An article on the website realestate.view exhibits downright fear over the present vacancy rates in Sydney. Never since November 2011 have we seen the vacancy rates come down to 1.4%. Such low vacancy rates squarely imply that those seeking properties may not have any kind of choice in their hands.
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Sydney Headed for Further Value Growth
In an article for the website Smart Property Investment, Vivienne Kelly asserts that despite the properties being relatively overvalued in Sydney, one can certainly experience further value growth- and instantly too!
Stamp Duty Looks Simply Out of Context
The government will take a few key decisions after it diligently analyses the tax structure prevalent in the country. The stamp duty- widely dubbed as the ‘worst form of taxation’ can come under the scrutiny, too. Andrew Jennings talks about the issue in an article for the website The Adviser.
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.
Interest Rates Not to Rise Until Late 2015
Contrary to the industry predictions that interest rates could look northward by September, the National Australia Bank (NAB) suggests that rates are not likely to move until 2015’s last quarter. John Batsick reports for an article on the website The Adviser.
Australian property market may not catalyse the upward movement of interest rates, believes NAB. The momentum will definitely come but in the last minutes of 2015 and it will be due to the repercussions emanating from the US federal reserve.
A flurry of foreign investments might also be among the pleasant impacts of the Federal Budget.
You can read the original article here.
What is your prediction on the interest rates?
