Category: Property Market

Social Housing’s Impossible Mission…

Victoria set to bring in social housing ‘contribution’ The state will introduce a new Social and Affordable Housing Contribution on certain developments from July 2024, it has been announced.

The Andrews government has announced that, from July 2024, all newly built developments with three dwellings or more, or of three or more residential lot subdivisions, will need to contribute 1.75 per cent of the market value of the completed project to the Social Housing Growth Fund.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

The Shifting Sands Of Regional Migration

New data from the Commonwealth Bank reveals quarterly migration from capital cities to regional areas over the past two years is averaging 15 per cent higher than what is was in the two years pre-COVID 19.

A structural break in migration patterns has emerged during the two years of the pandemic. Capital city dwellers moving to the regions have generally accounted for a 6.1 per cent share, up from the 5.3 per cent share pre-pandemic. Meanwhile the share of regional people making a city move has ebbed and flowed a little more, but has hovered around a 4 per cent share during the pandemic, down from the 4.3 per cent share pre-pandemic.

National home loan affordability fell “dramatically” in 2021, with a record calendar year decline of 14.5 per cent, according to non-bank lender Bluestone.

Bluestone Home Loans has released its Home Loan Affordability Index for December quarter, revealing the index fell to 93.8 in December 2021 quarter compared to 82.9 in the December 2020 quarter.

And the HIA says affordability constraints in detached housing are expected to push some households into townhouses and apartments. A return of migration will assist in offsetting the impact of a rise in interest rates for multi-unit construction.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

CBA, The “S” Word, And Why They Want Slow Rates Rises…

Today we look at the CBA’s outlook on interest rates, and mortgage stress, as well as the latest from New Zealand on home price and sales growth as both slow.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Not Solving Housing Affordability!

In the dog days of the political cycle, we are getting a series of frankly worrying announcements from the state and federal governments, which superficially might sound like an initiative to help people buy homes, but in fact are simply extending the current Ponzi , at a time when home prices and interest rates are now on the turn.

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Final Reminder DFA Live Q&A 8pm Sydney Tonight: Property Now With Veronica Morgan

Join us for a live discussion as I discuss the current state of the property market with Veronica Morgan, the Founder and Principal of Good Deeds Property Buyers. She is also the co-host of the popular series Location Location Location Australia and Relocation Relocation Australia with Bryce Holdaway on Foxtel’s The Lifestyle Channel Australia.

You can tune into Veronica as she co-hosts the Your First Home Buyer Guide podcast & The Elephant in the Room property podcast, which investigates who is really in control when you buy property. She’s also recently co-founded Home Buyer Academy, which provides online support for first home buyers so they can get onto the property ladder without making costly mistakes.

You can ask a question live.

Go to the Walk The World Universe at https://walktheworld.com.au/

Its Edwin’s Monday Evening Property Rant!

The latest from our property insider, as we welcome in the year of the tiger! But what are we getting from our Chinese connections, and what of local listings and auctions? Things are getting very interesting…

https://www.ribbonproperty.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

Land Values Rampage!

The Valuer General is responsible for providing independent and impartial valuations for use by councils and the state government for levying rates and taxes and determining compensation for landowners when their land is compulsorily acquired.

The independence of the Valuer General ensures a clear separation between the impartial land valuation process and how state and local government use the valuations for levying rates and taxes or for determining compensation following the compulsory acquisition of land.

The NSW Valuer General latest report shows that Residential land values in the state saw an overall increase of up to 24.8 per cent from $1.4 trillion to $1.8 trillion in the last financial year. They called this “an astonishing” 25 per cent rise. The report also revealed the total value of land in NSW rose 24 per cent over the reporting period – doubling to $2.2 trillion since 2014, representing a dramatic acceleration in the historic rate of growth. Every market sector was hot through a tumultuous 12 months, according to the analysis of more than 67,000 property sales.

Coastal lifestyle locations Byron Bay and Kiama have led the way as NSW residential land values. The rural market was the standout performer with a 26 per cent rise, the logistics boom propelled a lift in industrial land values of 23 per cent, while commercial and retail land values increased 15 per cent.
“It took almost 100 years – from 1916 to 2014 – for the value of land in NSW to surpass $1 trillion in total value, but just seven years to go from $1 trillion to $2 trillion,” Valuer-General David Parker told The Australian Financial Review.

“In the middle of a global pandemic, to have this level of land value growth across the entire state is astonishing,” Dr Parker said.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.