There is little doubt that Australia needs more new dwellings. This is quite in the fitness of things, considering the population growth, prevailing low interest rates and the beautiful and timely lessons that we have learnt from the GFC. Larry Schlesinger for the Property Observer ‘observes’ the trend.
Tracey's Property News
Population Growth Has Triggered Housing Demand
Tim Lawless for the investment strategy blog “Property Update” reports that housing demand has hit the highest mark in the last 3 years. This has lot to do with annual population growth hovering near 1.75% for the last quarter of 2012.
Population growth has piggybacked on overseas migration and natural increase (number of deaths subtracted by number of births). Lawless says that it is the overseas migration which has contributed as much as 60% to population growth in recent times.
He also offers a state-wise report which suggests that Tasmania and South Australia have been backbenchers in terms of population growth while Victoria and Queensland are among the toppers.
The Federal Budget and changes in labour quota is expected to bring down the overseas migration, believes Lawless.
You can read the original article here.
Do you think that the interstate flow of migrants will increase for Sydney this year?
How To Select the Right Property for You
“At one time in the world there were woods that no one owned”. Great! But for good or for bad, we have left that time more than a 1,000 years behind. These are very interesting times that we live in and procuring one’s own property under the Sun is a coveted dream of almost everyone of us. If you are diligent enough, you can select the right property for yourself. It is largely about doing your homework right.
The Sunset Clause Should Be An Exclusive Right Of Buyers
“If winter comes can spring be far behind?”. In the same vein, a real estate bust always gives way to a property boom (part of the cycle). Buyers and sellers look for the support and resistance points, plateau and bubble prices and the beautiful real estate game goes on. Each side tries to safeguard its interest; sometimes correctly, sometimes not quite so. Take the oft debated Sunset Clause as an instance.
3 Stress Points Of Any Property Negotiation
People have been negotiating – subtly, enthusiastically or fiercely- since the first fire was lit on earth. Each property negotiation brings a few critical pressure points to the surface. It is a different matter whether you gain at those points or lose at them. Michael Yardney for the Property Update talks about 3 such stress points.
8 Tips To Boost Your Chances Of Success
We are all good people but certainly not without our grey areas. When these “grey areas” overpower us we become less productive, one way or the other. Jeff Haden for the magazine Inc. tells us about the 8 must-avoid mistakes for achieving greater productivity.
