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.
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.
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.
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.
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.
The website Smart Property Investment discusses why the inner city apartments might see a phenomenal upsurge from this point onward, letting their investors cheer all the way to the banks. No mean thing one guesses!
