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Summary
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Sydney Market Peaks: Value Growth Slumps In November
Prolifically growing property markets of Sydney and Melbourne have steadied in the month of November. Experts think it is nothing unusual and these high-performing capital cities may just have peaked. An article on the website Real Estate Business observes the trend. Compared to the annual value growth rate of 12.5%, Sydney has recorded 0.9% growth…
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Cash Rate Hike May Succeed Spurt In Fixed Rates
Venessa Paech, in an article for the website realestate.com.au, observes how fixed rates have picked up over the last couple of months. More than 50% of four year and five year fixed rate loans have witnessed a hike. Nearly one-third of three year fixed rate loans have also seen an upward adjustment. Interestingly, one year…
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NSW Boosts New Dwelling Construction Figures
New dwelling constructions have got a shot in their arm, thanks largely to NSW and WA. At a time when chronic housing shortage is a topic for heated debates, an 11% hike in dwelling constructions nationwide is surely a cause for celebration. Venessa Paech for the website realestate.com.au observes the trend. We will however do…
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Revert Rate Is Crucial For Fixed Rate Home Loans
Finder.com.au warns borrowers who have sought fixed rate home loans. In an article for the Property Update, Michael Yardney (guided by the findings) cautions how the low fixed rates can entice you towards them only to fleece you with the very high revert rate once the fixed rate period ends. Loans may revert to as…
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Property Holdings Have Triggered Australians’ wealth
An article on the website Smart property Investment confirms that Australians have the highest median wealth in the world (A Credit Suisse report). This is due to the property holdings of Australian investors. Barring Norway, Australia is at the top in terms of percentage of people investing in real estate. The median wealth of Australian…
Tagged: financial freedom -
Sydney High On Momentum, Reveals ANZ Bank Data
Sydney has registered smart figures for more than one niche of property market performance. Michael Yardney for the Property Update reveals that it has topped the chart for maximum rise in trend home prices yet again. Its figures of 12.2% rise (year/year) is decidedly higher than that of Melbourne (8.2%), its closest competitor (courtesy ANZ…
Tagged: sydney property market
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