Jardim Corporation - News Headlines

Fees create confusion for homebuyers

Tue, 27 Jul 2010 00:00:00 -0700

SELLING a home can be an expensive exercise and the national real estate industry body is urging caution, with laws and fees differing from state to state and likely to cause confusion among some consumers and investors.

Real Estate Institute of Australia president David Airey says conveyancing fees are regulated in some states, while in others selling commissions are monitored and lawyers are required to prepare contracts.

"These things are gradually becoming more nationalised and the sooner they do the better, because consumers moving from state to state won't be faced with such a minefield of different legislation and charges, which can make buying and selling quite confusing,'' Mr Airey says.

"Across eight states and territories we have eight separate purchase types and contracts and eight different consumer regulators. It's a crazy system.''

Read more: http://www.news.com.au/money/property/fees-create-confusion-for-homebuyers/story-e6frfmd0-1225896898018#ixzz0upzuzJjI

Forget buying homes in cities, mining towns will be next big property boom

Sun, 18 Jul 2010 18:16:58 -0700

THE detente between miners and the Federal Government over the resource super-profits tax will fuel demand for housing in mining towns.

Residential researcher RP Data said the bounceback in commodities prices was also a factor.

"For property buyers, the timing may now be right . . . (following) an amicable solution to the RSPT," said RP Data research analyst Cameron Kusher.

In a research note yesterday, RP Data pinpointed three regions where house prices should rise: iron ore-rich north-west Western Australia and its towns of Karratha and Dampier; Queensland coalfield towns such as Moranbah, Dysart and Clermont in the Bowen Basin; and Queensland's Western Downs, where extraction of coal-seam gas is a burgeoning industry.

Housing Finance Approvals

Mon, 12 Jul 2010 00:00:00 -0700

After running red hot on the heels of low mortgage rates and the Boost to the First Home Owner's Scheme last year, housing finance approvals have taken a hit in recent months. In January, the number of owner-occupied housing finance approvals declined by 7.9%, the fourth consecutive decline. Investor housing however bucked the trend increasing by 0.9% in January after a 1.6% rise in December.

Given this apparent fall in housing finance demand in the owner-occupied market both in terms of the new and established segments, it's a little surprising that the tone of the re-sale market has maintained its vigour so strongly. But for the new housing market, it seems that a lot of demand was satisfied and brought forward into last year; we are now seeing some payback to last year's bloated sales with less purchasing in the first part of this year. We expect another decline in February.

Volumes (Owner-Occ): L:-7.9% (Jan); F: -1.0% (Feb) Values: L: -5.0% (Jan); F: -3.0% (Feb)

Westpac Consumer Sentiment, April (Wed, 10.30)

Despite the RBA rate increase in March, consumer confidence edged higher by 0.2%, underpinned by strong data on unemployment and GDP. The index had fallen 2.6% in February, so it remains below the level seen in January, but confidence is still up 37%yoy, and around 17% higher than its long term average.

The March level of the confidence index is consistent over time with solid 3-4% growth in household consumption growth. It suggests that interest rates have not yet reached a level where they are having a major impact on consumer sentiment, with consumers remaining buoyant due to the strength of the labour market and house prices.

But following the April RBA rate increase, the fifth increase since October, it will be interesting to see if confidence is significantly affected.

L: +0.2% (March)

How long will it take you to buy a house?

Fri, 09 Jul 2010 00:00:00 -0700

AND what do you do in the meantime?

Rent? Stay home with the parents? Board somewhere?

I mentioned in Tuesday's blog that in 1970 the average house cost 5.8 times the average salary, and that in 2010 that average house costs 9.3 times the average salary, meaning that nowadays you really do need the double-income lifestyle to maintain a mortgage.

So I was interested in a Bankwest "First Time Home Buyer Report" released yesterday which indicated that first home-buyers need about 4 ½ years to save for an average house deposit.

