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Dual key at central park worth a look.
York and George at George st
Greenland at Bathurst st
Trieste at ultimo
East central at Surry hills
Harold park
Luxury got Eliza
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Take note of limited financing options for foreigners for int size below 45-50sqm
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
oh, u mean banks here do not loan to foreigners for int size below 45-50sqm ah?... may i know what are the limited options in this case, loan in SG?
no wonder i see this type of layout - 2 studio combined with 2 doors follow by 1 main door... like that bypass the small int size rule liao
Look at this 1br.
http://smh.domain.com.au/real-estate...215-2zfcy.html
http://www.domain.com.au/Property/Fo...did=2010871084
Est size 44.21sqm incl 14sqm car park
Price 569k
12870 per sqm
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Sydney is heading into a giant and unprecedented investor-led property boom
Monday, 16 December 2013
Home
If there was any residual doubt about whether low interest rates would push more investors into Australia's housing markets, well, there isn't now.
I'm not sure I understand all of the reasons why everyday Australians are more inclined to invest in residential property than, say, our counterparts in the US, but regular readers will recall that I was confident that this would be the outcome of lower interest rates (in the face of a chorus of articles and commentators suggesting in no uncertain terms that the housing markets would not respond to monetary policy, and that buyers should 'sit it out' and wait for an inevitable price correction).
It seems to be part of the Australian psyche, as well as a reflection of our tax system. Investors with surplus capital have seemingly been spooked by the share market crash rather than welcoming the wonderful buying opportunities, and instead turn to the property markets to seek returns in the low interest rate environment ("I've always done well in property").
In my opinion, and in that of others, the long-run outcome of this will be iniquitous "cones of wealth" surrounding our major capital city centres - in particular Sydney and Melbourne - just as we have seen unfolding in London and elsewhere over the past few decades. I don't expect that outer suburbs and regional centres, where the percentage of investors is much lower, will be impacted all that much.
Finance data
The Housing Finance data for October from the*Australian Bureau of Statistics (ABS)*showed a very substantial 4.1% seasonally adjusted increase in total dwellings housing finance.
Source: ABS
As you can see above, owner occupied housing finance increased by 1% through October, seasonally adjusted, and the recent data has sent the total number of owner occupied dwelling commitments well above their long run averages.
Source: ABS
The total value of dwelling commitments is in a roaring uptrend, the most recent sector of the chart almost vertical.
Source: ABS
The real driver and the real story of this release is the level of investor activity, which has increased massively over the month of October (+8%) and over the past year (+29%).
Note that this is*easily the highest level of investor activity ever recorded in Australia.
Source: ABS
Combined with other data which shows that New South Wales is leading the levels of financing activity, this clearly suggests to me that the types of property which will 'outperform' the national averages will be those favoured by investors, in particular those located in the inner/middle ring suburbs in Sydney.
Australia 'to be an energy superpower’ by mid 2017
Australia could overtake Qatar as a global force in energy production thanks to its LNG production, like this plant in Karratha
By Ambrose Evans-Pritchard8:30PM GMT 15 Dec 2013
Morgan Stanley report predicts that gas exports will help country eliminate its current account deficit for the first time in four decades
Australia is to become a global gas superpower by the middle of the decade and eliminate its current account deficit for the first time in almost 40 years, according to Morgan Stanley.
“Liquefied natural gas (LNG) exports from Australia could be the next big thing,” said the bank in a new report.
It predicted a “huge ramp-up” in LNG output that could transform the country’s economy, claiming that Australia could overtake Qatar by to become the world’s biggest exporter of LNG as soon as 2017 rather that 2030 as widely assumed.
By then Australia would be a major force in global energy production, with LNG and coal exports together matching the country’s vast iron ore shipments.
Two-thirds of the world’s entire increase in traded LNG capacity is currently from Australia. While the US has a glut of natural gas from shale sources, it will be five to 10 years before it has the export terminals and infrastructure to sell large amounts on the global market.
This gives Australia a window of opportunity. It can benefit from the shortage of LNG supplies in Asia, especially in Japan where closure of nuclear reactors after the Fukushima disaster has left the country heavily dependent on gas imports. Gas is selling in Japan at almost $19 per British thermal units (BTU), compared to just $4.3 in the US.
Once dismissed as a pipe-dream, LNG has come of age with new technology since the 1990s. The breakthrough came with gas turbine technology and advances making it cheaper and safer to transport the fuel in refrigerated hulls made of molybdenum alloy at minus 116 degrees.
“The ramp-up would be enough to see Australia record a current account surplus in 2015, the first since the second quarter of 1975. It is difficult to overestimate the long-term structural importance of this industry to Australia,” said the bank’s East Asia expert Geoffrey Kendrick.
Whether it will be that easy for Australia to boost output is a disputed subject. Chevron says the cost of its Gorgon LNG project on Barrow Island with Shell and ExxonMobil off Western Australia has jumped $37bn to $54bn. It is the latest in a string of setbacks for the LNG sector.
If Morgan Stanley is right, the export share of Australia’s economy will rise from 20pc to 22pc of GDP by 2016. Energy would jump from 10pc to 18pc of total shipments. The return to surplus would be a remarkable shift for a country that has run a current account deficit averaging 4pc of GDP for the last three decades, and is currently near 5pc.
