Well things may finally be looking up for those who have held onto their real estate investments, and home owners may be For more – View the full Whiteboard – April 2013 seeing the light in regards to a rise in their asset values. After a sustained period of little or no growth in prices or the number of properties selling, we can report that locally, the market might have turned a corner. The average sale price of a block in the area increased from $184,000 in 2011 to $191,000 in 2012, a rise of 3.8%. The average sale price of a home in the area increased from $396,000 in 2011 to………. Click here to continue reading.
Nerida Conisbee, Chief Economist, Ray White Group The Federal Budget has confirmed a major shift in housing tax policy, with negative gearing to be limited to new builds and CGT changes designed to reduce the tax advantage of investing in property. The intent is clear: reduce investor competition for existing homes and redirect capital into … […]
Cedar Mill concert venue a game-changer for Morisset A new event space at Morisset that will host headline national and international performers will put Lake Macquarie on the map as an event tourism destination and create new economic and social opportunities in the city’s south west precinct. Lake Macquarie City Councillors voted unanimously tonight to … […]