According to the research, a first time buyer couple needs to raise an $85,800 deposit to purchase the median house, and $76,900 to buy a median unit, equating to a savings time of 4 ½ years and 4 years respectively.

Read more: http://www.news.com.au/money/how-long-will-it-take-you-to-buy-a-house/story-e6frfmci-1225889446650?from=public_rss#ixzz0t9Sr5WGj

Billionaire Harry Triguboff’s housing shortage warning: Gottliebsen

Tue, 06 Jul 2010 20:07:37 -0700

Australia's largest apartment owner and developer, Harry Triguboff, scoffs at the idea that there will be a housing bubble. He believes the shortages, the absence of stock and the fact that the cost of construction is close to selling prices will underpin values and eventually lead to a rise. And to back his view his Meriton Group is embarking on a major apartment building campaign and plans to erect 5,000 units - double his old building rate - in the Sydney suburbs of Epping, Zetland, Alexandria, Warriewood, Rhodes and St Ives. He is also building two massive towers in Brisbane.

For more on this article go to Smart Company

Unreal estate prices as million dollar homes 'sell like hotcakes' but won't last

Tue, 22 Jun 2010 00:00:00 -0700

Million dollar homes still sell well
But market 'not sustainable'

MILLION-dollar homes are selling at a rate of one every two hours, analysis of sales figures reveal.

The staggering spending habits of some home buyers has seen the equivalent of 12 $1 million-plus homes selling a day at auctions for the past three weekends, said Mal James from Melbourne's James Buyers Advocates.

For more on this article go to news.com.au

RAMS Home Loans undercuts the banks by slashing interest rates

Wed, 16 Jun 2010 00:00:00 -0700

Fixed home loan rates cut 0.31pc
RAMS declares war on the banks
Rival lenders expected to respond

STRESSED mortgage-holders could be the winners from an interest rate war.

RAMS Home Loans will today slash its two-year and three-year fixed home loan rates by a whopping 0.31 per cent.

For more on this article go to news.com.au

Perth house prices set for biggest climb

Tue, 15 Jun 2010 00:00:00 -0700

The median price for a Perth house will pass $600,000 within three years as the city's property market reclaims its title as the strongest and fastest growing in the country, a new report predicts.

The BIS Shrapnel residential property report forecasts house prices in Perth will climb an average 7 per cent a year for three years, pushing the median price to $610,000 from $500,000 today.

For more on this article go to the west .com

Byron Bay listed as one the worst places to buy a new home

Fri, 11 Jun 2010 00:00:00 -0700

BUYERS are being warned that homes in Byron Bay and the Sydney suburbs of Sutherland and Breakfast Point are real estate poison.

Property analyst Terry Ryder, of Hotspotting, nominated the spots as toxic real estate in his latest No-Go Zones Research Report.

"It's as valid to warn people the places they should avoid as telling them where to buy. They are spending a lot of money and it can be a financial disaster," Mr Ryder said.

For more on this article go to news.com.au

Darwin property more expensive than New York and London ArticlePage

Mon, 07 Jun 2010 00:00:00 -0700

THE average Darwin house is more expensive than its equivalents in London and New York, a comparison of real estate in cities around the world has found.

Combined figures from Residex and Australian Property Monitors show the median cost of a Darwin house is $549,035 - almost $90,000 ahead of London, where the median price for a two to three-bedroom house is $462,000, reported Northern Territory News.

For more on this article go to News.com.au

Cashed-up foreigners snap up homes

Thu, 27 May 2010 00:00:00 -0700

CASHED-UP foreigners snapped up $14.9 billion worth of houses and land in Australia last year, including $2.49 billion worth of existing homes.

The Federal Government refused to release but they were in a Foreign Investment Review Board (FIRB) report that was quietly posted online last week.

It shows the Government issued 4827 real-estate approvals to foreign investors last year for commercial and residential properties.

About half the approvals were for temporary residents wanting to buy a house as their principal residence.

