Archive for the ‘Market Snapshot’ Category

Easter 2017 Newsletter

Welcome to the Easter 2017 Newsletter from your Living Here Wilston Property Management Team

Christmas and New Year Trading Hours

Merry Christmas and a Happy New Year to everyone!

Please note the following trading hours for our office over the holiday period.

23rd December 2016 | 8:30am – 1pm

24th December to 2nd January 2017 | CLOSED – emails and phones monitored

The office will be back to normal hours from Tuesday, 3rd January 2017.

RBA Ends Suspense with Interest Rate Announcement

The Reserve Bank of Australia has delivered the result of its monthly board meeting.

As expected, board members decided to leave the cash rate at a record-low 2 per cent, where it has been since May.

That was the result predicted by all 31 commentators surveyed by comparison website finder.com.au.

Many of the experts felt that it was too early for another rate cut, given that the Reserve Bank lowered the cash rate … Read more »

Foreign investment fees set to be introduced

Currently no fees apply to foreign investment applications in Australia.

But there will be soon following the House of Representatives Economics Committee report recommending the government apply a modest administrative fee to the current screening for all foreign purchases of residential real estate, including purchases by temporary residents, to fund compliance and enforcement activities.

It will apply to residential, commercial, developer, business and rural applications.

Business, commercial real estate and agribusiness investments would … Read more »

State of Play

December’s official Reserve Bank (RBA) 0.25% rate cut brought interest rates to the lowest level
seen since the Global Financial Crisis. While the RBA decided to leave the cash rate on hold at 3% at
both its monthly meetings so far this year, according to the March governor’s statement, recent data
suggests the effects of previous cuts are now beginning to flow through to the broader economy.

For Sydney property investors at least, the … Read more »