Phil McCarroll writes an article for the website Your Investment Property where he talks about Sydney’s introduction to the global property market as a “prestige hotspot”. This can be put down to the keen interest shown by foreign buyers towards Sydney real estate.
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Sydney Property Market Is Way Ahead Of Peers
Cameron Kusher writes a piece for Property Update where he sheds light on how the Sydney property market has separated itself from any other real estate territory of the country. Across the capital cities, the median selling price for both units and detached houses have been nothing compared to Sydney.
Property Prices May Tumble Down in Sydney and Melbourne
An article on the website The Adviser talks about the fall in property prices in Sydney and Melbourne. Property value in Sydney fell by 1.5% over the course of last month and 1.4% over the last quarter. Prices in Melbourne, over the same time frame, has fallen by 3.6% and 0.4%.
Experts are putting it down to affordability and tighter lending rules. It is worth noting that not only has the owner-occupier segment suffered but the investor activity has also grossly dropped.
You can read the original article here.
Attaining Financial Freedom Through Property Investment
Michael Yardney writes a telling piece for the website Property Update where he starts by talking about the lack of financial freedom Australians have despite being among the richest countries in the world. Only about 180,000 Australians can be referred to as high net worth individuals.
Fresh Metro Announcements to Push Up Real Estate Prices
Angus Raine writes an article for the blog Real Estate View where he talks about the possible price escalation in the Lower North Shore Region, given the recent announcement of Sydney Metro’s Second Stage by the NSW government. Real estate prices may shoot up by 10%, especially in areas close to the North Sydney and Crows Nest metro.
Rental affordability in Sydney Close To Stress Threshold
Phil McCarroll writes an article for the online magazine Your Investment Property wherein he discusses the “critical condition” of rental affordability in Sydney. The Rental Affordability Index (RAI) says that the Greater Sydney area may force an average household to witness housing stress. The low income bracket may fare even worse.