For more on this article go to news.com.au

Housing loans drop on rising interest rates

Tue, 18 May 2010 00:00:00 -0700

WEAK lending finance figures show the economy is stalling and give the central bank a reason to keep interest rates on hold for at least the next two months, economists say.

Figures from the the Australian Bureau of Statistics (ABS) show total personal finance commitments fell 1.3 per cent in March, seasonally adjusted, to $6.874 billion, from $6.968 billion in February.

For more on this article go to news.com.au

PROPERTY Putting finances in shape can help land a loan

Tue, 20 Apr 2010 00:00:00 -0700

Banks tighten tests for home loans
Fixing your finances can help land a mortgage
Cancel credit cards, shop around, seek advice

TOUGH lending conditions for homebuyers are expected to continue for at least another year but there are ways to make yourself more appealing to banks and other lenders.

Five interest rate rises since October have not helped borrowers but mortgage experts say most people can improve their loan prospects.

For more on this article go to News.com

Low risks make it a great time to invest in property

Fri, 16 Apr 2010 00:00:00 -0700

DO I sound bullish about property to you? If not, you're missing the point. To me, this is an extraordinary time for property investment.

Most of the risk has gone. Non-residential prices have fallen dramatically. They're below replacement cost. Development has stalled. Demand is returning. And we can't build until rents rise.

For more on this article go to The Australian

Foreign men of property move in

Tue, 13 Apr 2010 00:00:00 -0700

OVERSEAS home buyers may be crowding locals out of the market.

At backyard barbecues during the weekend, it's a fair bet conversations turned to the political panic-button topics of interest rates, immigration and property prices.

Disconcertingly for the Federal Government in an election year, the community is starting to notice a nexus, and it borders on xenophobia.

Anecdotes abound about cashed-up Chinese investors "land banking" by collecting houses, only to leave them vacant and desperate first home buyers repeatedly being beaten at auctions by foreign bidders.

For more on this article go tonews.com.au

RBA raises cash rate to 4.25%

Tue, 06 Apr 2010 00:00:00 -0700

The Reserve Bank of Australia has raised the cash rate by 25 basis points to 4.25 per cent, saying growth and inflation are around trend and it is appropriate for interest rates to be closer to average.

"With the risk of serious economic contraction in Australia having passed some time ago, the board has been lessening the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker," the central bank said in a statement today.

For more on this article go to WA Business News

Auctions running hot with 73pc clearance

Tue, 06 Apr 2010 00:00:00 -0700

AUCTION clearance rates across the country soared last month, with thousands of properties selling under the hammer and many going for well above their reserve, particularly in Sydney and Melbourne.

According to figures released by RP Data, national auction clearance rates for March reached 73 per cent, up 11 percentage points from the same period last year.

For more on this article go to The Australian

Melbourne house price jump leads nation

Sat, 03 Apr 2010 00:00:00 -0700

MELBOURNE'S house prices have outperformed every city in Australia, new benchmark real estate figures show.

According to RP Data-Rismark's Australian housing report, released yesterday, in the three months to the end of February, Melbourne's property prices grew 5.4 per cent.

For more on this Article go to news.com

New housing starts to flat-line in 2012

Tue, 30 Mar 2010 00:00:00 -0700

New housing starts in Western Australia are forecast to grow 24 per cent this financial year but then flat-line in 2011-12, a new outlook report shows.

For more on this article go to WA Business News

Housing shortfall likely to worsen

Mon, 29 Mar 2010 00:00:00 -0700

OFFICIAL forecasts for the nation's housing shortage have worsened, with more than 100,000 prospective home buyers already locked out of the market by June 30 last year.

The ongoing gap between demand and supply will be greater than previously feared, as all levels of government and the building industry struggle to keep up with Australia's world-beating population growth.

By 2029, the combined shortfall could reach 500,000 homes and apartments.

