Sue Williams writes an article for Domain where she talks about the latest Australian housing adventure. It revolves around using an old home located on a prime spot and then redeveloping it in line with the contemporary standards. What was once a much-pursued strategy of developers is now being followed by many investors and prospective homeowners. These days, they are either using the vacant piece of land right next to their modern property or they are buying an old home on a prime plot and giving it a contemporary facelift.
Tracey's Property News
Sydney Rental Vacancy Tight But Stable
Phil McCarroll writes a piece for the website Your Investment Property where he talks about the tightened state of Sydney’s rental market. For the month of March, the vacancy rate has remained where it was in February. The Real Estate Institute of New South Wales’ (REINSW) Vacancy Rate Survey put the rate at 1.7% for March.
Land prices in Sydney have jumped (again) by $100k
Jennifer Duke writes an article for the website Domain where she talks about the plight of first home buyers (FHBs) who are heavily pinched by increasing land prices in Sydney. In the fringes of Sydney the median land price has shot up by $100,000 over the last couple of years. This increase is hitting the FHB’s ability to save for the initial deposit very hard, writes Duke.
Chinese Property Investors Keenly Eyeing Australia
An article appearing on Yahoo Finance discusses how Chinese investment in Australia has expanded over the last year. In the year that went by, it has increased over 60% in volume to touch $15 billion. While real estate is a definite hit with Chinese investors, they are quite ready to foray into healthcare, renewable energy, mining, gas and oil and infrastructure, says the article.
Read The Property Lease Agreement Your Lessee Has Signed
I read an interesting piece on imgur.com which talks about how a lessee (tenant) tampered with a property lease agreement because it came in a Word file instead of a PDF.
Property market remains stable while confidence is dropping
Phil McCarroll writes a piece for Your Investment Property where he says that people’s confidence level in real estate has taken a plunge despite the fact that the property market remains stable and that there is no ‘real’ change in the market. The decline in confidence level can be put down to speculation on part of the buyers which is a direct result of anticipated changes in government policies and lending standards, among other things.
