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The impact of removing negative gearing: high rents and zero affordability
The impact of removing negative gearing: high rents and zero affordability
With Treasury documents outlining how Labor’s negative gearing and CGT discount policies would really impact the Australian economy, one expert says policymakers should heed warnings on adverse rental outcomes. Following the reveal of Treasury documents acquired under freedom of information laws, the Property Council of Australia said that if Labor’s negative gearing changes are made of force and effect, investors face falling returns. Chief executive Ken Morrison said that the council believes lower returns from investment properties would mean less investment, a tighter market and upward pre...
Interest Rate Update
Interest Rate Update
Rates on hold: Why no one agrees on what comes next for interest rates Consensus followed by a quarrel: Economists’ RBA outlook all over the shop Not-so-new Reserve Bank chief Philip Lowe has already carved a place in history as the only governor not to move rates in his first year, and while practically no one expected any immediate move from the central bank, forecasts from major economists quickly diverge when looking down the line. The official RBA cash rate is widely expected to remain at a record-low 1.5 per cent at February’s meeting, which would mark the 18th consecutive on hold. Speak...
HIA stamp duty report fuels calls for national review of property taxes
HIA stamp duty report fuels calls for national review of property taxes
HIA stamp duty report fuels calls for national review of property taxes The HIA and the Real Estate Institutes of Australia, Victoria and New South Wales are calling for a review of stamp duty. “By draining the pockets of homebuyers to the tune of over $20 billion each year, stamp duty is a central pillar of the affordability crisis,” says Shane Garrett of the HIA. The HIA’s Stamp Duty Watch report reveals that stamp duty bills have increased almost three times faster than house prices since the 1980s. The analysis shows the trend will continue unless stamp duty is reformed, says HIA se...
Sportscover Victorian Junior Masters Press Release (Day Four) – Thursday 25 January 2018
Sportscover Victorian Junior Masters Press Release (Day Four) – Thursday 25 January 2018
Filipino Yuka Saso and Queenslander Tyler Duncan have endured hot conditions and strong fields to claim the 2018 Sportscover Victorian Junior Masters at Churchill-Waverley Golf Club. Saso entered the week as one of the favourites and the 16-year-old showed why on Thursday, stealing the show with a new course record in the final round to win by 12 shots. Saso’s closing 7-under 66 eclipsed the course record of 68 set by Haley Moore (2015) and Yu-Chiang Hou (2016), the stunning display taking her to 10-under for the week. “It’s my second course record,” said Saso, “I had another one at Barwon Hea...
Sportscover Victorian Junior Masters – Press Release (Day One) – Monday 22 January 2018
Sportscover Victorian Junior Masters – Press Release (Day One) – Monday 22 January 2018
Sportscover Victorian Junior Masters Press Release (Day One) – Monday 22 January 2018 The 2018 Sportscover Victorian Junior Masters kicked off today at the Churchill-Waverley Golf and Bowls Club. A bumper field with some of the finest young golfers internationally and interstate assembled at the Churchill Park site under clear skies in chase for this years coveted title. The tournament has one of the most impressive honour rolls in Australian junior golf with Aaron Baddeley winning in 1998, prior to winning 2 Australian Open titles and then Jason Day taking home the title in 2005. Yuka S...
RBA hibernation set to continue as rates remain on hold
RBA hibernation set to continue as rates remain on hold
    The Reserve Bank of Australia looks set to spend much of 2018 in hibernation as experts see a possible record being set for the longest period of unchanged interest rates. The Reserve Bank today left the official cash rate on hold for the 15th-straight month, in a widely expected move. None of the 28 economists surveyed by Bloomberg expected the central bank to move the official cash rate at today’s December meeting – the last until February 6 – while the market is pricing in just half of one rate hike by the end of next year. Governor Philip Lowe has repeatedly reminded the mark...
RBA shows indifference towards house prices
RBA shows indifference towards house prices
  The RBA has claimed, much like APRA, that it does not have any targets for housing prices, despite warning about the rising levels of household debt in the current economic climate. Addressing the Australian Business Economists Annual Conference & Dinner in Sydney on 21 November, Reserve Bank governor Philip Lowe said that, according to what he has observed, Australia’s most expensive real estate market has been “cooling”. “This reflects a combination of factors, including increased supply of new dwellings, some tightening of credit conditions, higher interest rates on loans to inve...
Barry Plant Group raises $100,000 in annual “Wishtober” initiative for children with life-threatening medical conditions
Barry Plant Group raises $100,000 in annual “Wishtober” initiative for children with life-threatening medical conditions
Now in its fourth consecutive year, Barry Plant’s fundraising initiative “Wishtober” raised $100,000 for Make-a-Wish® Australia, a charity that makes wishes come true for children with life-threatening medical conditions. For the past four years, the group has renamed October “Wishtober” and the initiative has raised more than $450,000 in total for Make-a-Wish® Australia since its inception. Now a much-loved tradition within the Barry Plant Group, each of the group’s offices contributes donations from commissions earned on every property sold throughout October.  The Corporate office also dona...
New depreciation cuts imminent, but ‘substantial’ deductions still on offer, says expert
New depreciation cuts imminent, but ‘substantial’ deductions still on offer, says expert
Legislation impacting travel expenses and plant and equipment deprecation is one step away from coming into effect, but one expert says that there are still “substantial” deductions to be had. The Turnbull government has passed both the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 and the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Vacancy Fees) Bill 2017 through both houses of Parliament, only requiring royal assent from the Governor-General to come into effect. These changes, should they get the green light from the Governor-General, remained mostly unchanged f...
