and property industry groups claim that negative gearing that should be tinkered with to generate new income. As the government shifts its focus to the tax treatment of rental properties, industry groups have jumped to the defence of negative gearing, describing the potential tweaks as “dangerous territory”. Property Council of Australia’s chief of policy […]
Sydney CBD office leased for Schools Expansion.
Group Colleges Australia (GCA) has started a second campus in the Sydney CBD office at the newly leased 1618sq m space on levels 10 and 11 at 233 Castlereagh Street in the Sydney CBD. The GCA will pay a gross annual rent of $495 a square metre over five years for this A-Grade Sydney CBD […]
Official Cash Rate Remains at 2 per cent.
The board caused few surprises by leaving the official cash rate at 2 per cent, where it has been since May 2015. All 29 economists and commentators surveyed by comparison website finder.com.au predicted today’s result. The Reserve Bank might have been tempted to reduce interest rates to stimulate the sluggish economy – but with rates already […]
Outdoor living: 3 key ways to add real property value.
Outdoor living in Australia goes hand in hand with our laid back, social lifestyles, and a relaxing, practical, inspiring outdoor living space has become an essential inclusion in our homes as we look to enhance both our lifestyle and our property value. Here are the top three ways to maximise your outdoor living area, which […]
NSW Rental Laws Under Review
If you own or live in one of the 800,000 rental properties on the books in New South Wales, you will be interested in the NSW Governments review of the laws surrounding these homes, specifically the Residential Tenancies Act (2010). History tells us that the legislation is usually reviewed every 5 years meaning any edits […]