The housing shortage is most critical in NSW, which accounts for almost one third of the nation's total population but is contributing less than 20 per cent of the nation's new dwelling starts at the moment.

For more on this article go to The Australian

Negative gearing safe, says Swan

Sun, 28 Mar 2010 00:00:00 -0700

Wayne Swan has hosed down suggestions of a clamp on negative gearing, as the Rudd government seeks to lower expectations that tax reform will be a central plank of its election platform.

The Treasurer yesterday described as "hysterical" a media release from the Housing Industry Association this week claiming the government had selectively briefed journalists that it viewed negative gearing of rental investment property as a tax rort.

For more on this article go to The Australian

US house sales fall less than expected

Thu, 25 Mar 2010 00:00:00 -0700

SALES of existing homes in the US fell a third time in a row during February, but the decline was less than expected, spurring hope for a turnaround in the spring.

Inventories rose. Prices fell, but mildly. There are concerns of a "shadow" inventory, made up of homeowners waiting to put their property on the market when prices begin rising again.

For more on this article go to The Australian

Sydney property prices set to double

Tue, 23 Mar 2010 00:00:00 -0700

Home prices tipped to double in Sydney
Perth, Brisbane predicted to boom
Thousands will be locked out of market

UP TO half of Sydney homeowners are set to become property millionaires, with house prices predicted to double in the next decade.

Figures prepared exclusively for The Sunday Telegraph by Australian Property Monitors (APM) show Sydney's median property price is on target to reach $1.2 million, averaging 7.6 per cent growth per annum.

Have you been priced out of the market? Tell us below

It's good news for those already in the market but economists say housing affordability is at a crisis, blaming both federal and state governments for failing to act. They warn the Australian dream of home ownership is ending.

For more on this article go to news.com.au

House surge leads to mortgage stress

Sun, 21 Mar 2010 00:00:00 -0700

VICTORIA'S resurgent housing market is putting borrowers under severe financial strain, even if they are employed or earn more than $80,000 a year.

Researchers from the Melbourne Institute of Applied Economic and Social Research say they are "unsettled" by new findings that reveal more than half of the 14.4 per cent of households who consider themselves to be financially stressed are employed.

For more on this article go to news.com.au

Higher interest rates not so bad

Fri, 19 Mar 2010 00:00:00 -0700

EVERYONE wants a strong economy, but the spate of rising interest rates is dreaded by most property owners. It's not just the increase in mortgage repayments that is loathed, as higher interest rates, we're told, lead to house prices taking a tumble. But is this true?

Looking at the track record, the answer is not as clear as you might expect. It's true that residential property prices stopped growing during the last interest rate peak, but a worldwide financial calamity also peaked during the 2008 spring market, when 40 per cent of Australia's property transactions take place. Interest rates rose three times in the year before, yet prices in three cities -- Brisbane, Adelaide and Melbourne -- rose more than 20 per cent.

For more on this article go to The Australian

Watch on rate rises as building picks up

Thu, 18 Mar 2010 00:00:00 -0700

THE long slide in the housing construction industry has come to an end with a big jump in the number of new starts, although the recovery may be slowed by rising interest rates.

The number of new homes started rose 15.1 per cent in the December quarter from the September quarter, the biggest increase in eight years, buoyed by historically low interest rates and the tripling of the first-home owners grant for new houses.

For more on this article go to The Australian

Lack of housing will challenge recovery - Reserve Bank

Wed, 17 Mar 2010 00:00:00 -0700

Housing supply not sufficient - RBA
Prices could rise if balance not adjusted
"Hard work" staved off recession

AUSTRALIA is facing an under-supply of housing that isn't meeting the demands of a growing population, an RBA official says.

Australia is likely to devote a higher share of its GDP to housing than before, or risk a "further adjustment" in housing prices and rents to balance supply and demand.

For more on this article go to News.com.au

Boom city top for 10-year property prices

Sat, 13 Mar 2010 00:00:00 -0800

PERTH has been the standout property market of the last decade, with 11 of the city's suburbs making the top 20 list for the fastest average annual price growth, according to residential researcher RP Data.

