Mid-sized, medium to high density dwellings are likely to be ideal investments today. Investing in Mcmansions may not be a sound idea anymore, says George Raptis in an article for the Property Update.
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Have Mortgage Commitments? Beware Of Possible Interest Rate Hike
I can’t say I am unhappy with the prevailing interest rates. I will have to be out of my mind to crib. However, I think I know the market enough not to be overjoyed either. For long, I have been thinking about a cash rate reversal (for me, the hike might come sooner than expected). Michael Yardney, in an ever so engaging article on the Property Update, talks about a possible hike as early as 2014.
4 Rules Which High Achievers Follow To A Tee
I was going through an article on careerdare.com. Jessica Young was pointing out to me 4 rules which high achievers follow without fail. Let me quickly capture them for you.
Baby Boomers Invading The FHB Market With SMSFs
The generation closing on retirement (or retired) is making rapid inroads into the First Home Buyer Market. Their self-managed super fund is proving to be of great assistance in this regard. Yeah! I would any day lay a bet on that kind of fund getting the better of paltry resources that first home buyers have (despite the Grants). Peter Sarmas for the StreetNews reports that SMSF-aided investors have grown double-fold whereas FHB numbers have come down by half since last year.
Investors from the generation of baby boomers are a strong presence at the auctions. Buoyed by low interest rates, they are easily outbidding the first home buyers.
The value of residences in capital cities have grown by nearly 7% since the trough they hit in May 2012. This is also a trigger for the baby boomer generation which has enough money stacked up their sleeve.
You can read the full article here.
Are you investing in some equity release product (reverse mortgage and their likes)?
Essential Traits Of A Great Neighbourhood
Recently I went through an article on MSN Real Estate. I remember Melinda Fulmer writing it and it talked about what makes a great neighbourhood. It was kind of hard for me to disagree with anything that Fulmer wrote. Many factors play a role in making a great neighbourhood- cafe culture, proximity of amenities, plenty of areas thriving with community interaction and so on. Go through the piece in your leisure time, I bet it won’t disappoint you.
Urgent Need To Do Away With Stamp Duty
The government-in-coming will do well to abolish stamp duty, says the Real Estate Institute of Australia (REIA). Stamp duty, levied as a traditional property tax, is not only inefficient but also decreases productivity of the nation.
