In an article for the website Your Investment Property, Miriam Bell talks about a novel auction that is about to be held on 14th February. The auction will be one of its kind as it will set a $1 reserve price. Neil Tyagi, owner of the Blacktown House in question feels that auctions could also be made interesting and it was only important to depart from textbooks.
Archives
Residential construction in NSW Highest in Last 7 Years
An article on Your Investment Property says the number of residential buildings constructed in NSW in 2015 will be higher than any time in the last 7 years. An 11% hike in residential construction is being anticipated in 2015. The construction work will be spread uniformly over detached housing and apartments. Renovation work is also expected to grow over the year.
Over the three months running up to November 2014, 1.054 million people were directly or indirectly employed by the construction sector.
You can read the original article here.
A Look At the Sydney Property Market in 2015
Louis Christopher takes a look at the Sydney Property market in an article for the website Property Update. Vacancy rates have risen over summer across the national capital cities and the trend is more pronounced in Darwin but things are still going good for Sydney.
The Sydney market, says Christopher, cannot keep growing at 15% till eternity. If there is a rate cut happening, Sydney will best absorb it amongst its competitors and prices may turn the bullish way. We are looking at an 8%-12% growth in ‘15’.
You can read the original article here.
Are Australian Household Debt Figures Too High?
In an article for the Property Update, Michael Yardney starts with talking about the opinion of commentators who feel that the Australian households are amassing a great deal of debt on their heads. This is also one of the reasons why they feel the property market might crash. Be that as it may, Yardney believes that the debt amassed is largely because the household incomes have improved a great deal, interest rates are incredibly low and people have been able to procure assets.
Free Trade Agreement to Boost Chinese Real Estate Investment
An article on The Adviser talks about Australia entering into a Free Trade agreement with China and this, if anything should further boost entry of the Asian giant into the Australian real estate. Australia gives an impression of regulatory transparency, stable economy and less red tape; together this makes for a perfect recipe and substantiates why many look to invest here.
In-demand sites may see prices rising further due to competition between Chinese investors and the local ones. There is no denying that the Australian dollar is helping the Asian cause.
You can read the original article here.
Shy Away from Apartments with Foreign Investors
In an article for the website Property update, Michael Yardney talks about the risk of investing in apartment properties that have a fair percentage of overseas owners. In fact, Yardney recommends owner-occupiers against buying in apartments that are dominated by investors.
