Phil McCarroll writes a piece for the website Your Investment Property wherein he talks about the stern action that awaits real estate agents who are assisting in illegal foreign investment in properties. Responding to the report of the House of Representatives, the Federal Treasury Department has come up with 12 recommendations to regulate foreign investments wisely.
Tracey's Property News
5 Imaginative Tips To Advertise Your Rental Properties
Larry Arth writes a piece for the website How to Buy Real Estate. Here, he categorically points out the best ways to advertise your rental properties. Of course, there are certain areas, says Arth, where demand is so high that houses are picked up the moment they are listed. For all the other areas, it might help to be one up on the competition.
Sydney Suburbs Hitting $1 Million Median Price Regularly
George Raptis writes a short but educational piece for the website Property Update wherein he writes that the phenomenal capital growth rate of Sydney has catapulted the number of “median apartment price of $1 million” suburbs by a fair amount. In contrast, only one suburb outside Sydney- Melbourne’s Balwyn North- has been able to enter the $1 million bracket.
This says a great deal about the rise of the harbor city
One distinction that can be made between Sydney’s suburbs and Balwyn North is the fact that the former predominantly constitutes of townhouses while the latter chiefly constitutes of apartment units.
What can the trend be put down to?
- The Baby Boomer generation is downsizing now that they are coming into the senior-citizen stage of their lives.
- Investors are seeking to profit from high capital growth and smart rental returns (with low vacancy rates expected).
- Gentrification and demographic trends are pointing towards the rise of the prestige market.
- Younger buyers are coming into the fray in a lot more substantial way.
You can read the original article here.
Construction industry has risen from slumber
Sydney’s construction industry and real estate had hit a really tough patch a few years ago. What Sydney has achieved looks doubly brilliant because its prices have shot up from a plateau/trough area. Sydney has registered fine momentum and has also gotten a second wind after meeting with a good deal of price correction in the interval phase.
Urbanisation trend
In this context, I feel the suburbs hitting the $1 million median price for apartments is only a statistic and it had to arrive sooner or later. The urbanisation trend points strongly to the growth of apartments and it may even be that this relatively new house type snatches the ‘favourite’ tag from detached dwellings in days to come.
Sydney Registers Better Auction Clearance Rate
In an article for the website Your Investment Property, Phil McCarroll writes that the rate of national auction clearance has been coming down. In contrast, Sydney’s auction scene has been looking good. The preliminary clearance for Sydney has topped 80%; a figure it has touched for the first time in the last 5 weeks. Compared to a week prior, Sydney’s rate has jumped up by 1.7%.
In contrast, the preliminary rate has dropped in Melbourne by 2% and Brisbane by 0.9% over the last week.
You can read the original article here.
A Primer on Property Development
Many real estate investors find great thrill in turning into property developers. The starting point looks pretty simple. All that needs to be done is to buy a large plot of land and build many dwellings or apartment units on it. Once done, some of them need to be sold off while others held back for sale on a later day. Simple enough by the looks of it!
5 Features Investors Should Aim For To Attract Tenants
When rental returns stagnate, investors have to think outside the box. Fortunately, there is no dearth of ways in which they can make their properties more enticing for prospective tenants. To attract tenants, you will need to improvise, and you will earn your investment back through a mix of depreciation claims, rent hike and decreased vacancy. Let me propose 5 ways to give your home a tenant-worthy look.
