From exercising overcaution to jumping lock, stock and barrel into the property market, Australian investors have really made the journey from one pole to another in quick time. It seems that the pessimism surrounding the GFC has all but melted. Buyers are getting desperate to purchase properties- fearing that they would miss the ownership/investment bus otherwise. How else can you explain an average, 3 bedroom house in Eastwood selling for over $2.3 million? An article on news.com.au talks about the insane figure and the associated buying frenzy (call it despair if you will).
Archives for September 2013
Archives
Essential Traits Of A Great Neighbourhood
Recently I went through an article on MSN Real Estate. I remember Melinda Fulmer writing it and it talked about what makes a great neighbourhood. It was kind of hard for me to disagree with anything that Fulmer wrote. Many factors play a role in making a great neighbourhood- cafe culture, proximity of amenities, plenty of areas thriving with community interaction and so on. Go through the piece in your leisure time, I bet it won’t disappoint you.
Urgent Need To Do Away With Stamp Duty
The government-in-coming will do well to abolish stamp duty, says the Real Estate Institute of Australia (REIA). Stamp duty, levied as a traditional property tax, is not only inefficient but also decreases productivity of the nation.
Location Tops The Wish List Of Property Investors
Any client sitting with me for even 10 minutes will hear me spell out the magic word LOCATION at least once. Yes, I give paramount importance to the location of a property irrespective of whether my clients seek it as buyers or investors.
Is There A Way Past Stamp Duty? Not Likely.
Unless you have benefitted from a matrimonial home via the Family Law Act or gained through a gift in Will, you will be at the receiving end of the Stamp Duty storm. Property taxes are pretty high for Australia when compared to other developed countries, suggests Anthony Keane for the website news.com.au
How To Get The Best Mortgage Deal
If a recent survey is to be believed, only 30% of mortgage seekers are doing the intelligent thing. Rest do not find the prospect of haggling for mortgage loans enticing. Yet, truth be told, your haggling capacity has direct impact on the mortgage deal you finally secure. After all, why will mortgage houses offer you lower interests or waive fee unless you ask them to do so (and be persistent)?