Entry level, long term investment… Adelaide Affordability is the main driver of price increases in Adelaide. Supply and demand needs are closely aligned resulting in the property market performing steadily. Perth The property market in Perth has been sluggish due to unemployment, an oversupply of properties, high vacancy rates and poor local economy. This presents an opportunity for some buyers to enter the market.

At EV Financial, we understand the importance of cash flow and consistently investing in the success of your business. Give Eryk a call for secured and unsecured business finance. Eryk 0437 424 421 eryk@evfinancial.com.au

Affordable investment opportunities… Canberra Property prices in Canberra have been performing very well over the last year. Inner city homes are in strong demand and this boom has extended to properties in the outer ring due to affordability. Low-interest rates and a shortage of quality stock will continue to drive demand. Brisbane Capital growth in the Brisbane market may be held steady due to the increased supply in apartments. Nevertheless, the broader housing market has been performing well due to affordability and employment. Hobart Demand for properties in Hobart could be attributed to the low stock levels, affordability, high yields which present opportunities for investors to enter the market.

Backyards for balconies… Sydney The property boom in Sydney is charging ahead backed by a strong economy and infrastructure improvements. Home buyers are trading in their backyards for balconies and location. Sydney investors also seem willing to sacrifice high returns for the promise of long-term capital gains. Melbourne Population growth and the job market remain the drivers of demand and price increases. There continues to be a strong demand for established homes in the inner and middle-ring suburbs while there is some speculation that the increased supply of new units is keeping price rises at a steady and consistent rate.

Great guide to purchasing a property at Auction.

A recent case study for clients moving from Melbourne to Geelong evidenced 5.5% year on year growth in some Geelong suburbs, over a seven year period. Increasing, sometimes unrealistic, purchase prices for major capital cities is influencing buyers to explore similar metropolitan and suburban locations. Lifestyle, employment and prospective capital growth remain key motivating factors. Eryk 0437 424 421 Victoria 0417 424 421

The critical factor that feeds into RBA deliberations - Unemployment.

Abolishing stamp duty for first home buyers From 1 July 2017, first home buyers purchasing properties valued below $600,000 will be exempt from paying stamp duty. Further, first home purchases valued between $600,000 and $750,000 will receive a concession applied on a sliding scale. It will be available for new and established home purchases. Eryk 0437 424 421 Victoria 0417 424 421

As widely predicted the RBA has kept rates on hold as it balances a swag of recent positive economic news around growth in the economy, unemployment, house values and building approvals against a continued lack of wages growth and business investment.

An amazing kick off for the new Publican of the Cradock Hotel! Great start to a new venture and we're so thrilled to be a part of it. Congratulations!

The RBA has opted to leave the official cash rate on hold at 1.5%. This month’s Reserve Bank of Australia cash rate decision has just been announced; the last decision for this year in what has certainly been a jam packed 12 months.