I am quite happy with the recent surge in first home buyer (FHB) involvement in the Australian property market. They have laid low for a long time now but in the last three months or so, there has been a 50% increase in their flock. Petra Sprekos for the Real Estate View observes the trend.
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What’s Happening to Sydney Home Prices?
Pete Wargent finds RP Data’s Daily Home Value Index ‘entertaining as always” and he believes that the capital cities are showing really promising signs, just the information that RP Data yields. In an article for the Street News, he talks about the Sydney property market in high regard.
Sydney auction clearance rates continue to impress
Sydney’s auction clearance rates continue to impress. The capital city has posted a figure of 86.1% for the third weekend of September. Especially impressive is the figure for the Sydney Inner West- a mammoth 95% clearance rate, reports an article on Your Investment Property.
The western suburbs are doing almost as well though the auction numbers aren’t that high there. Also, 91% clearance rate for the Upper North Shore was a tad higher than 84% recorded by Canterbury and Southern Sydney. For records, Northwest has clocked a tidy figure of 81% too.
You can read the original article here.
How close to 100% do you think Sydney’s clearance rates can reach, knowing that there is nothing called a 100% clearance rate?
7 Questions You Must Ask When Buying Investment Property
So you are looking for your next investment property, one that will strengthen your portfolio. I care for my portfolio and I bet you are no different. The idea is to make a fool-proof purchase, one that holds you in good stead in the long run. Part of your Due Diligence lies in asking the right questions to the right people. I recommend these 7 must-ask question before you venture knee-deep into buying investment property.
8 Steps Towards Successful Renovation
Cherie Barber, Director of Renovating for Profit talks about renovation in a scientific light. In an article for the Property Observer, Jennifer Duke illustrates the 8-point approach of Barber.
Rise In Population May Outsmart Sydney’s Housing Predictions
In an article I read on The Advisor, I found that in 20 years to come Sydney may need 100,000 more homes than previously predicted. This vindicates my conviction that 50,000 (stipulated some time ago) was a really conservative figure.
