In an article for the website Your Investment Property, Miriam Bell says how investors should conduct a two-pronged research before going ahead with a property purchase. Statistics and fundamental drivers are equally important and work well cumulatively, if thorough diligence is applied by the property investors.
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Vacancy Rates Shrink Further in Sydney
Sydney Headed for Further Value Growth
Stamp Duty Looks Simply Out of Context
68% Aussies Feel It Is a Right Time to Buy
An article on the website Your Investment Property talks about the present consumer sentiment index in Australia. While many are bullish about the signals the property market is giving, respondents in key cities of Sydney and Melbourne are much more circumspect in their response.
68% of respondents feel that now is a right time to buy. A generally positive response one supposes but nothing like the 80% recorded same time last year! The overriding fact is the change in perception- buyers thinking that most of the Australian property scene has developed into a seller’s market.
Interesting to note that 51% of respondents feel prices could rise in the next 6-8 months, a clear increase from 41% who felt so last year.
You can read the original article here.
Why do you think the number has dwindled from ‘80%’ to ‘68%’?
Sydney Has its Property Fundamentals Intact
Australian Bureau of Statistics’s (ABS) property figures have dispelled any myth associated with the property market boom. If anything, the market is going strong and its intrinsic fundamentals are completely intact (at least as yet). Miriam Bell sheds light on the trend in an article for the website Your Investment Property.