In an article for the website Property Update, Kevin Turner examines why Sydney property prices are not likely to fall. It is the third year that we are witnessing a formidable price growth. Already, in the year 2015, prices have risen by 7%, and let us remember, we are only midway yet. November 2014 brought us close to an alarm. Warnings of price correction were in the air but the government shot back with successive rate cuts and the property market came back into its own.
Archives for July 2015
Archives
Finding the Perfect Property
The decision to buy a home is among the biggest one you’ll make in life. When you buy a home without conducting due diligence, you open yourself up to lots of latter-day regrets. The location is crucial. Great properties in the wrong area become average properties. You may ask what defines a perfect locality. For me, any locality can pass the “perfect locality” test if it has the following characteristics:
Has the Time for Property Investment Passed for Sydney?
Michael Yardney has been very clear in dismissing any noise which says Sydneysiders have missed the “property boat”. In an article for the website Property Update, he says that rather than making spur of the moment decisions about a market, one must coolly judge figures and statistics. The good thing about stats is that they don’t lie! Only this time, he treads a little more carefully and talks with a more balanced perspective.
Property Market is the Biggest GDP Contributor
In an article for the website Your Investment Property, Phil McCarroll talks about the figure furnished by the Property Council of Australia. It says that real estate contributed nearly 12% of the GDP of Australia in the last FY. Services pertaining to finance and construction in the property market have together bought business of about $182.5 billion and this is equivalent to 11.5% of the Australian Gross Domestic Product.