Australia is one of the world’s last surviving AAA states, yet its position is precarious. It has built up external liabilities of $855bn US dollars and has a net international investment position (NIIP) of minus 64pc of GDP, the world’s most-stretched after Europe’s Club Med bloc. The International Monetary Fund usually regards minus 30pc as a warning signal.
The LNG bonanza may give Australia a chance to stabilise its external balances and perhaps start to reverse the slide by beefing up its sovereign wealth fund, or Future Fund. The fund is a crucial means of recycling commodity wealth out of the economy and preventing the Australian dollar from rising too high.
The country is exhibiting clear signs of the “resource curse” as other sectors of industry whither on the vine, literally in the case of struggling vineyards. The beautiful wine-growing region of Hunter Valley is being “ripped apart” by coal mines, according to local activists.
General Motors has announced that it will shut down its car plant in a blue-collar district of Adelaide, blaming the “sustained strength of the Australian dollar and high cost of production”.
what is the impact of this huh?
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Budget deficit to jump to $50bn
AUSTRALIA faces a blowout in the deficit to $50 billion as Tony Abbott promises to launch into a "budget repair job" next year to address the "monumental" fiscal failure of the Labor government. But the Prime Minister has pledged to keep the Coalition's promises, including the $3.5bn paid parental leave scheme, in full and delivered on time, despite the deterioration in the nation's fiscal position.
The pre-election fiscal and economic outlook released three months ago predicted a deficit of $30.1bn but sources are now tipping the $50bn figure.
Even after Joe Hockey's decision to inject $8.8bn into the Reserve Bank to bolster its financial resources, this suggests the budget deficit has been deteriorating by $1bn a week since the election.
Mr Abbott said yesterday that while next Tuesday's mid-year economic statement would expose Labor's "monumental profligacy and fiscal ineptitude", it would "draw a line under Labor's disasters" and pave the way for the Coalition's repairs.
"We will be methodically setting about the repair job," the Prime Minister told The Weekend Australian in an interview to mark 100 days since the election on Monday.
Mr Abbott conceded there had been a "snafu" over the attempt to cut $1.2bn out of the schools education budget and a series of events that had buffeted the Coalition, but he declared his new government had had a "very productive 100 days".
"We have precisely done what we said we would do and we have kept almost precisely to the timetable," he said. "If the test of the government is 'are you competent and trustworthy?' I think we have passed that test."
In the face of declining popular support in the polls and strident criticism of the Coalition's early days in government, the Prime Minister was defiant about the government's performance and critical of Labor in government and in opposition.
He said the mid-year economic statement and the May budget would be markers in the life of the Abbott government.
"I think it (the mid-year economic and fiscal outlook) will clearly indicate the former government was monumental in its profligacy and fiscal ineptitude and it will in a sense rule a line under Labor's disasters, the magnitude of Labor's fiscal disaster, and it will delineate the magnitude of the task."
He said the only "disappointment" was that the Labor Party was still in denial about the election result.
"Every day the Labor Party holds up the carbon tax repeal legislation, every day the Labor Party makes it difficult for us to implement our border-protection policy, just confirms to the public that Labor is the party of higher taxes and more boats," he said.
"It's crystal clear what Labor's tactic is: it's to blame everything that happens on us as if they were never in government themselves and to be absolutely as obstructionist as possible."
While the government has passed promised legislation to repeal the carbon and mining taxes through the lower house, it has been frustrated in the Senate by Labor and the Greens, who hold the balance of power.
Of 11 carbon tax repeal bills, only the legislation to repeal the Clean Energy Finance Corporation was voted on in the Senate before it rose for Christmas. The CEFC repeal bill was defeated.
Coalition MPs were warned this week to expect a horrific mid-year economic statement and Mr Abbott said restoring the budget would be a key focus next year.
Despite the pressure on the budget, Mr Abbott said the Coalition would still deliver on its "modest spending promises" of $11bn on infrastructure, the "signature" paid parental leave scheme, funded by a tax levy on large companies and rebadging existing paid leave, and keep to the timetable it set.
"If there is one lesson to be learned from the school funding 'snafu' it is that the public expect us to keep to our commitments letter and spirit," Mr Abbott said.
Referring to the attempt to keep a Labor cut of $1.2bn in school education funding, he said: "You can't plead the fine print; you have to adhere to the spirit of your commitments."
On falling polls and having only a short political honeymoon after the election, he said he "never thought that life in politics was a Hallelujah chorus of approval".
"I've never thought that and never found that," he said.
"There was almost nothing John Howard did when he was in government that wasn't ferociously contested.
"You have to accept that while you are there you are going to be (the) subject of fierce criticism and you can't let it put you off. You just have to purposefully, if necessary doggedly, push on with what you have said you will do.
"Obviously we can be talking about the fact Labor is standing in the way of our mandate but if on the same day Holden announce they are pulling out of manufacturing our message will be lost in the shock of the new.
"But as long as your message is clear, consistent and truthful I reckon it slowly sinks in."
Mr Abbott defended his strategy of obstruction as opposition leader and criticised Labor's refusal to agree to the repeal of the carbon and mining taxes. He said opposing the repeal of the carbon tax might give Labor "a degree of satisfaction" but would ultimately work against it.
"The fundamental difference between what they are doing and what we did in opposition is that we opposed the then government breaking its commitments. They are opposing us keeping our commitments and I think the public is more than smart enough to appreciate the distinction."
The impact of budget deficit? Open door policy for chinese money and migrant.
Already opened. Look at their census data.
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visited another showflat... guess this place should be more for own stay blah...
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.