We have a tendency to get attached to our homes, as if they were living beings. Whenever we have to move to a different location, we get emotional, thus ignoring certain important to-do stuffs. Here is a functional checklist of the things you need to mind while moving house –
Archives for January 2014
Archives
Agents Conspire With Sellers To Inflate Prices
No game is short of its share of villains and the great game called the property market also has its fair share of real estate agents who ply their trade dubiously. In an article for the website Smart Property Investment, Stefanie Garber talks about how they conspire along with the sellers to inflate prices of the properties.
LMI Insures Lenders, Not Borrowers
Lender’s Mortgage Insurance (LMI) is there to cushion the lenders and not the borrowers, says Stefanie Garber in an article for the website Smart Property Investment. It is well known that borrowers availing more than 80% succour (of property value) from banks need to get an LMI cover.
This cover, however, aims to indemnify the lender against borrower default. While it is true that the LMI does help the lender/bank cover his/its losses in case of Foreclosure, the insurer asks for the same amount from the defaulting party (homeowner).
This said, the LMI certainly helps buyers fetch property in a coveted area for a very small deposit fee, and then win through its capital gains.
You can read the original article here.
Do you think the premium of LMI is stiff for first home buyers?
Hike In Dwelling Approvals Is Welcome News
Consider Michael Yardney an optimist when it comes to predicting about the property market in the year 2014. In an article for the Property Update, Yardney takes us through the welcome hike in dwelling approvals.
The private sector has recorded an 18% increase in approvals and it just goes to prove that the government’s move to infuse life into the construction industry through reduced cash rate seems to be working.
New home sales have shot up by 7.5% during November 2013. This includes a rise of nearly 30% for multi-units and 3.6% for detached houses. September-November exhibits a hike in new home sales for all 5 surveyed states.
You can read the original article here.
How do you see first home buyers performing in Q1 of 2014?
Avoid These Traps Of the Property Market
In an article for the Property Update, Michael Yardney, one of the top property strategists in Australia today, talks about the major financial traps for property market investors. Along with James Hooper (Accountant), Greville Pabst (Valuer), and Carolyn Majda (Insurer), Yardney chalks out a list of such traps at the behest of friend Karina Barrymore (financial journalist and the author of “The Power of Property”).
Construction Industry On the Move
Continued environment of low interest rates has provided expected succour to the construction industry. For the December 2013 quarter, house and unit constructions have witnessed a degree of hike, unprecedented in the last 8 years. An article on the website Smart Property Investment observes the trend.
Even more worthwhile is the fact that the construction industry has entered an expansionary mode after 4 consecutive years of contraction. Apart from being great news for the residential and commercial construction sector, the trend should also augur well for the manufacturing and service industry.
You can read the original article here.
Do you think we can make a headway soon in regards to the chronic housing shortage?
