News Archive
15 June 2006
Property Investment Cycle
There has recently been a lot of press regarding Sydney’s vacancy rates and flow-on rental increases. Since 2002, we have seen vacancy rates fall from highs of nearly 5% to historic lows of as little as 2% during the last few months. As we have predicted on numerous occasions during the last few years, we are now starting to see rents increase as the supply of rental accommodation dries up. ... read news item »
05 May 2006
Greater Housing Affordability
Real Estate Institute of NSW President, Mrs Cristine Castle, said statistics released today by the REINSW and Australian Property Monitors, show that there has seldom been a better time to buy residential property in Sydney and 20,696 purchasers over the past three months agree.
The sales volume of houses has increased 28.5% on last year’s March Quarter and the number of units sold has increase... read news item »
03 May 2006
RBA lifts rates by 25 basis points
Following a decision taken by the Board at its meeting yesterday, the Bank will be operating in the money market this morning to increase the cash rate by 25 basis points, to 5.75 per cent.
International developments are continuing to provide stimulus to growth in Australia. The world economy is growing at an above-average pace for the fourth successive year and, significantly, forecasts have ... read news item »
13 April 2006
Smoke Alarms - New Regulations released
We would like to remind Landlords that, following the introduction of the Building Legislation Amendment (Smoke Alarms) Bill 2005, it is now a requirement that all residential accommodation across NSW must have at least one working smoke alarm. This includes rental properties, owner occupied and temporary accommodation.
The legislation further provides that this is now a term of every resident... read news item »
07 March 2006
Record sales prices
Raine & Horne Mosman continues to set sales records in the local area - we achieved the highest sale in Mosman for 2005 at $14.8 million for a property on Hopetoun Avenue, Balmoral. And for 2006 we currently hold the highest sale in Mosman at $8.5 million for a property on Wyargine Road, Balmoral.
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