Imagine house values being more than 5 times the unit values. Takes some beating! This is the story of Centennial Park, Sydney. While such contrast is not a trend yet, the fact that combined capital city values show up a 28% difference between houses and units tells its own tale.
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Over-researching Can Harm Real Estate Investments
I am sure you are aware of the great real estate investment paradox- in order not to under-research investors tend to over-research before buying properties. This can be referred to as the analysis-paralysis mode. Google has made it possible for us to go to extreme distances when it comes to research. When we start physical follow-up of all that appears on Google, the job becomes herculean. Does the principle yield results?
Role Of a Valuer General
The government requires evaluation of specialists for its lands. Transparent and fair assessment of land values is being provided by the Valuer General. While the names and designations may vary based on the states and territories, the job remains more or less the same.
Is a House a Better Investment than a Unit?
The “house or the unit?” debate lingers- and how! Even as the dwelling approvals for units increase, detached houses keep being the blue eyed baby of the traditionally bent investors. If you are looking to enhance your property portfolio with either of these choices, a bit of Due Diligence and stats-study is certainly not out of order.
Gulf Between House and Unit Prices Increasing
Australia is witnessing a flurry of “detached house” supply, in the process further widening the gulf between houses and units. The situation, as it presents itself, brings about an unhealthy dimension of our real estate.
Why despite being more affordable are the units given a miss by property investors? It is not that the units are not selling but houses selling much more vigorously is a clear indicator of how the market is trending.
Safeguarding Your Property Against Lawsuits
Risk of third-party injury, tenant injury, burglary, electrocution and fire debacles can take away your peace of mind and considerably so. This is why every investor who is also a landlord should have a certain set of rental protocols to follow. While the law does not make it mandatory, you are well advised to be in the green with these, just so a later-day lawsuit does not make you pay through your nose.
