We are not closing on a bubble! No we aren’t! Any impression of the same can be put down to lack of supply which is driving domestic real estate prices crazily. It is true that barring Belgium we are the country with highest price levels when you measure prices against relative entities like rent and income.
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Are Family Homes “Losing the plot”?
Investors shy away from family homes, concentrating much rather on unit apartments or small detached homes. Their line of reasoning is simple. Large family homes curb the chances of attracting potential tenants. Those who are good enough for those homes have enough in the pocket to buy them. In an article for the website realestate.com.au, Paul Thornhill busts the myth and says that the data and stats indicate otherwise.
Sydney and Melbourne Register Awesome Capital Growth
An article on the website Smart Property Investment sheds light on the phenomenal performance of Sydney and Melbourne over the latest growth cycle. Tim Lawless (R.P Data) went to the extent of stating that the country is witnessing a two-tier condition with the growth being lethargic in every capital city and breathtaking in Sydney and Melbourne.
Rental yields are declining and this certainly is a cause for concern for both the mega cities. Despite tremendous opportunities for capital growth, low rental yields may make investors look elsewhere for investments.
You can read the original article here.
Sydney Turning into Millionaires’ Den
In an article for the website Smart Property Investment, Jeremy Fisher talks about the phenomenal upsurge in the prices of Sydney’s properties and says that it may frighten buyers even as it offers unprecedented opportunities to the investors.
Can High Auction Clearance Sustain the Property Market On its Own?
In an article for the website Property Observer, Robert Larocca sheds light on the high number of auctions held this year. In comparison to the last few years, Sydney, Tasmania and Adelaide have sold 63%, 56% and 48% more homes this year in auctions.
Strong Capital Gains Indicate Market Buoyancy
In an article for the website Property Update, Tim Lawless talks about a 4.2% hike in capital gains for the capital city dwellings over the 3 months ending august.
Sydney and Melbourne have been the primary catalysts for such phenomenal growth, contributing 5% and 6.4 respectively. Over the last growth cycle, Sydney has seen a price spike in the vicinity of 27%.
Smart time-on-market rates, low interest environment and buoyant auction clearances have together contributed in making it a good time for Sydney in particular and Australia in general
You can read the original article here.
