Diversification is a sound investment principle and there are many schools of reasoning which support the idea. Hundreds of case studies accumulated from the past will tell us how diversification in the property market helped rout out fears of decline in capital growth or fall in rental yield. But we do take time to sit back and notice the other extreme.
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Eastern Suburbs Rental Market Reaches New Highs
An article on the Property Observer emphasises on the booming rental market in the Eastern Suburbs, Sydney. It has proven so historically and now in the context of the immediate reference point (March Quarter), the Eastern Suburbs is also coming up trumps.
What Investors Need to Know About Depreciation Claims
In an article for the website Streetnews, Bradley Beer talks about the importance that depreciation claims wield and how the investors may be affected by inefficient claims. While planning investments, investors wish to make an informed decision and depreciation claims become an integral part of such decisions. A fundamental knowledge, to say but the least, is desirable and this includes dimensions like depreciation legislations as well as how and when claims can be made.
Houses or Units – The Debate Continues
In an article for Property Update, George Raptis puts forth his opinion on which would win in a toss-up between houses and units about which one is the best property to invest in. The traditional line of thinking suggests that the “value lies in the land and not the building”. This implies that houses should be favoured over apartment units.
First Home Buyers Are More Confident
First home buyers are now more confident despite the booming prices of properties.
A report from Genworth’s Street Ahead states that there’s a noticeable rise in confidence for first home buyers, with 66% believing that now is a good time to invest or buy properties. First home buyer confidence rose to 101.2% in March. Despite the market’s climate, people still have a positive attitude in investing in property.
Median for Sydney House Asking Price Tops $1,060,000
In most of the capital cities of Australia, the number of residential property listings went up in March of this year, but Canberra and Melbourne experienced an unseasonal fall in the listings. On a national scale, the number of unsold listings rose to 1.8% from February 2015, or roughly 358,167 unsold properties as of March 2015.
Despite experiencing a rise from the usual year-on-year lull for the month of February, Sydney listings are still down by 8.8%. The total number of residential property listings in Sydney is now 22,123. Asking prices in Sydney rose by 2.7% again for houses and 1.7% for units. This means that the median Sydney house asking price now amounts to $1,066,000.
