More growth in top 20% of postcodes

Melbourne:

The top 20% of postcodes have recorded value growth of 16.9% during 2009 as has the middle market whilst the lower end recorded growth of 12.3%.

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Negative gearing here to stay, say pollies

By Kevin Eddy | 11 Aug 2010

Both political parties have ruled out the abolition of negative gearing following the federal election.

Both Treasurer Wayne Swan and Shadow Treasurer Joe Hockey assured attendees at a debate at the Canberra Press Club that neither would clamp down on negative gearing on property investment.

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The 2015 housing problem… Fortunately we are landlords today…

The recent slump in residential construction activity could result in a future housing bubble, RP Data’s chief executive officer Graham Mirabito has said.

Mr Mirabito told Real Estate Business, an online real estate news forum, that Australia currently faces a critical housing shortage that can only be resolved with government and council funding. Continue reading ‘The 2015 housing problem… Fortunately we are landlords today…’

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HOUSING affordability has quickly returned to pre-GFC levels.

According to the Rismark December Quarter National Account, the average Australian home prices across all metro and non-metro regions (including all property types) are 4.6 times average disposable household incomes — higher than the home price-to-income ratio in March 2003 of 4.4 times.
Continue reading ‘HOUSING affordability has quickly returned to pre-GFC levels.’

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