Perth has had two housing booms in the past 10 years, effectively creating a bull market for half of the last decade, says RP Data senior analyst Cameron Kusher.

The mining and resources boom pushed the average price growth for Perth houses to 12.2 per cent a year, topped only by Darwin at 14.3 per cent over the past decade.

For more in this article go to The Australian

Return of wealthy buyers to push up prestige home prices

Thu, 11 Mar 2010 00:00:00 -0800

AUSTRALIA'S most expensive homes are likely to rise in price by 10-15 per cent this year as wealthy locals and overseas buyers hunt for prestigious addresses in a resilient economy, according to researcher RP Data.

The rebounding sharemarket and increased business confidence is underpinning demand for capital city waterfront and other top-end homes, while prestige holiday homes are yet to catch up, said senior researcher Cameron Kusher. "You can't underestimate how important the sharemarket is for top-end buyers," he said.

"When they lose half the value of their shares -- as they did in 2008 -- it's no surprise the top end of the market is hit."

For more information on this article go to The Australian

Property Couples work twice as long for a house

Tue, 09 Mar 2010 00:00:00 -0800

AUSTRALIANS have to work almost three times harder to pay off the average family home than they did 50 years ago.

Figures compiled by CommSec for The Sunday Telegraph reveal homebuyers on the average income now have to work for 19,374 hours to buy the average Australian house with the average mortgage.

Based on an eight-hour day and a five-day working week, that equates to about 10 years of work. In reality, it takes much longer to own a home, because wages must pay for all living expenses, not just housing.

In 1960, it took homebuyers just 7500 hours to pay off the average mortgage.

CommSec chief economist Craig James said that half a century ago, average wage-earners took home the equivalent of $1.08 an hour.

For more on this article go to news.com

House auctions find ready buyers across Australia

Mon, 08 Mar 2010 00:00:00 -0800

THE booming property market has shrugged off last week's interest rate rise, with strong auction clearance rates recorded across the nation at the weekend.

In Sydney, 70.5 per cent of auctioned properties were sold -- up 5.9 percentage points compared with the same time last year. In Melbourne, despite the Labour Day long weekend, clearance rates hit 75 per cent.

For more on this article go to The Australian

First home buyers give up the dream

Sat, 06 Mar 2010 00:00:00 -0800

Interest rates set to continue rising
Some home buyers giving up on dream
Others say they can cope with higher rates

ONE-fifth of Australians will give up on the dream of buying their first home in the next two years if home loan interest rates hit between 8 and 9 per cent, according to a survey from home loans broker Mortgage Choice.

By yesterday afternoon all four major banks had increased their standard variable home loan rates by 0.25 per cent, taking average mortgage rates to about 7 per cent, The Australianreports.

For more on this article go to news.com

Property Don't worry about the short term; focus on the future

Thu, 04 Mar 2010 00:00:00 -0800

TELL anyone property is a long-term business and they'll nod sagely and agree wholeheartedly. Then they'll ask what's hot now.

Suggest to someone they should stop stressing about short-term economic issues and focus on the future, the standard response will be: "Yes, I understand that, but . . ." The "but" means they don't understand.

Few people do.

You could present a crowded room with a panel of 12 property experts, all agreeing that real estate investment must be approached from a big-picture perspective, and the next comment from the audience will concern the Reserve Bank's next interest rate decision or the effect of an upcoming election.

For more on this article go to The Australian

US new home sales slide to record low

Fri, 26 Feb 2010 00:00:00 -0800

NEW home sales in the US unexpectedly plunged in January to a record low, erasing all gains made in the market during the past year.

Demand for single-family homes fell 11.2 per cent from the previous month to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday.

Economists surveyed by Dow Jones Newswires had estimated sales would rise 3.8 per cent, to 355,000.

