Rental crisis in Mudgee

Rental crisisAnglicare has declared the plight of low income renters in Mudgee “dire”, after a national survey failed to find even one rental property in the town which would be deemed “affordable” for a family on a single minimum wage.
Anglicare’s National Rental Affordability Snapshot examined about 50,000 properties across every state and territory on the weekend of April 14. Continue reading Rental crisis in Mudgee

Housing starts won't revive without a bit of help - mostly from governments, Michael Pascoe argues.
Two years ago, Reserve Bank governor Glenn Stevens gave punters a very public warning not to bet on house prices rising.

It turned out to be good advice.

Now the RBA is pointing to housing remaining subdued until lower purchase prices, higher rental yields and population growth get us building again. Continue reading

Court knocks out ‘illusory’ $1000 home sale

Pittance ... This house on Wirraway Avenue was sold for just $1000.

The Sheriff’s sale of a repossessed house in Melbourne’s west for $1000 — that was worth an estimated $630,000 — has today been overturned by the Victorian Supreme Court.

 

The five-bedroom, two-storey brick house in Wirraway Avenue, Braybrook, built in 2006 by owner Zhiping Zhou, was repossessed by the Sheriff in late 2009 after Zhou failed to re-pay a $100,000 debt. Continue reading Court knocks out ‘illusory’ $1000 home sale

Mortgage appetite rises

Appetite for mortgages has risen for the first time in two years, unofficial data show, offering hope that home prices may lift in the months ahead.

Mortgage inquiries rose in 1.5 per cent in the first quarter of 2012, compared to the first quarter of 2011, according to Veda’s Consumer Credit Demand Index. They ticked up 0.2 per cent from the fourth quarter of 2011 to the first quarter of 2012. Continue reading Mortgage appetite rises

Time for that Tax Valuation

Now’s the time to start the ball rolling so that your property report can be completed well in time for the end of the financial year.

Whether your investment property is a residential or holiday rental, The Property Shop Mudgee has the expertise to prepare the reports that are essential if you’re to keep your money rather than sharing it with the Tax Man. Continue reading Time for that Tax Valuation

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