Virtual styling or property styling is the new phenomenon of the real estate market, quite a shrewd piece of thinking by the sellers really, but a little unethical if you look into it. An article on the Australian Property News describes how stylists help vendors beautify their homes with “virtual furniture” for showcasing them to prospective buyers.
Are you planning to build a new home for yourself? Well! The time is just about ripe and you would be better off getting it built quickly enough. You may think why is this need to get it done quickly? Instead of taking a long dig at the answer, let me answer it straightaway for you.
An article on the website realestate.com.au says that the Reserve Bank of Australia is considering cutting down the interest rate by a few more basis points to strengthen the low-growth areas. Dwindling Australian dollar, shaky import figures and sub-par performance of GDP is making the RBA think along these lines. Economists agree that the low rate of inflation gives the leverage to RBA to do so.
Property market moves through cycles. You may think- Hang on! We aren’t being told this for the first time. No you aren’t. I am just taking this opportunity to reiterate the degree of truth in this statement. The market moves through crests and troughs and times of trough do not change overnight into peak or boom times. The graph moves gradually.
The Australian Finance Group (AFG) has processed mortgages worth $3.6 billion in May. An article on the AFG website reveals that the May figures are a neat 13% above the $3.2 billion recorded for April. It is worth noting that mortgage sales in April had already smashed all past records and so further improvement in May is certainly a cause for delight.
Borrowings have risen across all demography. Western Australia leads the pack with an upswing of 17.7%. It is followed by Victoria, New South Wales, South Australia and Queensland. FHBs, investors and owner-occupiers are all getting into the game.
Trends worth pondering over:
You can read the original article here.
To be on the right side of law and the taxation system, you need to be diligent about planning and paying your taxes. Ken Raiss for the Property Update gives a few tax tips for the property investors.
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