One of the most reliable (and reputed) property comparison websites, finder.com.au, feels that the first home buyers (FHBs) in Western Australia will set the tone of property investment for their interstate rivals. As many as 90% of Western Australia’s first home buyers have set property purchase as their New Year resolution. They are a fiercely resolved lot and their desire to buy “interstate” may make life difficult for their peers in other states.
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Christmas Is Coming – Keep An Eye On Bank Deadlines
Things are different at this time of the year. Christian countries already press the celebratory button by now and workplaces start becoming hubs of holiday gossip. However, though it might sound paradoxical, employees also start to work at a furious pace, in order to be free from work obligation when the Christmas festivities close in. Let me take you through how the finance industry behaves during this part of the year.
Why You Want To Buy In Sydney’s Inner Suburbs
Growth of a country is not the growth of its flora and fauna; it is measured by the rise in its living standards and the sustainability of its economy, among other things. Over a smaller radar, the same rules stand true when you take a look at a city or a suburb. There was a time in the past when the outer suburbs and regional areas were in great demand. In fact, tourists ventured out to grab their investment pies in the regional hotspots. Things have changed and changed a great deal.
Sydney Crosses 80% Auction Clearance 14 Times In Last 16 Weeks
For a few weeks even the die-hard loyalists of Sydney thought that the high auction clearance rates were a flash in the pan. When the rates continued to be impressive, they became a little optimistic, desperately trying to believe in what they were seeing. Today, they are a vindicated lot. For 14 of the last 16 weeks, Sydney has posted higher than 80% clearance rates and this in itself is a record.
Sydney Powers Combined Home Value Growth For Capital Cities
Sydney and Melbourne (and precisely in this order) are leading the recovery of the Australian property market. Capital city home value growth, many thanks to them, has shown a combined hike of 7.9% over the last year.
This however is not a barometer for the entire country and the super performance of Sydney alone has masked the snail-pace growth in many major areas. Canberra remains in doldrums and Perth and Brisbane are flattering to deceive most of the times. So to cut the story short, Sydney it is at the helm of the affairs.
The Pros And Cons Of Property Investment
Australian property market has got enough in its sails to carry you across the path of fortune. In fact, it might just be the best time to move into the market, not overcautious but hungry to an extent. This being said, you will serve yourself well if you know the pros and cons of property investment beforehand.
