Michael Yardney talks about a perspective shift in the mindset of Australian home owners in an article for the website Property Update. He says that the Australian dream of home ownership does not seek support in the suburban McMansions anymore. There has been a definite change in the paradigm and the focus today is more on location than land.
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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Fresh Stocks May Push Vacancy Rates Higher
In an article for the website Property Update, Louis Christopher sheds light on the increasing vacancy rate in the residential sector all across Australia. The nation registered a 2.3% vacancy rate in the month of April, which is 0.2% more than the rate posted in the month of February. Barring Hobart, where the vacancy rate has remained constant, each capital city has recorded a hike.
Overseas Property Investors Fancying Sydney
An article on the Adviser talks about a survey which says that at least 50% of property investors are looking to expand their portfolio in the year 2015. Cross-regional purchases are all set to grow this year, what with a 10% hike in survey respondents preparing to invest out of their own region. Sydney is sandwiched in the fourth spot, between San Francisco and New York, in terms of global venues sought for property investment.
Sydney Property Market Growing Relentlessly
Has the Sydney market gotten a second wind or was it always going strong, popular perception notwithstanding? Every day, pundits come up with huge numbers proclaiming that the Sydney property market has become grossly overpriced and that affordability will be really tested. They are sure that the prices cannot be sustained for long and will come down. Yet an article on The Adviser says that the market is growing relentlessly and may achieve unprecedented growth in a short time from now.
The Negative Gearing Debate Never Loses Steam
An article on the website news.com.au sheds light on the government’s stance on negative gearing and discusses whether it should be scrapped or kept as it is. While the government could save a ballpark figure of $12 billion by abolishing negative gearing, they are in no mood to take the step, given the kind of repercussions the move might have. For all we know, the collective social and economic stimulus might take a beating.
How to Measure Home Affordability Best?
You are definitely on tricky terrain if you have made up your mind about comparing housing costs and home affordability. Though there are hundreds of figures and stats to guide you, it is like dealing with abstractions and it is not hard to explain why. An article on the website StreetNews has an interesting take on the subject.
