A buoyant stock market and purposeful government spending will ensure that the Prestige market does well from here. The signs are already robust and Sydney and Melbourne have come up with near-peak level Auction clearance rates over the last few months.
Tracey's Property News
Federal budget does not announce any changes in Negative Gearing
The coalition is not looking to make any changes to Negative Gearing declared Alex Hawke, a Liberal Backbencher, while being questioned on the coalition’s earlier promise of scrapping it altogether. An article on Realestate.com clarified that the government claims any circulated newspaper reports to be completely baseless. The Federal Treasury dittoed the statement.
What the Federal budget means for the property market
The Federal Budget 2013 has been released and despite a few helpful hints, there may not be much to cheer about for the property market.
Now is the best time to invest in property
Maneuvers of the market forces have produced what may be termed as the best time to invest in property. Experts feel that only the boom times prior to the meltdown was as conducive for investment in real estate. An article on the Real Estate Business suggests that the present environment is aiding investors and brokers alike.
There have been rate cuts throughout 2012 and four of them amounting to 125 basis points each have brought down cash rates to 3 percent. This then naturally becomes a very lucrative time for buying homes. Just add the high rental yield factor and you have a feast out there, suggests the article.
Housing prices are gathering momentum and to top it all, people are also looking to partake from their Self Managed Superannuation funds for property investments. Overall a perfect backdrop for euphoric times ahead! You can read the full article here.
Do you think that the proposed Superannuation reforms will be crucial to property investment? I invite your opinions.
Median house prices spike across Australia
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.
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.
