An exuberant economy has triggered enough buyer confidence to push median house prices close to peak levels. For the record, the median prices are trading one percent short of the peak point. Barring a few cities, the trend is visible around Australia’s spectrum. For the March Quarter, National Median house prices have risen by 1.7% from $542,463 to $551,685. The price rise is attributable to various factors.
Tracey's Property News
A few golden tips for making good investments
Investment may fall within the broad category of commerce but it is every bit an art. A Motley Fool staff writing for The Motley Fool has put together a rich assortment of ideas on the art of investment – altogether 8 tips for making good investments. There are gems of thoughts to choose from.
More Success in Selling Property in Winter
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.
Abolishing negative gearing would be bad news for the property market
The Australian government has declared a fiscal deficit of $12 billion but the situation does not warrant the abolition of Negative Gearing. Stacey Moseley for the Real Estate Business writes that the proposition to abolish Negative Gearing in order to redeem the Federal Budget could have some serious consequences for the property market.
The Best Way to Insure Your Property Investment Portfolio
The property market has so much to offer, but you have to be prudent in your understanding of the market-scene. The real estate world moves through a series of crests and troughs and hence it is in your best interest to diversify your property investment portfolio. Mark Armstrong for the Property Observer writes that you can do it in two ways.
The best and the worst property investment advice
Property investment is not easy. If someone claims it is easy, he is lying through his teeth and it might just be the worst property investment advice that he has to offer, says Michael Yardney for the Property Update.
