Phil McCarroll writes a piece for the website Your Investment Property where he talks about the wishlist of prospective tenants. He believes that there is a definite departure from the past in terms of what tenants are looking for in a house.
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Spotting Major Threats That Lie Ahead For The Australian Housing Market
Over the last few years, Australia’s economic growth hasn’t been anything that’s worth talking about. Australian housing market, however, has made many investors very happy. A year to end-Quarter 3 2015 analysis reveals that house prices shot up by 11.4% across the eight chief capital cities of Australia. This ‘nominal’ rise can be seen as a 9.72% ‘real’ or inflation-adjusted rise.
This year to year increase, says the Australian Bureau of Statistics, (ABS) is the highest recorded since the second quarter of 2010. All, however, may not be good with Sydney real estate in particular and the Australian housing market in general. Let us dissect the residential property market and also find out that one major threat which may especially push Sydney further down a number of steps.
How To Master Buying A Home In 11 Simple Steps
Moving into a new home is, without a doubt, one of the proudest and happiest moments in a person’s life. Moving in, however, is hardly the first day in the calendar of the home acquisition process. For this day to come, many things have to fall in place first. Buying a home can be a rewarding adventure but the process, in itself, is one which you have to be very diligent about. Each step of the way, there can be hidden traps waiting to give you a sucker punch.
A fraudulent title deed, a strange encroachment, a structural deficit, an overtaxing mortgage structure or a ‘bad’ property could be some of those traps you wanted to avoid. If you can take up the challenge step by step, there is a great chance you will reach the other end of the property purchase process successfully. Let us look into 11 steps of buying a house and also find out that one particular aspect which can become most burdensome for buyers.
Buying a Home: There Are More Traps Than You Are Willing To Believe
Buying a home is one of our top dreams in life, but there are lots of sacrifices that go into the process. You do not become a homeowner unless you put in the hard work. While it can be an emotionally rewarding and a monetarily lucrative journey, there are traps in the way that you have to be beware of. Let us read in detail about how these pitfalls can set you back and how one in particular can destroy all the effort you have put in.
Sydney Homeowners Sitting on “Golden Lands”
Nick Bendel writes an article for the Adviser where he says that the value of land has spiked phenomenally all across Sydney. The Harbour City has witnessed an increase of 19.6% in land value, taking the overall value to $1.34 trillion by the end of financial year 2014-15. That means the average Sydney homeowners are practically sitting on “golden lands”, so to speak.
Rental Growth Falls in 2015
An article on Your Investment Property says that 2015 was a year marked by falling rental growth. In Australia, the residential rents have spiked by only 0.3% over the course of 2015 and this is the slowest the rental rate has moved in a long time.
