Taking cue from futuristic scientific endeavors, a real estate group in South Australia has introduced 3D technology for smart TVs. In short, this implies that the buyers can do a complete 3D home inspection of their loved properties, sitting in their homes.
Tracey's Property News
Sydney dwelling prices – expensive or unaffordable?
Houses in Sydney might be a tad expensive but they are nowhere close to being unaffordable. Over a relatively long time period, such prices only mean a stable economy. The housing affordability data can be quite suggestive, based on the December quarter Reserve Bank of Australia bulletin (pages 13 to 22).
Baby boomers push up demand for apartments
Baby boomers or those born between 1946 and 1964 are looking at their post-retirement lives today. Well! How does it connect to the property market? Truth be told, it can have a huge impact on the real estate scene and older people might just turn out to be the next big force in the property (generally) and prestige (specifically) market in Australia, says Nicola Trotman for the Property observer.
Higher FHB and investor activity indicated in the Australian property market
Buyer momentum and seller confidence is both near its peak with Australia giving various optimistic signals in the property market. The historical barometer suggests that low interest rates have always evoked maximum response from the buyers. Australian Property Monitors (APM) is already showing a 1.5% escalation in its median prices with Gold Coast reporting the highest escalation of 2.2%, says Larry Schlesinger for the Property Observer.
While repeat buyers contributed heavily towards the comeback of the property market in 2012, it was the first home buyers and investors who played a very smart hand. Once again, we are looking at this combination to provide the initial spark for 2013. Hefty yields, appreciable capital gains, and low interest rates are driving investor momentum in the right direction. After having been in the doldrums for long, the Prestige Market is responding beautifully to the perceived property boom, share market bullishness being its key driver. Read the original article here.
Monopoly sets the right parameters for property investment
We can learn a lot from the game of Monopoly, and in a neat way. Real estate investors across the spectrum can learn how properties can be leveraged just by going back to the root idea of Monopoly. If you were a smart player of this game, you must have followed techniques of creating multiple properties, forcing home shortages and so on.
Vendor discounts drop considerably
Vendor discounts have dropped considerably providing sellers with many reasons to laugh. Additionally, the property prices are on a rise, interest rates are pretty stable and Australia is looking at a very high auction clearance phase lately. Charlotte Cossar for Realestate.com.au says that this might just be the time for you to put up your house on sale.
Vendor discounting is the difference between list price and sales price. Over the last year, this discount has come down from -7.2 to -6.4
When buyers do not seek very high discounts, it augurs well for the selling climate. With higher volume of sales transactions, stable cash rates and steady median prices (relatively high), things could not look better for the property market. In fact, the auction clearance rates are giving very strong signals too. Only about a month ago, the Prestige Market had posted near record figures for Sydney. You can read the full article here.
