New South Wales and Victoria, the two most populous states in Australia, are showing further streaks of population growth. Incidentally, these are the two most potent housing markets, too, says Cameron Kusher in an article for the website Property Update.
Archives for April 2014
Archives
Value Growth Close to Unsustainable levels
In the property cycle which commenced in the month of June 2012, prices have attained really high proportions in the last 9 months or so. An article on the website Smart Property Investment talks about how Sydney has superseded its previous peak by a staggering 15.8%.
Experts however opine that such rate of growth is bound to come down- eventually settling for a more sustainable percentage. The RBA will be tempted to push up cash rates if capital gains persist in the way they are.
This said, March performances need not be given too much emphasis as the month, along with September, has historically been the best months for the real estate.
You can read the original article here.
Baby Boomers’ Advice To the Young Property Investors
Australian retirees have shown a greater penchant towards accumulation of wealth, compared to their global peers. Their advice to the young brigade is along the same lines, says Michael Yardney in an article for the website Property Update.
Value Growth To Slow Down in Sydney
Sydney will continue to grow but nowhere as illustriously as it has been doing over the past year. An article on the website Smart Property Investment suggests that property growth is likely to slow down to 4% and stay there for the next 5 years.
Years of Undersupply Behind Sydney Property Boom
Pete Wargent feels that long years of undersupply has to be blamed for the booming prices in the Sydney housing market. In an article for the website Property Update, he delves into both the sides of the equation.
Capital City Auction Clearance Rates Slip, Sydney Unaffected
While the auction volumes across the capital cities have given no reason to complain so far, auction clearance rates are turning out less strong than expected. In a piece written for the website Property Update, Cameron Kusher talks about the dwindling performance.