In some 70 years from now, a prospective homeowner may have to fork out $12 million to purchase a new home, writes Michael Yardney for the Property Update.
Archives for December 2013
Archives
Buying A First Home Remains A Possibility
Strong investor activity in the First Home Buyer segment means that the dices are loaded against that 28% population which is yet to own a home. Already, they are feeling ‘hammered’ auction after auction and to add to their plight, media is pronouncing the last decline of the first home buying fraternity, guided by statistics which show lowest level of FHB activity this quarter since the time records are being maintained.
Issues of Negative Gearing and Depreciation Claims
Investors love the idea of capital growth. This said they are not averse to the concept of high rental yield either. In fact, things boil down to how a particular investor is planning his portfolio. Negative and positive gearing both have their merit after all? I will be none the poorer by elaborating on this subject….hasn’t gearing caught public attention for a long while?
Why You Would Look At Median House Prices
It is any investor’s dream to buy in an area which has historically registered smart capital growth. Add to this the time-tested principles of buying in a fast-developing neighbourhood and moving in sync with shifting paradigms- proximity to urban location, cafe culture, among other things. This said, the importance of researching median prices cannot be overestimated. After all, it gives you a rather precise idea of how property is priced for the given area.
How Do Most Home Buyers Evaluate Homes?
I read an interesting piece on the website realestateview.com.au. I will go on to say that most of the findings the article talks about is in sync with my expectations. The article is about the aspirations of buyers when they are searching for a home.
Beware Of The “Demolition” Verdict On Your Old Strata Complex Unit
NSW has displayed great momentum whether you talk about the new dwelling construction figures, median housing prices or the off-the-plan projects. It also carries the present darling of the crowd, Sydney, in its cradle. All this will definitely make you interested in buying in NSW. However, if you are planning to buy an old unit lot, you will have to contend with changes in the strata by laws. Let me try and give you insight into how they may impact your buying approach.