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.
Australia’s army of 1.76 million landlords has made a cumulative claim for $38.6 billion in tax deductions for the tax year ending 2011. Larry Schlesinger for the Property Observer writes that the amount translates into a ballpark figure of $23,000 per landlord.
Society is changing and houses have become really pricey. Together, these facts have helped reverse the long-term Australian mindset of living alone. Matt Wade for The Sydney Morning Herald writes that the number of people living alone in Sydney had escalated in a big way between 2006 and 2011 but it has come down remarkably ever since. Except for the age group 55-74, the trend is ever so manifest all across Sydney.
Sydney and Melbourne both threw up very high success rates for the weekend auction clearance. While Sydney’s rate stood at 78.1%, Melbourne held itself in good stead with a figure of 71%. Jonathan Chancellor for the Property Observer writes that the Prestige Market has picked up considerable momentum when compared to the same time last year. Sydney’s auction clearance rate was rallying somewhere near the 60 % mark while Melbourne cut a sorry figure of 57% same time last year.
