10 January 2019 | Daily Top Story: Sydney Opal Tower evacuation raises questions, and provides answers, over apartment occupants’ rights
Strata, or apartment living, is the fastest-growing form of property ownership in Australia. And almost 60 per cent of all apartments across the country are in the greater Sydney area. But recent research by the University of NSW City Futures Research Centre found that up to 85 per cent of buildings built in NSW […]
21 December 2018 | Daily Top Story: Negative gearing changes ‘could tip Australia into recession’, warns John Symond
VIDEO: John Symond says negative grearing should be treated “very carefully”. (ABC News) A number of housing industry insiders have issued a warning about curbing negative gearing, with mortgage company boss “Aussie John” Symond saying “it could tip Australia into recession”. Labor promised if they won the next federal election they would […]
The NSW economy could grow by $130 billion less over the coming decade if net migration to the state was halved, as has been called for by Premier Gladys Berejiklian. Such a cut would see immigration numbers to NSW down to about 50,000 a year, with around 54,000 potential migrants being diverted to other states, […]
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07 MAY 2019 | Daily Top Story: Mortgage delinquencies mount as more borrowers find their home is worth less than their loan
Buried deep in the ANZ’s first-half results was a pretty disturbing story of just what is happening in the property market. Key points: ANZ says mortgage delinquencies are rising as households are “doing it tough” with low wage growth Falling house prices are exacerbating the problem, leading to borrowers owing more than their house is […]