The Financial Stability Review showed banks’ share-to-price book ratios have recovered from March but they are still below pre-pandemic levels “reflecting a decline in the earnings outlook and a reduction in investors’ risk appetite”. According to stress test simulations in the report showed banks have sensitivity to falls in GDP, property prices and unemployment. Despite …
On Jan. 3, 2009, pseudonymous creator Satoshi Nakamoto mined the first bitcoin block. As the only miner on the bitcoin network at the time, Nakamoto didn’t need specialized equipment to launch the bitcoin blockchain. With increasing regulatory scrutiny, environmental concerns, and the impending limit of 21 million Bitcoins that can ever https://www.tokenexus.com/what-is-bitcoin/ be mined, the …
The Countdown to Bitcoin’s Halving Is On Here’s What to Know Read More »
“The federal government will allow an additional 10,000 first home buyers to obtain a loan to build or purchase a newly-built home with a deposit of as little as 5 per cent, via an extension of the First Home Loan Deposit Scheme”. “An additional 10,000 places will now be provided from 6 October 2020 to …
First Home Loan Deposit Scheme Extended, Caps Increased Read More »
“All 5,000 places allocated for participating non-major banks within the FHLDS have now been reserved for the 2020-21 financial year”. “The FHLDS aims to provide up to 10,000 first home buyers (FHBs) per financial year with access to housing finance with a deposit of at least 5 per cent”. The FHLDS also supported one in …
For your purchase or investment, these are suburbs you should AVOID. The RISK for off-the-plans property is HIGH and you should be aware. The 10 high-risk suburbs: – Melbourne, Victoria, 3000– Docklands, Victoria, 3008– Mascot, NSW, 2020– Rouse Hill, NSW, 2155– Parramatta, NSW, 2150– Gosford, NSW 2250– Darwin, NT, 800– West End, Qld, 4101– Surfers …
Looking to buy real estate? Avoid units in these postcodes Read More »
On Thursday Westpac broke ranks with the other big four banks to lay down its latest thinking, expecting the property market to get through the pandemic relatively unscathed before booming. Months ago Westpac predicted national prices to fall by 10% and to recover a little more than 8% by 2022. However this week, chief economist Bill …
As the coronavirus crisis drags on, an increasing number of families from Melbourne and Sydney are quitting the city for sunshine and space in Queensland. Agents say some are snapping up homes on the Gold Coast without even viewing them as virtual tours become the new norm. Andrew Bell from Ray White Surfers Paradise said …
Sydneysiders snap up property in the Sunshine State amid COVID crisis Read More »
Sydney-based developer Crown Group is moving ahead with plans for its controversial $460 million residential development in Brisbane’s West End. Crown Group originally submitted its application for a FJMT-designed scheme in January 2018, soon after picking up the 1.25-hectare site—the former home of Computershare—at 117 Victoria Street for $35 million. Crown Group placed the project on hold in …
On 27 July, the New South Wales government announced eligible first home buyers could access stamp duty exemptions on new home purchases worth up to $800,000. New home builds will also see stamp duty discounts available for purchases between $800,000 and $1 million, where the discount reduces with a higher purchasing price. The policy is …
The Impact of Stamp Duty Discounts on the NSW Housing Market Read More »
An emerging narrative around regional dwelling markets is that they may see increased demand as a result of COVID-19. This is thought to be driven by the way the pandemic has forcibly introduced remote work for knowledge-based or clerical workers. As employers and employees adapt to remote working conditions, physical proximity to a workplace may become …
Can regional housing markets benefit from COVID-19? Read More »
