Onyx Blog: Property Investment Advice and Tips

Welcome to the Onyx Blog. This is where we review and comment on recent developments affecting property investors. We also provide information on investment strategies, mortgage finance and legal issues appropriate to different situations, for example, if you are self employed or approaching retirement. You can also subscribe to our blog via RSS or email.

HOME APPROVALS SURGE IN JULY

HOME APPROVALS SURGE IN JULY

There has been a surge in approvals for new dwellings, surprising many commentators. Home approvals rose 11.3% in July and were up 3.1% in annual terms, according to figures from the Australian Bureau of Statistics. The July figures were driven mostly by a 23% rise in the “other dwellings” category, which includes apartments and townhouses, […]

STATE BY STATE GUIDE TO FIRST HOME OWNERS GRANT

STATE BY STATE GUIDE TO FIRST HOME OWNERS GRANT

Right across Australia first-time home buyers may be eligible for a grant to assist them in purchasing their home. Find out how much you may be eligible for with our state-by-state guide to all First Home Owners Grants in Australia. Visit your local revenue office website for full criteria by clicking on your state image […]

ARE TINY HOMES THE ANSWER TO HELP EASE HOMELESSNESS?

ARE TINY HOMES THE ANSWER TO HELP EASE HOMELESSNESS?

Australia’s first “tiny homes” project will take place on the NSW central coast in a bid to help homeless people find affordable accommodation and a new start in life. The tiny house movement has gained traction in Australia and overseas with a growing number of people looking for a low impact lifestyle based on sustainability. […]

TIME TO STAMP OUT STAMP DUTY?

TIME TO STAMP OUT STAMP DUTY?

Most Australians think cutting or abolishing stamp duty is the best way government can help people into home ownership, according to a national survey. Only 15% believe abolishing negative gearing (the centrepiece of Labor’s federal election policy) is the best way for government to assist the property market. The poll by online property agency iBuyNew […]

PLANS TO FURTHER LIFT PENSION AGE ‘TERRIFYING’ FOR SOME OLDER UNEMPLOYED PEOPLE

PLANS TO FURTHER LIFT PENSION AGE ‘TERRIFYING’ FOR SOME OLDER UNEMPLOYED PEOPLE

  Proposals to further lift the pension age have “terrified” some mature-aged jobseekers, who said they were already struggling to compete for work with candidates decades their junior. The Federal Government has flagged plans to reintroduce legislation to raise the pension age from the current 65 years and six months, to age 70, by 2035. […]

33% OF HOUSES UNDER $400,000

33% OF HOUSES UNDER $400,000

  The proportion of homes selling at lower prices is continuing to fall. Over the 12 months to June 2016, 33% of all houses sold nationwide and 41% of all units sold at prices below $400,000. These proportions have fallen from 35% and 44% respectively at the same time a year earlier.  The proportion of […]

DREAM STILL STRONG FOR YOUNG AUSSIES

family with the protection of cupped hands, concept for security and care

Owning a home remains the great Australian dream for young people. A report by the Financial Planning Association and social research group McCrindle has found that buying real estate is a major financial goal for more than half of Generation Ys – and is twice as popular as paying for an overseas holiday or becoming […]

VICTORIAN GOVERNMENT UNVEILS APARTMENT DESIGN STANDARDS

VICTORIAN GOVERNMENT UNVEILS APARTMENT DESIGN STANDARDS

Melbourne has been a popular choice for apartment developer in recent years, but they may soon have to reconsider future projects as the Victorian government takes the next step in updating minimum design standards. The Victorian government started the process of updating minimum design standards for apartments in May 2015 and this week released its […]

WHY WAIT, EARN MORE NOW FROM YOUR INVESTMENT PROPERTY

WHY WAIT, EARN MORE NOW FROM YOUR INVESTMENT PROPERTY

Claiming depreciation and using a Pay As You Go withholding variation can increase your fortnightly cash flow Though investors often use negative gearing to offset the costs involved with owning a property, most have the aim to eventually use the property primarily as a source of income and to generate wealth. Property investors evaluating their […]

NEW HOME LENDING BOUNCES

New House Construction Frame with room for copy

The latest ABS figures on housing finance show that new home lending saw a healthy rise during June. The number of loans to owner-occupiers for dwelling construction rose 2.1% in seasonally adjusted terms in June, while loans for the purchase of new homes saw growth of 2.7%. Overall, new home lending volumes increased 2.3% during […]