REAL ESTATE

Unit Sales Rebound Across Brisbane

The REIQ June quarter median unit and townhouse report has found the preliminary number of sales rebounded across most of Brisbane, with median prices also holding firm.

NSW Stamp Duty Changes to Hit Rural Centres Hard

The O’Farrell Government’s decision to slash First Home Buyers benefits by removing stamp duty concessions for existing homes will hit rural centres hard, according to the NSW’s peak industry body.
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Brokers Beware of Fraudulent Deals

Brokers need to be aware that a client's fraudulent transactions may come back to haunt them under NCCP legislation, according to Genworth Financial.

Control the Client, Control your Income

Brokers have been urged to gain control over the customer supply channel in competition with the banks, by adding value to the service they provide their client rather than just processing loans.

Housing Bailout Unlikely, Experts Say

With home prices still falling, new mortgage delinquencies rising again, millions of mortgages already in the foreclosure pipeline, and consumer confidence in the housing market near nil, President Obama is expected to include some new housing fix in his post-Labor Day speech to the nation on jobs and the economy.

New Zealand Property Outlook Promising

Spring sales are looking very promising in the New Zealand residential real estate market as the median price for homes ticks upward, inventory remains low after a period of distressed property buys and economic confidence improves.

US Brokers Cry Foul Over Commissions

US mortgage brokers have called on the Obama administration and the US Congress to encourage the nation's Consumer Financial Protection Bureau to rescind its loan originator compensation rule.

Buying First Home in Australia 'Simply Unachievable'

Aspiring home buyers in Australia will find that buying a home in NSW has become "simply unachievable" for some, real estate experts have advised. Exemptions on stamp duty will now be restricted to newly built and "off the plan" properties only.

No Exit: Are Loan Exit Fees a Bad Thing?

Mortgage exit fees have drawn a lot of discussion recently, with the Federal Government announcing its plan to legislate against them (one of a range of proposed banking reforms) and the NAB offering to reimburse the exit fees of borrowers who switch to it.

Brokers Fight Against Branding

Independent brokers may bristle at the idea of coming under the umbrella of a brand, an MPA Top 100 Broker has claimed.

Rent at Sydney's Pitt Street Mall If You Dare

Rent at Pitt Street Mall in Sydney jumped 33 percent putting it in the fourth spot among the world's most costly real estate properties, Cushman & Wakefield said in its latest report.

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