The Sydney property market is flush with a rare kind of enthusiasm in anticipation of a bumper spring ahead. Toby Johnstone for the Domain writes that this spring season might witness the maximum number of property sales in recent memory. Low interest rates have brought in a real turnout of buyers from all hierarchies.
Tracey's Property News
Property Investors Wake Up To “High-speed Broadband” Knocks
A recently conducted survey in Brisbane highlighted a trend surfacing all across Australia; tenants give top priority to high-speed internet connections. The initiative of the National Broadband Association (NBN) resonates with exactly the same consumer sentiment. After all, the NBN has come up with a plan which aims to roll out fibre optic cables to 93% of Australian premises by the year 2021.
An estimated amount of A$37.4 billion assigned for the task implies that the government means business. So how does it affect property investors?
Mortgage Rates Lying Safe At Their Historical Average
The ever-sustainable debate continues- Are the ‘bears’ right in being circumspect or the ‘bulls’ correct in being adventurous? Both stick to their principles, the fiscal atmosphere of their times notwithstanding. For instance, both the bulls and bears have remained devout followers of their ideologies despite low mortgage interest rates. The former assume that now is the time to go hook, line and sinker and the latter believe that it is good to play safe as the market may whip up a mortgage crisis anytime.
Is “Buy and Hold” Real Estate Strategy Fail-safe?
What do you think the “buy and hold” real estate strategy could be? Well! To define, it is nothing but a method that asks you to ‘Buy’ a property below the fair market value and then ‘Hold’ it till the properties in the area appreciate- all this for making a decent profit on your investment.
Hot agents Can Heat Up Property Prices
“But you see I am trying to look beyond you; it’s just that you are “clever as a devil and twice as pretty”. Are these the lines going through your mind when you meet a hot property agent looking to fix a deal with you? An interesting (and I am not using the term ‘interesting’ loosely) article on the website news.com.au suggests that attractive looking agents sell houses faster and for higher prices.
What’s the Future Outlook for Sydney Home Values?
While the nominal value for homes may have spiked distinctively, the real value or the inflation-adjusted value of properties have not seen any appreciable growth. Cameron Kusher for the “Research Blog” writes that the scene is definitely laced with gold when you compare it to the times of GFC but home values still leave a lot to be desired. Kusher feels that there is no big change around the corner either.
