Cash Rate up to 4.35%!
The Reserve Bank of Australia (RBA) has raised the cash rate by 0.25 percentage points to 4.35%. This increase is the 13th in 18 months and the first after a four month break. This increase is likely to dent the confidence of consumers already battling higher cost of living pressures and prompt a pause in the pace of growth in property prices but it is not likley to last. &nb...
Another Interest Rate Hike as the Inflation Battle Continues!
The Reserve Bank of Australia (RBA), at its June board meeting on Tuesday, increased the official cash rate for the 12th time in its tightening cycle, bringing the cash rate to 4.10% - its highest level since April 2012. In a statement, RBA governor Philip Lowe said that while inflation in Australia is past its peak, at 7 per cent it is still too high and it will be some time yet be...
Suprise, Suprise - RBA lifts rates by 0.25 percentage points
The board of the Reserve Bank of Australia (RBA) has lifted the official cash rate from 3.6 per cent to 3.85 per cent in a surprise move just a week out from the federal budget, amid signs households are continuing to feel cost-of-living pressures. The increase in the cash rate – now at its highest level in 11 years. RBA governor Philip Lowe said inflation, at 7 per cent, ...
Tenth Consecutive Interest Rate Rises
The Reserve Bank of Australia (RBA), yesterday, increased interest rates yesterday by .25% to 3.6%. The tenth consective interest rate rise has taken the cash rate to its highest level since May 2012, as the RBA battles Australia’s worst inflation outbreak in decades, fuelled by a combination of supply chain problems and strong consumer demand. The Governor of the RBA, Dr Lowe...
Interest Rates, Inflation and the effects on the Economy & The Property Market
The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting. The cash rate has jumped 325 basis points since moving off record lows in May last year. Today’s rise in the cash rate was broadly expected, but the trajectory of interest rates over the coming months remains highly uncertain and is tied to the outlook for inflation, which in itse...
Interest Rates & The State of the Economy
At its meeting today, the Board of the Reserve Bank of Australia (RBA) decided to increase the cash rate by 25 basis points to 3.10 per cent. There has been a substantial cumulative increase in interest rates since May. This has been necessary to ensure that the current period of high inflation is only temporary. High inflation damages our economy and makes life more difficult for people...
RBA Increases the official Interest Rate by .25% to 2.85% | Inflation at 7.3%
The Reserve Bank of Australia has increased the official interest rate by 0.25 percentage points, the seventh straight rise. The Melbourne Cup Day increase was inline with expectations and means the overnight cash rate has leapt from 0.1 per cent to 2.85 per cent since early May, the fastest tightening cycle in almost 30 years. RBA governor Philip Lowe revealed the bank now ex...
What Does The Federal Budget Mean for You?
The Labor Government's Federal Budget was announced overnight. The Canberra Times provided a great summation of the Budget, please see the points below: Housing: Governments, industry and investors have struck an accord, setting an ambitious target to build one million new homes in five years from 2024. The federal budget commits $350 million in additional funding f...
Six Consecutive Rate Rises - State of the Market
Philip Lowe, govenor of the Reserve Bank of Australia (RBA) increased the official interest rate by 0.25 percentage points, being the the sixth consecutive rise since May, taking the cash rate from 0.1 per cent to 2.6 per cent. This latest increase was below economist and market expectations of a 0.5 percentage point increase. Investors now expect a cash rate of 3 per cent by year’...
RBA Increases the official Interest Rate by .5% to 2.35%
Following its policy meeting on Tuesday, the Reserve Bank of Australia (RBA) decided to increase the cash rate for the fifth consecutive mont in a bid to bring inflationary pressures, surging at the fastest pace in about 30 years, under control. Data from Corelogic showed house prices across the country dropped again by 1.6 per cent in August. Sydney experienced the biggest fall with val...
RBA Increases the official Interest Rate by .5% to 1.85%
The Reserve Bank of Australia (RBA) has increased the official interest rate by .5% to 1.85%. The fourth consecutive increase making the this its most agressive tightening in more than 30 years. This latest tightening of monetary policy is expected to dramatically slow the economy and increase unemployment as the RBA concedes that higher inflation and increased borrowing costs ar...
Third Consecutive Increase to Interest Rates
At its meeting today, the Board of the Reserve Bank increased the cash rate by 50 basis points to 1.35 per cent. Factors Affecting their Decision Global inflation is high: It is being boosted by COVID-related disruptions to supply chains, the war in Ukraine and strong demand which is putting pressure on productive capacity. Monetary policy globally is responding to this higher infl...
Blueprint Property sells Home of Rockpool Bar & Grill and Spice Temple!
Manuel Pavia and Anthony Malek of Blueprint Property have successfully sold the iconic home of Rockpool Bar & Grill and Spice Temple at 66 Hunter Street Sydney for a record $40 million representing a net yield of about 5%. Two of Australia’s most opulent fine dining restaurants owned and operated by award winning chef, Neil Perry AM and backed by Urban Purveyor Group. Exceptionally s...
Blueprint Property sells Bvlgari's Sydney Store for a record price!
Manuel Pavia , Associate Director of Blueprint Property has sold the Bvlgari flagship store at 64 - 68 Castlereagh Street, Sydney to German fund DEKA Immobilien for a record price, in excess of $55 million. The strong sale price represents a yield in the vicinity of 4% and demonstrates the high level of demand for retail strata properties. The first record for retail strata was cl...
ALLEGRA EUROPEAN HOLDINGS ACQUIRES A SECOND PROPERTY IN THE SYDNEY CBD!
