An article on The Adviser talks about the anticipated decline in fortunes of the Sydney market. Overcrowding and curtailed investor attention can result in a dip in the market growth to levels equivalent to 1/5th of the present growth level. To put it in figures, house price growth, which is running close to 17%, may come down to 3.4% in the year 2016.
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Apartment Units Finding Favour From Investors
In an article for the website Your Investment Property, Phil McCarroll asserts that the growing hiatus between the median prices for detached dwellings and apartments could see the latter becoming a more attractive option for investors. It is notable that the differential in some of the top suburbs in Australia is getting really high.
Pearls of Wisdom for Real Estate Investors
Ken Raiss writes an educative piece for the website Property Update where he talks about nine essential points to remember when one ventures into real estate.
One-bedroom Apartments Coming Into Prominence
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.
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.
Mandalay Fetches $40 Million
An article on the website Your Investment Property talks about Mandalay, a Point Piper property, which has been bought for $40 million. Spread over 1900 square metres, it has been purchased by a Chinese immigrant last month. Bill Webb, the former tobacco executive, had listed the property for $40 million- $45 million. The $40 million sale trumps the $39 million paid for the Villa Del Mare mansion last year. Mandalay, originally built in the year 1954, was redesigned four decades later in the year 1994, and has a good view of Manly and the Sydney Harbour Bridge.
You can read the original article here.