"There are no words for today's new-home sales report other than terrible," said Miller Tabak analyst Dan Greenhaus.

For more on this article go to The Australian

Housing debt in overdrive

Thu, 25 Feb 2010 00:00:00 -0800

HOMEBUYERS and investors have nearly doubled their borrowings over the past five years, figures show.

Latest Reserve Bank of Australia figures show total housing debt hit $910.1 billion in December, up 17 per cent over 12 months and up 92 per cent since December 2004.

Total housing debt is set to reach $1 trillion within a year.

The figure itself is not a worry, but there is concern the pace of borrowing is exceeding household income growth.

For more on this article go to News.com.au

New Jardim Corporation website goes live

Tue, 22 Sep 2009 00:00:00 -0700

Thanks to the efforts of Ryan Briggs - Web & Print Creative and Sarah Mitchell of Global Copywriting, Jardim Corporation has a fresh new website. Our ambition is to keep the new site up to date with the latest Headlines, Feature Articles & Upcoming Events. We hope you enjoy our new online presence as much as we do...

Launch of Real Property Millionaires

Tue, 27 Oct 2009 00:00:00 -0700

Underground Property Millionaire-Maker suffers to help "The Little Guy's" Get Rich with Property in This Economy! LIMITED TO ONLY 25 LUCKY CANDIATES!

For more infomation go to Real Property Millionaires

Underground Property Millionaire-Maker

Wed, 28 Oct 2009 00:00:00 -0700

Find out how a simple 90- minute one-on-one meeting with one of WA's leading property coaches could put you on the right path to financial freedom!

For more information go to Underground Property Millionaire-Maker

Bubble warnings as investors move back to property

Wed, 10 Mar 2010 00:00:00 -0800

PROPERTY investors have returned in force to Australia's major capital cities with more than one-third of home loans sourced for investment purposes.

The percentage of loans made through Australia's biggest mortgage broker surged 26 per cent in the past six months as buyers shrugged off the global financial crisis, rising interest rates and warnings of a property bubble.

The AFG Mortgage Index, released yesterday, showed the proportion of loans to investors rose to 34.1 per cent of all mortgages in February, up from 27.1 per cent in August. It was the highest level of investor interest in the four-year history of the index.

For mor on this article go to The Australian

Jardim Corporation - News Headlines

Fees create confusion for homebuyers

Forget buying homes in cities, mining towns will be next big property boom

Housing Finance Approvals

How long will it take you to buy a house?

Billionaire Harry Triguboff’s housing shortage warning: Gottliebsen

Unreal estate prices as million dollar homes 'sell like hotcakes' but won't last

RAMS Home Loans undercuts the banks by slashing interest rates

Perth house prices set for biggest climb

Byron Bay listed as one the worst places to buy a new home

Darwin property more expensive than New York and London ArticlePage

Cashed-up foreigners snap up homes

Housing loans drop on rising interest rates

PROPERTY Putting finances in shape can help land a loan

Low risks make it a great time to invest in property

Foreign men of property move in

RBA raises cash rate to 4.25%

Auctions running hot with 73pc clearance

Melbourne house price jump leads nation

New housing starts to flat-line in 2012

Housing shortfall likely to worsen

Negative gearing safe, says Swan

US house sales fall less than expected

Sydney property prices set to double

House surge leads to mortgage stress

Higher interest rates not so bad

Watch on rate rises as building picks up

Lack of housing will challenge recovery - Reserve Bank

More on struggle street as prices, rates rise

Boom city top for 10-year property prices

Return of wealthy buyers to push up prestige home prices

Property Couples work twice as long for a house

House auctions find ready buyers across Australia

First home buyers give up the dream

Property Don't worry about the short term; focus on the future

US new home sales slide to record low

Housing debt in overdrive

New Jardim Corporation website goes live

Launch of Real Property Millionaires

Underground Property Millionaire-Maker

Bubble warnings as investors move back to property