Phil McCarroll writes a piece for Your Investment Property wherein he talks about a boom in the fortunes of residential properties and how they are ready to compete with office stock in Sydney. Some 1,80,000 square metres of office stock is due to be removed in the next few years and the space thus created will be used for residential purposes.
All Commentaries
These are all commentaries on articles and videos on the web that are interesting, relevant or simply entertaining to people interested in Sydney Real Estate.
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ATO Comes Down Hard on Point Piper Property Sale
An article on Your Investment Property talks about Altona, a Point Piper property which has been sold illegally. Phil McCarroll reports the trend.
Vacancy Rate on the Rise
In an article for the website Property Update, Shannon Davis sheds light on the increasing vacancy rate. The property rates are rising and so should the rents. So why aren’t they? This, writes Davis, is because the hike in property rates enhances the ambitions of investors
so capital growth definitely makes for an upward curve. The same cannot be said about the rental yield.
Is the Sydney Growth Rate Going to Decline?
An article on The Adviser talks about the anticipated decline in fortunes of the Sydney market. Overcrowding and curtailed investor attention can result in a dip in the market growth to levels equivalent to 1/5th of the present growth level. To put it in figures, house price growth, which is running close to 17%, may come down to 3.4% in the year 2016.
Apartment Units Finding Favour From Investors
In an article for the website Your Investment Property, Phil McCarroll asserts that the growing hiatus between the median prices for detached dwellings and apartments could see the latter becoming a more attractive option for investors. It is notable that the differential in some of the top suburbs in Australia is getting really high.
Pearls of Wisdom for Real Estate Investors
Ken Raiss writes an educative piece for the website Property Update where he talks about nine essential points to remember when one ventures into real estate.