Phil McCarroll writes an article for the website Your Investment Property where he says that the number of new homes built in the 12 months leading to June is a record in itself. The Australian Bureau of Statistics (ABS) has declared that 211,976 homes were built during this period. This Sydney construction boom marks a 16.9% increase from the year before.
Australia has seen value growth for three consecutive years now and it has happened only four times in the last six decades.
You can read the original article here.
While there are definitely a few stand-out property investment options, many properties do not quite make the cut. At best, they return poor profits when resold and at worst, you just run up losses on them. What do you think differentiates a good property from a bad one? To answer the question, “where to buy investment property?”, we should work towards finding the sweet spot of the real estate market.
Mark Mulligan has written an article for the Business Day section of the Sydney Morning Herald where he talks about the possibility of a slowdown in the Australian property market. Mulligan feels that the expected decline in our real estate by March next year may bring the economy closer to recession.
Phil MacCarroll writes an article for the website Your Investment Property wherein he talks about a decline in Sydney’s vacancy rate despite the fact that the inner city housing stocks have been boosted. City wide vacancy rate dropped by -0.2% to sit on 1.8% and this tightening of vacancy is surprising given the introduction of new housing stock.
In an article for the website Your Investment Property, Phil McCarroll discusses whether Sydney has had its fair share of apartment supply and if it can afford any more anytime soon. While some fear apartment oversupply, there are many experts who feel that we are only catching up after a long period of undersupply.
