A shift in lifestyle choices has contributed greatly towards the increasing popularity of units in Sydney. Presently, they have become the premier choice of dwelling hunters, surpassing the traditional craze for houses. An article on the website news.com.au talks about the shift in consumer preference and the reason behind it.
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What is really happening in the Sydney Property Market this Spring?
Various factors work together in making this spring a time to cherish for the Sydney property market. Michael Yardney for the blog Property Update opines that housing affordability, consumer optimism and low interest rates are working in sync to promote the buoyancy which this capital city is witnessing.
Sydney’s Auction Clearance Does Not Hide Truths In Its Closet
Low cash rates, made even lower by the latest RBA cut may trigger the housing market towards a bullish zone. The euphoric mood also results from the wonderful postings by the auction market. Pete Wargent for the Property Observer talks about some 90% auction clearance rate in Sydney’s inner west area.
Decline In Rental Growth For Sydney Eastern Suburbs
The rental growth bandwagon for Sydney’s Eastern Suburbs has come to a bit of a decline. However, the overall growth rate of 0.8% cannot be thought of as portentous because it does not have to do with any fundamental deficit. Jonathan Chancellor for the Property Observer explains the conundrum.
Latest Sydney Auction Clearance Report Fuels Optimism Further
Sydney housing market is turning out to be a flamboyant expression of the phrase “no holds barred”. At a time when the global property markets are either sending distress signals or showing flat growth, Sydney has developed quite an appetite for itself. Strong consumer sentiment can be clearly felt if you care to look at the auction clearance rates, reports an article on the Australia Property Monitors website.
Do not buy a property in the name of your children
Humans are an inherently generous species. Oftentimes, the thought of gifting a property to your child or buying it in his/her name may have occurred to you.
Rob Balanda for the blog Property Update advises you to resist the idea.
