Buying a home is one of our top dreams in life, but there are lots of sacrifices that go into the process. You do not become a homeowner unless you put in the hard work. While it can be an emotionally rewarding and a monetarily lucrative journey, there are traps in the way that you have to be beware of. Let us read in detail about how these pitfalls can set you back and how one in particular can destroy all the effort you have put in.
Archives for January 2016
Archives
Sydney Homeowners Sitting on “Golden Lands”
Nick Bendel writes an article for the Adviser where he says that the value of land has spiked phenomenally all across Sydney. The Harbour City has witnessed an increase of 19.6% in land value, taking the overall value to $1.34 trillion by the end of financial year 2014-15. That means the average Sydney homeowners are practically sitting on “golden lands”, so to speak.
Rental Growth Falls in 2015
An article on Your Investment Property says that 2015 was a year marked by falling rental growth. In Australia, the residential rents have spiked by only 0.3% over the course of 2015 and this is the slowest the rental rate has moved in a long time.
Correction Only Escape For Housing Market
Huntley Mitchell and Nick Bendel assert in an article for The Adviser that Sydney may be the only capital city to witness experience undersupply in 2016. The Harbour City is currently facing frenzied apartment construction activity, and yet over the course of the next three years, it may not be supplied with enough properties.
3 Fatal Property Market Mistakes Young Investors Make
There are reliable stats to confirm that many young faces are entering the world of real estate. Compared to any other time in the past, the landscape of property market is now dotted with more Gen X and Gen Y investors. What they lack in experience they attempt to make up for with enthusiasm. Still, there are traps and lures aplenty in the real estate arena, and it is important that they know how to avoid them, or they will be committing a lot of fatal property market mistakes.
What’s Up For The Sydney Property Market in 2016?
A year ago, no one would have put his neck on the line and predicted two consecutive rate cuts by the RBA. The Sydney market was showing signs of bursting at the edges, and then came the news of rate slashes. One is inclined to believe that it made matters worse for the Sydney property market. Or did it?
