In an article for the website Your Investment Property, Phil McCarroll writes that the cumulative effect of various factors at work could see prices rising steadily in Sydney. The scarcity of residence-ready land and the hike in construction costs could enhance home prices a great deal.
Builders have evidently increased their margins and this has reflected on the cost of construction. Another thing worth noting is that unlike other capital cities, the on-market time in Sydney and Melbourne is pretty short.
You can read the original article here.
In an article for the website Your Investment Property, Phil McCarroll writes that Sydney is the costliest city to rent a room in. Where the national average is $202.62, the average weekly rent in Sydney is $275.44- a clear 36% higher. These are not mean figures!
In an article for the website Your Investment Property, Phil McCarroll writes that the property prices in Sydney are growing resiliently. It is not time yet to entertain thoughts of a ‘bubble’ though. Sydney’s Residential Property Price Index (RPPI) has risen by 3.1% in the March quarter and 13% over the last year. Detached dwellings rose by 3.8% and apartment units rose by 2.2% over the quarter discussed.
Phil McCarroll writes a piece for the website Your Investment Property wherein he states that the median house price in Sydney could go past the $1 million mark despite a mellowing down of the capital growth figure.
An average household had to part with half of its monthly income in the year 1989 (that is, 25 years ago) to pay up a standard mortgage repayment. Today, they can make do with one-third of their average monthly household income. So, unlike what many assume, property is cheaper today than it was a decade ago. Michael Yardney talks about the issue in an article on Property Update.
Michael Yardney writes a piece for Property Update wherein he discusses what makes a property a profitable venture as a development site. Before everything else, the requirements and protocols of the local council have to be understood. Once you are through with them, you can go about measuring the development potential of a site and it can be done this way:
