An article on the online edition of The Adviser throws light on the precarious territory which Sydney real estate may move towards in the year 2016. From being a show-stealer in 2013 and 2014, it may turn into an also-ran city next year, when Sydney house prices are expected to register less than 4% growth.
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Sydney’s New Adventure with Median House Prices
In an article for the website Your Investment Property, John Hilton talks about Sydney’ s new tryst with real estate adventure- the harbour city has gone past the $900,000 mark in terms of median house values. The March quarter witnessed a 3.6% hike in median values. The increase affected not only the detached dwellings but apartment units as well, whose median house prices have shot up by 1.2% during the same period.
Glaring Mortgage Statistic Revealed
Michael Yardney writes a scathing piece on the present mortgage situation in Australia for his website Property Update. He begins with the powerful statement, ”buying a home worth $611,000 will set you back by $1 million over the life of your mortgage”. This, put in another way, means that homes today come with at least a million-dollar price tag.
Various Home Loans To Benefit From
Property prices are rising and interest rates, while unchanged in May, still hover around the very low mark. This makes the condition ideal for investors if there ever was one. Of course, the properties are skyrocketing in terms of rates but the low interest climate will help you offset the costs of purchase. The inherent idea is to look for (and this only comes with research) the best rates available.
Sydney Property Market Hasn’t Peaked Yet
In an article for the website Property Update, Kevin Turner talks about the real estate market of Sydney and advises investors not to panic in the wake of falling property prices. It has not dawned on us any recently that Christmas brings with it a lot of property adventure.
Is Your Suburb About to Witness Rise in Property Values?
Smart rental yield can help you tackle mortgage liabilities, but you will still have to depend on capital growth to ensure that you make a winning investment in real estate. Property markets, which are about to witness an upsurge in prices, have a few inherent conditions which are common to all. So how can a layman get a better grasp of whether a particular market is going to soar or plateau in the short run?
