Investor News
War Of Words Erupts Over Research Quality
September 11, 2010 by administrator · Leave a Comment
The chief executive of van Eyk Research, Mark Thomas, fired a broadside at the Australian investment research industry last week..
This story criticises the accuracy, reliability and bias of share market fund research companies. This raises questions about the quality, accuracy, reliability and bias of real estate sales statistics provided by private data providers in Australia. The core business for most real estate data providers are real estate agents and lenders and it is in the best interest of private companies to service the needs of agents and lenders. To protect their business revenue.
This creates a conflict of interest as the needs of home buyer consumers for accurate, reliable, dependable and unbiased specific data is not met. (more…)
Australian Federal Election 2010 – Labor Retains Grip On Power
September 7, 2010 by administrator · Leave a Comment
Prime Minister Julia Gillard says she will pump almost $10 billion into regional programs after today scraping back into power with the support of two key independents.
Ms Gillard has pledged to work tirelessly for the Australian people and says she will try and find common ground with the Coalition as Labor heads into its second term in government.
Two independents today broke the political deadlock by giving their votes to Ms Gillard in a Labor minority Government. She has advised Governor-General Quentin Bryce of the developments. (more…)
Australian Personal Property Securities Register Commences In May 2011
September 6, 2010 by administrator · Leave a Comment
Personal Property Security (PPS) reform is changing the law and practice for secured financing involving personal property. PPS reform will bring the different Australian Commonwealth, State and Territory laws and registers regarding personal property security interests under one national system.
From May 2011 there will be one national PPS law and one national PPS Register. (more…)
New South Wales govt tweaks developer levy caps
September 2, 2010 by administrator · Leave a Comment
Homebuyers will be worse off because of a NSW government decision to lift a cap on developer levies for greenfield sites, lobby groups say.
But councils have welcomed the announcement from Planning Minister Tony Kelly on Tuesday that he will restructure the cap, lifting it to $30,000 for greenfield developments but keeping it at $20,000 for all other projects.
Developer groups the Property Council of Australia and the Urban Taskforce said homebuyers would ultimately foot the bill. (more…)
Australian economy stronger but rates stable
September 2, 2010 by administrator · Leave a Comment
Higher than expected retail trade and building approval results point to a strengthening economy, but economists say interest rates will be on hold until the end of the year.
Australian retail trade at current prices rose 0.7 per cent in July, higher than the market forecast of 0.4 per cent.
Building approvals rose 2.3 per cent in the same month, significantly higher than the expected fall of 0.7 per cent. (more…)
Migration cuts to hit Australian housing industry
September 1, 2010 by administrator · Leave a Comment
Large cuts to migrant numbers could exacerbate a looming skills shortage and lead to wage blowouts as the resources sector gears up for another boom, industry analysts warn.
The housing construction industry has been complaining about a structural undersupply of labour and the lack of a dedicated migration program for the residential sector.
But it also says migration targets may not be enough to maintain a working age population. (more…)
Sydney residential rental vacancies rise
August 28, 2010 by administrator · 1 Comment
THE number of available rental properties in Sydney rose to a near 12-month high during July, figures from the Real Estate Institute of NSW (REINSW) show.
But the number available fell slightly in Newcastle and remained almost unchanged in Wollongong. (more…)
Australian home loans a bridge too far
August 28, 2010 by administrator · Leave a Comment
BANKS are denying funds to homeowners looking to upgrade and move into a bigger home.
The hardline stance is curtailing Sydney’s already lacklustre property market by delaying home purchases and forcing homeowners to sell their homes before buying a new one.
Industry experts said lenders were increasingly blocking homeowners from bridging finance – intermediate loans that finance the purchase of a new property while existing property is sold. (more…)
Mortgage Choice Australia net profit falls in 2010
August 27, 2010 by administrator · Leave a Comment
Finance broker Mortgage Choice Ltd has posted a fall in annual profit and sounded a warning about the effects of housing under-supply and affordability on the housing market.
Mortgage Choice reported a net profit after tax of $23.479 million in 2009/10, down 12.5 per cent from $26.849 million in the prior year.
On a cash basis, Mortgage Choice said annual net profit was $14.8 million, up from $13 million in 2008/09. (more…)
Australian construction is firm, no rate rise likely in Sept 2010
August 27, 2010 by administrator · Leave a Comment
A higher than expected construction work result increases the risk of a strong economic growth number next week, economists say.
But the strengthening economy won’t be enough to convince the Reserve Bank of Australia (RBA) to lift interest rates as a series of data releases feeds into the second quarter GDP (gross domestic product) number next Wednesday. (more…)
Labor Stands Out As The Best Option To Support The Australian Housing Market
August 20, 2010 by administrator · Leave a Comment
It is only one day to go until Australians vote in 2010 Federal Government election.
Over the last few days we reviewed the housing market related policies of the major political parties. Based on the information reviewed and recent track record it looks like the Australian Labor Party stands out as the better option to support the housing market
Australian Federal Government Election 2010 And The Department Of Housing Issues
August 19, 2010 by administrator · Leave a Comment
The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Department of Housing issues …
What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)
Australian Housing Industry Support And The Federal Government Election 2010
August 19, 2010 by administrator · Leave a Comment
The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Australian Building and Construction issues …
What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)
Australian political parties comment on the impact of regulation on businesses in the building industry in 2010
August 19, 2010 by administrator · Leave a Comment
The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Regulatory Burden On Business issues …
What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens. (more…)
Australian Housing Industry Taxation and Contracting Issues In 2010
August 19, 2010 by administrator · Leave a Comment
The Housing Industry Association of Australia approached all major political parties and asked the hard questions regarding critical policy issues. Find out about Taxation and Contracting issues and the alienation of Personal Services Income (APSI) provisions to professional services businesses…
What is the policy position taken by each major party including the Australian Labor Party, The Liberal National Coalition and The Greens (more…)
Find property and research the Australian property market like a professional [
