Phil McCarroll writes a piece for the website Your Investment Property wherein he talks about how a mansion in Vaucluse has smashed all real estate records. The six story mansion called La Mer has been sold for an unprecedented price of $70 million. A Perth mansion sold off for $57.5 million was the highest price Australia had seen for the giving away of a prestige market property. This record sale beats the Perth property by quite a distance.
News poured in suggesting that La Mer has been bought by a local.
You can read the original article here.
Peter Boehm writes a two-part article for the website Property Update wherein he talks about 10 tips to help the First Home Buyer fraternity. Though divided into parts, each part can definitely stand on its own. Let us discuss the first 5 tips that have come our way, thanks to Boehm.
Larry Arth writes an article for the website How to Buy Real Estate wherein he says that the seller’s word is not the one to be trusted when it comes to the subject of high cash flow. What the sellers smartly avoid telling you are the list of expenses which reduce the cash flow generated on a given property.
With the present government coming under the hammer due to rising property prices, Labour is using the price card as a plank to seek the people’s mandate in the next elections. For this purpose, they have made a proposal which talks about making reforms to negative gearing. David Naylor reports in an article on the website Property Update.
Louis Christopher writes a piece for Property Update where he argues over the implications of a few recent announcements on the housing market and property growth.
In an article for the website Property Update, Michael Yardney talks about the population density of Sydney. 3D maps let us into the fact that Inner Sydney is a densely populated zone. Suburbs like Chatswood, Artarmon, and St. Leonards have a flurry of residential, commercial and industrial activity going on and they also make what we can only describe as really densely populated zones.
