In an article for the website Your Investment Property, Phil McCarroll writes that there might be a tag of “Seller’s market” on Sydney but there are quite a few suburbs which still have to offer vendor discounts for ensuring that the sale goes through. Suburbs like Vaucluse and Mosmon (among others) have offered a rebate to the tune of 6% (May 2014-May 2015).
There is a growing concern that in the prestige market zone, especially above the $10 million line, prices are not touching marks they used to before the GFC.
You can read the original article here.
Nick Bendel writes a column for The Adviser wherein he informs that the median house price for Sydney has already shot past the $1.1 million mark. Over July 2014-July 2015, the median has risen by 15.9%, reaching $1.13 million. Over the same period, the median unit price has grown by 12.7%, attaining a figure of $618,000.
George Raptis writes an interesting article for the website Property Update wherein he asserts that property values double themselves in close to 9 years. This conclusion can be arrived at by assuming 8% average annual growth. Of course, all properties do not follow the average pattern and some areas can grow far above the average and some can languish at around the 2% mark, too, for decades.
The median house price in Sydney has registered a nearly 19 per cent increase, according to an article on The Adviser.
Phil McCarroll writes an article for the website Your Investment Property wherein he talks about the unconventional techniques that young buyers are using to hit the property market. The first technique they are employing is ‘rentvesting’.
