Sydney prices are up by 4% in last 6 weeks, observes RP Data. Pete Wargent for the Property Observer is not surprised, despite rumours of falling housing market in the wake of interest rate slash in May.
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Sydneysiders Getting Attracted To Inner City Living
There is an undeniable movement towards inner city living and cafe lifestyle. The trend that had picked up in all major international cities quite a while ago has come to Sydney a trifle late. The trend, nevertheless, is there to stay, writes Carlie Ziri for the Property Observer.
What If The Australian Property Bubble Is Made Of Rock?
In an ideal world there will be no cynics. There won’t be people sitting on the fences and announcing the height of the next tide. In an ideal world, whenever that kind of a world chooses to appear, we will all be men of action. We will give due relevance to thoughts but won’t at least be carried away by cynical or baseless assertions of a few. For instance, we won’t be eager listeners to the chant of “Australian property is in a bubble” because if we care to find out, this is far from the truth.
Foreign Investors Seeking Australia All Out For Property Investments
Low interest rates have ushered in a new era of property investment. Come to think of it, low interest rates and sustainable inflation is turning out into a global trend. For Australia, it might open the door to some well-leveraged property transactions, high nominal prices and further foreign investment, writes Pete Wargent for the blog Property Update.
Waterfront Properties May Lose Their Value
Water is among the most generous elements of nature but the statement does not hold ‘water’ for the real estate portfolios. Terry Ryder for the ‘Property Observer’ notices that waterfront properties are no longer as desirable as they used to be. In fact, they may turn out to be a serious liability.
Australia faces chronic housing shortage
An ‘ABC News’ video uncovers a few dirty linens kept in the closet of local and state governments. Australia is suffering from a chronic housing shortage according to the video. Each year an average of about 200,000 new homes are needed, yet only about 150,000 are being built.
