Dynamically changing demographics will drive the property market and these changes will only be a part of the wholesome change the world undergoes in another 10 years from now, says Michael Yardney for the website Property Update.
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Interest Rate Cuts Becoming More Likely in 2015
Westpac expects interest rate to come down in 2015. This is a bipolar change from what they had previously anticipated for 2015, reports Simon Frazer for the website abc.net.au. Experts feel that GDP is the main reason why rates can only fall from here on and that too in a very short time from now.
Westpac is not in the habit of changing its predictions but over the last half year or so, a lot of things have converged; none being more important than decline in terms of trade, weakening consumer sentiment, inflationary pressure (very benign though) and contraction in growth of states (except NSW).
You can read the original article here.
Dealing with Damaged Fences
Damian Collins writes a piece about damaged fences in an article for the website Property Update.
The article takes us inside what we need to know about damaged fences as property investors. What happens if owners on both sides of the fence have disagreements? Who can be held responsible for the damage? What financial shape do emergency repairs take? What if your neighbour is the guilty party? Can you involve your tenant in repairs and when is it permissible to ask him to chip in monetarily ? These are question categorically answered by Collins in the article.
You can read the original article here.
Sydney’s Auction Clearance Poor for Third Consecutive Week
If the Sydney auction clearance rate is any reflection of the property market on the whole, its third consecutive poor week suggests that the growth rate, in sync with the expert opinion, might just begin to mellow down from here.
Change in Lending Rules Not Needed For Now
In an article for the website The Adviser, Nick Bendel talks about mortgage broker heads going ballistic over the proposed introduction of the new lending rules. The Reserve bank of Australia feels that the property boom in Sydney and Melbourne warrants a change in lending rules.
Decoding Housing Trends Of Future
Pete Wargent, in his inimitable style, produces another thought-provoking piece for the website Property Update. In this article he talks about 4 housing trends which may establish themselves till 2020; few of them easy to soak in while a couple more peculiar than others.