Manuel Pavia of Blueprint Property has again negotiated the acquisition of another strategic retail investment in the Sydney CBD on behalf of corporate Spanish clients Allegra European Holdings! The strata title retail property, on the ground floor and sub-basement of 66 Hunter Street Sydney, comprising approximately 2,000 square metres, is the home of Neil Perry's fine dining Restaura...
SPAIN'S ALLEGRA EUROPEAN HOLDINGS BUYS BVLGARI HOUSE BUILDING!
Spanish property company Allegra European Holdings (Allegra) has made its debut in Australia, purchasing the Bvlgari House building for $29 Million. The property comprises several strata units within 64 Castlereagh Street Sydney with a combined area of approximately 974sqm. The property is occupied by Bvlgari Australia, which is owned by Louis Vuitton Moet Hennessy. The sale r...
ELEVARE ESTATE - 100% SOLD OFF THE PLAN
Come home to Elevare Estate, a beautifully designed and luxuriously appointed residential development comprising only 14 town homes, nestled alongside tranquil parkland in an exclusive and private cul-de-sac. These ecologically inspired homes with highly desirable north easterly aspects have been designed to maximize natural light and ventilation, providing functional and pleasant indoor a...
BLUE VISTA APARTMENTS - 100% SOLD OFF THE PLAN!
Welcome to Blue Vista Apartments, a truly unique development of enduring class and finish, distinctively designed, contemporary apartments with highly functional floor plans that compliment the busiest of lifestyles whilst providing comfort and convenience. These apartments will impress the most elaborate owner occupier or astute investor. Blue Vista Apartments will comprise a boutique com...
EBEN GARDENS - 100% SOLD OFF THE PLAN!
Eben Gardens encapsulates all that is desirable in a designer town home, spacious open plan interiors devoted to living and entertaining, maximising natural light and privacy, complemented by high quality low maintenance finishes. Conveniently located within minutes of several quality schools, TAFE, the M2 Hills City Bus, parks and shops including Stockland Shopping Centre Baulkham Hills.&...
ASPIRE - 100% SOLD!
Blueprint Property welcomes you to 'ASPIRE'! Distinctively designed, contemporary apartments with highly functional floor plans that compliment your busy lifestyle and provide you with the comfort and convenience you desire. 'Aspire' will comprise a small boutique complex of only 24 unique apartments, situated within 300 metres of Dundas R...
Reducing Child Falls from Windows
Windows in new residential buildings will be designed to enhance window safety and reduce the risk of child falls under changes to national construction standards announced by the Australian Building Codes Board (ABCB). The department sought support from the ABCB to take measures to reduce the problem of children falling from windows. The changes, which take effect from 1 May 2013, will require...
Folini - 100% SOLD
Four brand new exceptionally designed Torrens title duplexes with spacious interiors, quality fixtures and innovative and functional floor plans. - Torrens Title (No Strata Levies) - Boutique development of only four dwellings - Ducted reverse cycle A/C throughout - Contemporary kitchens with Caesar stone bench tops, glass splash backs, Fisher & Paykel 900mm stainless steel appliances inclu...
Villa Patris - 100% SOLD
Get the best of lifestyle and location at 'Villa Patris'. Exceptionally designed to maximise sunlight and create functional living space with quality and convenience in mind. - State of the art kitchens with ample cupboard space and soft close drawers - Stainless steel European appliances including cook top, under bench oven, range hood, microwave and dishwasher - Caesar stone bench tops, - Ens...
Think Child Safe for Windows and Balconies
Fair Trading urges all NSW consumers, whether parents or carers of young children, landlords of rented residential premises or real estate property managers, to be aware of the risks associated with children playing close to open windows or unattended on balconies. Each year around 8,000 children are taken to hospital as a result of a fall, including approximately 50 who have fallen fr...
Capital Gains Tax Implications when selling a property in a Deceased Estate
A dwelling such as a house or home unit may be completely exempt from capital gains tax provided that certain conditions are fulfilled. (This tax exemption does not apply to commercial, industrial or retail properties.)In many cases – but not all – the main condition is that the property be sold within two years after the date of death. This two year limit may be extended if, after ...
Selling a property which is subject to GST?
In a recent case, an auction contract relating to the sale of a shop was marked so that the sale was a taxable supply. There was nothing in the contract to say that the auction price would have 10% added to it for GST. The highest bidder bought the property at auction for $2 million. He contended that the $2 million included the GST. The vendor however expected that GST would be added ...
Lease Guarantees
In a recent case, two directors had personally guaranteed the lease obligations of their company. The lease was later varied to provide for a larger area at additional rent. The variation of lease had a space for the guarantors to sign but for whatever reason their signatures were not obtained. The company collapsed and the landlord looked to the guarantors to pay unpaid rent, but the ...
Buying Off The Plan?
A new Federal unfair terms regime has now been introduced to protect people buying their home off the plan. Contract terms that may be rendered void by the new law would include: (a) a term that allowed the developer to change the location, size or the standard of finishes of the unit; or (b) a term that allowed the developer to terminate the contract at its discretion. So developers may ne...
Purchasing into a Strata Scheme?
Two-lot strata schemes are becoming increasingly common but they are seriously misunderstood. Some owners choose not to run them as a strata scheme at all but this is a wrong approach. These schemes must have an administration fund with associated levies and generally (with some exceptions) must have a sinking fund with associated levies. Also, with only few exceptions, the Ow...
Villa Lumiere, 57 - 61 North Rocks Rd North Rocks
Blueprint Property congratulates Khater Property Group on their nomination for Villa Lumiere in the Hills Shire Council Building & Design Awards. Successful project marketing campaign by Blueprint Property results in 100% SOLD prior to project completion. Villa Lumière represents a new genre in medium density living with multiple spacious living areas, innovat...