In an article for Your Investment Property, Miriam Bell educates us on the longevity of the boom period for the Inner Sydney apartment market. Industry analyst BIS Shrapnel says that the median price growth is expected to rally around 6% for the coming two years and this will facilitate boom for inner Sydney’s apartment market for at least the foreseeable future.
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Sydney Posts Robust Auction Clearance
With three consecutive clearance rates of +80% to show, Sydney is surely expressing itself on the property hunters. An article on the website Smart Property Investment talks about the robustness in the auction market leading to this year’s spring.
Incidentally, the 83.4 registered by Sydney is its best show in last 6 months. While the preceding four-weekend period exhibited 76.2% clearance, the present one showed 81.3% clearance. The city and the east rallied phenomenally, registering 95.1% clearance. To put things in perspective, only 2 out of the 41 properties placed under the hammer failed in finding buyers.
You can read the original article here.
Property A Silver Lining Amid Dull Forecast
Writing a piece for the website Your Investment Property, Miriam Bell throws light on the rather dull forecast for Australia’s economy. Amongst the bleakness, property market will present a silver flash of hope.
Since the recession of early 90s, economy will head towards its bleakest 4-year period. Poor growth of employment will stifle domestic demand even as a 3% GDP will just about salvage the situation.
High-trading Aussie dollar hinders growth in a big way, says Bell. Non-resources sectors will piggyback on correction in dollar but such a situation may unfold only about 12 to 18 months from now.
You can read the original article here.
The Dubious Angle to Fixed Rate Cuts
An article on the website The Adviser addresses the concern about borrowers being euphoric about the fixed rate cuts and warns about a mortgage debacle when the rates correct themselves.
Construction Boom in the Offing
In an article for the website Property Update, Pete Wargent throws light on the construction boom in the offing. The vision he creates is that of a “crane parked in each street corner” and it is like saying something for a country which found its developers and builders in a state of slumber for close to a decade.
Property Purchase with Help of Super
Canada is a prime example of a country that allows its borrowers to utilise up to $25,000 of their Super to pay the property upfront and then pay off the debt over a course of time. Lenders are persuading the government to make some amendments that allow the first home buyers the same succour in our country during their property purchase. An article on the website The Adviser sheds light on the issue.
