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.

You spoke, we listened!

You spoke, we listened!

You may have noticed our weekly emails have paused over the last few weeks, this is because we will no longer focus on just promoting properties. We are really excited to announce our new holistic approach, which will focus on what you want and need to know to make the most from your investments. We […]

HOUSING AFFORDABILITY IMPROVED

HOUSING AFFORDABILITY IMPROVED

The latest Adelaide Bank/REIA Housing Affordability Report shows that the proportion of the median family income required to meet average loan repayments is 29.4%, which is the best level since the June quarter 2009. Victoria recorded the greatest correction with the loan repayment-to-income ratio decreasing 1.7 percentage points to 31.0%.” Rental affordability improved as the […]

ARE INVESTMENT PROPERTIES AND PRINCIPLE PLACES OF RESIDENCES THE SAME?

ARE INVESTMENT PROPERTIES AND PRINCIPLE PLACES OF RESIDENCES THE SAME?

Should you focus on making money from a property, or is it more important to make sure your needs and wants are being met? I often hear the dilemma of buyers deciding what to focus on when purchasing their next property (or their first one), particularly young couples – typically the guy will want to […]

MORE LENDERS TRIM THEIR RATES

MORE LENDERS TRIM THEIR RATES

  Bendigo Bank is one of several lenders to announce fresh interest rate discounts, shaving 10 basis points off its residential lending interest rates. Under the bank’s owner-occupied mortgage offering, loans greater than $500,000 now carry an interest rate of 4.13%, down from 4.23%. For loans between $250,000 and $499,999, borrowers can expect an interest […]

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 […]