Why we should all be concerned about getting more plant / life balance
Why we should all be concerned about getting more plant / life balance
  As more of us live the urban life, greening up has become a vital wellbeing issue. Think about it: from the house to the car to the office and back again, how much nature did you get today? Research shows that urbanites are clocking 90 per cent of their time indoors and, despite our love for a green smoothie, that means we’re missing out on some serious health benefits that vitamin N (that would be nature) can bring. Luckily, we don’t need to skip around a meadow on the regular – we just need to bring the outdoors in. A report from RMIT and the University of Melbourne suggests that indo...
Seven years since an RBA rate hike, is another on the way?
Seven years since an RBA rate hike, is another on the way?
  The last time the Reserve Bank of Australia raised interest rates, the AFL grand final had just resulted in a draw, Prince William and Kate Middleton had only just become engaged and Steve Jobs and Osama bin Laden were still alive. It was seven years ago today, and the RBA board has met 76 times since, cutting 12 times and hiking zero. The result of this month’s meeting, held on Melbourne Cup day, is pretty much seen as a foregone conclusion, with almost all economists expecting the central bank to leave the cash rate at a record low 1.5 per cent, where it has been since August 2016. In...
2020 housing predictions revealed for Aussie capital cities
2020 housing predictions revealed for Aussie capital cities
QBE Insurance has released a new report containing a forecast for the 2020 property market. The report is useful for agents because it details how the housing market is set to perform over the next three years. Produced by BIS Oxford Economics, the QBE Australian Housing Outlook 2017–2020 report shows that, overall, Australian houses are generally set for growth. From now to 2020, median housing prices are predicted to fall by 0.2 per cent and 0.9 per cent in Sydney and Darwin; prices are set to rise in the other capital cities, with Canberra predicted to rise by 16.3 per cent, Hobart by 10.8 ...
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Brenton Wilson O.I.E.C, Managing Director, Licensed Estate Agent Rowville
3 Jejana Terrace Rowville
Latest listings (sale)
3 2 2 1 2
3 Jejana Terrace
Rowville
For SALE
$700,000-$770,000  
120 Karoo Road Rowville
Latest listings (sale)
4 2 2
120 Karoo Road
Rowville
SALE BY SET DATE®
$800,000-$880,000  
50 Grange Drive Lysterfield
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4 2 10 3
50 Grange Drive
Lysterfield
For SALE
SALE  
2/60 Arnold Drive Scoresby
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3 2 2 3
2/60 Arnold Drive
Scoresby
SALE BY AUCTION
Contact Agent  
6 Gwyn Crescent Boronia
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3 1 3 1
6 Gwyn Crescent
Boronia
SALE BY SET DATE®
$730,000-$790,000  
33 Eildon Parade Rowville
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4 1 4 1
33 Eildon Parade
Rowville
SALE BY SET DATE®
$780,000-$850,000  
2/5 Tarwin Court Rowville
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4 3 1 4
2/5 Tarwin Court
Rowville
For SALE
$750,000-$800,000  
85 Seebeck Road Rowville
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5 3 3
85 Seebeck Road
Rowville
SALE BY AUCTION
AUCTION  
4 Montalto Rise Lysterfield
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4 Montalto Rise
Lysterfield
For SALE
Contact Agent  
13 Pioneer Court Rowville
Latest listings (sale)
4 2 1 2
13 Pioneer Court
Rowville
For SALE
$850,000-$935,000  
News update
The impact of removing negative gearing: high rents and zero affordability
With Treasury documents outlining how Labor’s negative gearing and CGT discount policies would reall...
476 Dorset Road Boronia
Latest listings (rent)
5 2 3 2
476 Dorset Road
Boronia
LEASE (Available )
$395 per week  
12 Bianca Court Rowville
Latest listings (rent)
4 2 2 2
12 Bianca Court
Rowville
LEASE (Available )
$510 per week  
5 Quinn Court Lysterfield
Latest listings (rent)
4 2 2 2
5 Quinn Court
Lysterfield
LEASE (Available )
$550 per week  
4 Filmer Court Rowville
Latest listings (rent)
7 3 5 4
4 Filmer Court
Rowville
LEASE (Available )
$745.00 per week  
175 Karoo Road Rowville
Latest listings (rent)
4 2 2 2
175 Karoo Road
Rowville
LEASE (Available )
$440 per week  
3/1084 Stud Road Rowville
Latest listings (rent)
2 1 1
3/1084 Stud Road
Rowville
LEASE (Available )
$370.00 per week  
3 Sutherland Court Mulgrave
Latest listings (rent)
3 2 2 2
3 Sutherland Court
Mulgrave
LEASE (Available )
$530 per week  
6/39 Stamford Crescent Rowville
Latest listings (rent)
2 1 1
6/39 Stamford Crescent
Rowville
LEASE (Available )
$365.00 per week  
4/10-12 Canterbury Close Rowville
Latest listings (rent)
3 2 2 2
4/10-12 Canterbury Close
Rowville
LEASE (Available )
$420.00 per week  
5 Stoneleigh Road Cranbourne North
Latest listings (rent)
4 2 2 1 3
5 Stoneleigh Road
Cranbourne North
LEASE (Available )
$550 per week  
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