Ken Raiss writes an educative piece for the website Property Update where he talks about nine essential points to remember when one ventures into real estate.
Tracey's Property News
One-bedroom Apartments Coming Into Prominence
Michael Yardney talks about a perspective shift in the mindset of Australian home owners in an article for the website Property Update. He says that the Australian dream of home ownership does not seek support in the suburban McMansions anymore. There has been a definite change in the paradigm and the focus today is more on location than land.
Fresh Stocks May Push Vacancy Rates Higher
In an article for the website Property Update, Louis Christopher sheds light on the increasing vacancy rate in the residential sector all across Australia. The nation registered a 2.3% vacancy rate in the month of April, which is 0.2% more than the rate posted in the month of February. Barring Hobart, where the vacancy rate has remained constant, each capital city has recorded a hike.
Mandalay Fetches $40 Million
An article on the website Your Investment Property talks about Mandalay, a Point Piper property, which has been bought for $40 million. Spread over 1900 square metres, it has been purchased by a Chinese immigrant last month. Bill Webb, the former tobacco executive, had listed the property for $40 million- $45 million. The $40 million sale trumps the $39 million paid for the Villa Del Mare mansion last year. Mandalay, originally built in the year 1954, was redesigned four decades later in the year 1994, and has a good view of Manly and the Sydney Harbour Bridge.
You can read the original article here.
Demographics and Gentrification Trends
When you invest in a property, the idea is to prefigure how enticing it will be to the tenants of the prevailing market and if it will satisfy the requirements of hordes of investors and owner-occupiers if you need to sell it over a short term. While there is no denying the trend, it may not be wise to overlook the present tendency of buyers to hold out long. The only concern they have is whether their asset will register a decent inflation-adjusted capital growth when it is finally time to sell. In this context, the word demographics will be heard of a lot more in the years to come.
Investors Seek Property Market More Than Shares
In the public perception, property investment has always trumped investment in shares. Perhaps it is a psychological thing or maybe it can be attributed to the ease with which we can relate to the real estate market. Whatever the case may be, there has been a definite inclination towards “brick and mortar”, so to speak. However, this is not to say that the share market is not proliferating and we are not growing up as share traders in our own rights. It is just that the love for property investment beats other pursuits. Let us take a look at a few reasons why this is the case.
