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A portfolio of 9,400 properties? Yes – If you are Harry Triguboff

Developer and billionaire Harry Triguboff has just clicked over 9,400 properties in his personal portfolio. Triguboff’s company “Meriton” is one of Australia’s largest residential developers. Triguboff himself likes to hold assets where possible rather than sell. This means he has amassed a massive portfolio. He has a very positive outlook on the current property market

Loan availability now much easier

Loans will now be much easier to get now that the assessment rate floor has been dropped across all banks. The rate has been dropped from 7.5 % down to as low as 5.3% with Macquarie bank. By dropping the floor rate it means that servicing for loans become much easier. Prior to the floor

RBA to cut rates to 0.75% in October and 0.5% in Feb

Westpac have now brought their anticipated drop in rates forward 0.25% in October 2019 and another 0.25% in Feb 2020. Their chief economist Bill Evans has cited the need for the RBA to stimulate the economy. Although unemployment remains low at 5%, the RBA would like to see that drop even further. He has said

Brisbane set to increase by 20% according to BIS Oxford Economics

The latest Residential Property Report released by BIS Oxford Economics suggests that Brisbane will increase in value by 20% over the next 2 years. The report states that Brisbane will lead the growth in any of the capital cities over the next few years. The reports says that Hobart is set to slow right down

RBA Cuts rates again – July 2019 Update

The cash rate moved to an historic low yesterday as the RBA did back to back rates cuts. The cash rate now stands at 1%. This is the first time the RBA has cut in consecutive months in over a decade. Some economists are even predicting further rate cuts and are anticipating that the cash

Here comes EOFY – Accounting for property

 The dreaded EOFY accounting rush is upon us. Everyone frantically trying to gather up lost receipts and making sure everything is in order for your business. But property accounting should not be as stressful as a business. Often it is the thought of doing it is actually worse than the doing. There are just

WA’s West Pilbara takes the crown of the biggest loss

While there were great gains to be made in WA’s Pilbara region during the mining construction boom, those gains have come off drastically with losses in the region at almost 60%. This gives the region the crown of the biggest loser in Australia. I am not a believer in investing in any regional markets that

HTW latest property clock confirms that Brisbane is on the up

The HTW property clock was recently released with Brisbane and Adelaide being the only 2 capitals with growth ahead. According to HTW Sydney and Melbourne are still in decline and will be for quite some time. It appears that Perth may have bottomed out but without more mining construction, Perth will always struggle.

Further Rate Cuts Expected

The minutes from the RBAs latest meeting point towards another drop in rates later this year. Rates that are already at historical lows are expected to drop even further making Brisbane’s property market even more enticing. “Financial market pricing implied that the cash rate target was expected to be lowered by 25 basis points at

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