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Apartment development booming in Melbourne
Melbourne is witnessing a boom in higher density living. Previously, larger residential complexes were mainly restricted to the CBD and inner suburbs but the number of medium and high-rise complexes being built in middle and outer suburban areas is on the increase.
WA property market not benefiting from resources boom
The positive performance of those industries aligned with or benefitting from the major resource projects has not translated to the property market, reports Opteon Senior Valuer, Chris Murphy.
The future looks bright for Wagga Wagga
Both regional centres of Wagga Wagga and Griffith have been affected by record floods which occurred in early March this year. Several rural townships and villages were inundated, particularly the settlement of Yenda in Murrumbidgee Irrigation Area (MIA).
Northern Victorian Market Update
Activity in the north and north-east residential markets has continued to slow through the first quarter of 2012, reports David McKenzie, Director of Opteon (Goulburn North East Victoria).
Investors should be wary of speculation
The recent deferment of the decision on the Abbot Point coal port expansion in Bowen puts investor yields in jeopardy.
Major development in Mackay
Chinese developers have announced they will construct a 13 storey building on the corner of Macalister and Alfred Streets in Mackay.
Rental properties - avoiding common tax mistakes
When tax time comes around there are some common mistakes identified in the tax returns of rental property owners.
News that you choose
Property news that is timely, informative and relevant to you. Tell us what you would like to read about.
Opteon (Victoria) April newsletter
Opteon Outlook- The Victorian Perspective is available for viewing
Snaring a property bargain in a subdued market
Lower property prices, tougher lending rules, and volatile economic times; it could mean it’s time to snare a property bargain.
Opteon is expanding in North East Victoria
An office relocation and acquisition for Opteon (Goulburn North East Victoria)
Albany property update
Grant Solomon of Opteon (Albany & Great Southern WA) weighs in on the current property market in Albany, WA.
Prime Agricultural Land v Mining- Land use conflict
Andrew Aylward of Opteon (Central West NSW) discusses the growing concern associated with the development of mining projects on prime agricultural land.
Rental properties & natural disasters- picking up the pieces
Australia is the country of fires and floods and many investment property owners are unaware of the types of expenses they can claim if their property is damaged or destroyed during a natural disaster.
Commercial & Industrial market review- Mackay QLD
Mackay has definitely woken up from the usual post Christmas slumber and is continuing the high confidence levels that emerged towards the end of 2011, Jeff Dodds of Opteon (Central and South West QLD) reports.
Business is on the up as the Sydney office grows
Sydney’s Western Suburbs are showing the greatest increase in activity, reflects Sally Wickham, Director Valuation Services Opteon (Sydney). The activity appears to be coming largely from borrowers refinancing due to greater competition between lenders, particularly on 3 year fixed rates.
Nurturing through education
There is a diminishing number of students coming through the valuation stream and then even fewer that actually go on to enter the valuation industry. Opteon (Western Australia) has created a scholarship at Curtin University to help curtail this.
Understanding the value of valuations for SMSF
In recent years there has been a significant increase in the number of self managed superannuation funds (SMSFs).
Helping property investors avoid the pitfalls
Matthew Durie, Director of Opteon (Newcastle) argues that whilst the residential rental market remains very tight, this does not mean investors cannot make mistakes.
December Interest Rate Cut
Last week, the RBA decided to cut the official cash rate by 25 basis points, reducing it to 4.25% in December, marking the first back-to-back monthly cuts since April 2009.
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