In an article for the website Your Investment Property, Phil McCarroll writes that the property prices in Sydney are growing resiliently. It is not time yet to entertain thoughts of a ‘bubble’ though. Sydney’s Residential Property Price Index (RPPI) has risen by 3.1% in the March quarter and 13% over the last year. Detached dwellings rose by 3.8% and apartment units rose by 2.2% over the quarter discussed.
You can read the original article here.
Phil McCarroll writes a piece for the website Your Investment Property wherein he states that the median house price in Sydney could go past the $1 million mark despite a mellowing down of the capital growth figure.
An average household had to part with half of its monthly income in the year 1989 (that is, 25 years ago) to pay up a standard mortgage repayment. Today, they can make do with one-third of their average monthly household income. So, unlike what many assume, property is cheaper today than it was a decade ago. Michael Yardney talks about the issue in an article on Property Update.
Michael Yardney writes a piece for Property Update wherein he discusses what makes a property a profitable venture as a development site. Before everything else, the requirements and protocols of the local council have to be understood. Once you are through with them, you can go about measuring the development potential of a site and it can be done this way:
In an article for the website Property Update, Kevin Turner examines why Sydney property prices are not likely to fall. It is the third year that we are witnessing a formidable price growth. Already, in the year 2015, prices have risen by 7%, and let us remember, we are only midway yet. November 2014 brought us close to an alarm. Warnings of price correction were in the air but the government shot back with successive rate cuts and the property market came back into its own.
The decision to buy a home is among the biggest one you’ll make in life. When you buy a home without conducting due diligence, you open yourself up to lots of latter-day regrets. The location is crucial. Great properties in the wrong area become average properties. You may ask what defines a perfect locality. For me, any locality can pass the “perfect locality” test if it has the following characteristics:
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