Tracey's Property News

Property investors often get confused while choosing between a new property and an established one. There is no dearth of advisers giving reasons in favour of either of them. No matter how hard pressed I am to concede otherwise, I will always root for established properties, and I have good reasons to do so.

Property investors are not averse to the concept of currently-tenanted properties. In fact, they quite like the idea for various reasons. This said, the move can completely backfire and what you stand to gain (because you will fetch rent from the very first day) may not offset what you lose in terms of capital growth. So while choosing an investment property, do not be too swayed by the fact that it is currently-tenanted.

House hunters look for various indicators in the pursuit of making an informed decision. After all, their home or property investment is the one at stake, and it’s but normal for them to make sure those indicators will lead to something good. One smart indicator that they use is the median price. Why is median price such a good indicator?

I have been told by reliable sources that over half of the top 500 companies in Australia are based out of NSW in general and Sydney in particular. This statement is to assert that the growth of Sydney real estate is not a fluke, because apart from the fact that no fluke can hold this long, there is also a school of thought which says a place must have its merits if it is engaging the attention of powerful business houses across Australia.

Homeowners and property investors want their properties to reflect different ideas. A home owner will never set his sights on a property that interferes with his idea of a residence. For him, a home needs to be a mirror of his inclinations, penchants, and driving force of life. A property investor, on the other hand, will hardly care if a property passes his personal test. For him, how his property investment shapes up in the eyes of potential tenants is more important. Will it suit a wide range of them, including but not limited to, students, daily commuters, young couples and double income households? This will perennially remain a question on his mind.