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:

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.

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.

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.