The Federal Budget 2013 has been released and despite a few helpful hints, there may not be much to cheer about for the property market.
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Now is the best time to invest in property
Maneuvers of the market forces have produced what may be termed as the best time to invest in property. Experts feel that only the boom times prior to the meltdown was as conducive for investment in real estate. An article on the Real Estate Business suggests that the present environment is aiding investors and brokers alike.
There have been rate cuts throughout 2012 and four of them amounting to 125 basis points each have brought down cash rates to 3 percent. This then naturally becomes a very lucrative time for buying homes. Just add the high rental yield factor and you have a feast out there, suggests the article.
Housing prices are gathering momentum and to top it all, people are also looking to partake from their Self Managed Superannuation funds for property investments. Overall a perfect backdrop for euphoric times ahead! You can read the full article here.
Do you think that the proposed Superannuation reforms will be crucial to property investment? I invite your opinions.
Median house prices spike across Australia
An exuberant economy has triggered enough buyer confidence to push median house prices close to peak levels. For the record, the median prices are trading one percent short of the peak point. Barring a few cities, the trend is visible around Australia’s spectrum. For the March Quarter, National Median house prices have risen by 1.7% from $542,463 to $551,685. The price rise is attributable to various factors.
A few golden tips for making good investments
Investment may fall within the broad category of commerce but it is every bit an art. A Motley Fool staff writing for The Motley Fool has put together a rich assortment of ideas on the art of investment – altogether 8 tips for making good investments. There are gems of thoughts to choose from.
More Success in Selling Property in Winter
Selling property in winter is more successful according to Larry Schlesinger from Property Observer. In his recent article, Schlesinger points out that while many vendors wait until spring to start selling property, there are those who take advantage of less competition in the cold months and have more success.
These vendors say that they get almost the same amount of money if they sell in spring.
They believe that property owners should sell when it’s convenient and do not have to wait for a specific season. Why wait when you can sell now?
Read the full article here.
Abolishing negative gearing would be bad news for the property market
The Australian government has declared a fiscal deficit of $12 billion but the situation does not warrant the abolition of Negative Gearing. Stacey Moseley for the Real Estate Business writes that the proposition to abolish Negative Gearing in order to redeem the Federal Budget could have some serious consequences for the property market.
