We have seen modifications in strata bylaws recently and one which is most interesting is the permission to bring pets along. This can be a great boon for baby boomers in particular. After all, pets increase our passion for life and also contribute to a happy family scene (just so important at the later stage of life).
Archives for March 2014
Archives
Recommendations for a Young Property Investor
Let me start by deflating your ambitions but do not worry I will wrap it up the right way. So the deflating bit- If you are at a tender age, the property market might not be for you at all. You can be better off investing your money in shares and managed funds. And now about the “wrapping up right” bit- I have come to understand that the best goals are set and best decisions are made at an unripe age. So there you go!
Property Tycoons Head Global Billionaires’ Club
The media moguls and Marble kings will be heard of no doubt but this age is gallantly responding to its new poster boy- Property Tycoons. Real estate is where those with the right kind of money are getting the greatest bang for the buck. Nikki Taylor observes the trend in an article for the website Your Investment Property.
Is Asian Investment In Our Properties Irking Us?
There can be no better phrase to encapsulate the Asian interest in Australian properties than the one Pete Wargent uses in his article for the website Property Update- “it is a subject receiving reams of coverage of late”. Is it all deserving coverage? Yes it is. After all, the foreign investment push, in no uncertain terms, has attained a noticeable proportion and China is playing really big with its disposable income.
Low Vacancy May Pressurise Tenants
Rental market is tightening up all across New South Wales, with vacancy rates continuing to dip. Inner Sydney has already witnessed a two-year low- never before has it hovered around the 1.5% mark since March 2012.
Asians Eye Australia’s Prestige Market
A large number of Ultra High Net Worth Individuals (UHNWI) are setting their sights firmly on the Sydney prestige market. In an article for the website Your Investment Property, Miriam Bell writes about the demographic shift of wealth and the greater role played by Asians in redefining world’s financial resources.
Lot of this wealth is flowing into Australian coffers and Sydney is surely an enticing prospect for Asian investors, especially so for the Chinese and South Asian investor fraternity. Sydney is a safe haven for Asians, what with its growing economy, its prime location, transparency and ebullient lifestyle.
Underpinned by low interest rates and lesser vendor discounts, the property market has really rallied well and its efforts reflect pretty well on the Prestige Market scene, too.
You can read the original article here.
Do you think foreign investment in real estate can be a trap for local investors?
