Sydneysiders with an appetite for the property market may be waking up each day with the question, “are we paying above what we should for our Sydney properties?” in mind. It is a pertinent question and its answer involves a thorough analysis of what “paying above what we should” means. Time pockets come with their own financial barometers. What could be considered way over the mark 20 years ago will be thought of as meagre today. Why? Because, economies require constant inflation-adjustment to drive at any kind of comparison.
Tracey's Property News
Glaring Mortgage Statistic Revealed
Michael Yardney writes a scathing piece on the present mortgage situation in Australia for his website Property Update. He begins with the powerful statement, ”buying a home worth $611,000 will set you back by $1 million over the life of your mortgage”. This, put in another way, means that homes today come with at least a million-dollar price tag.
Various Home Loans To Benefit From
Property prices are rising and interest rates, while unchanged in May, still hover around the very low mark. This makes the condition ideal for investors if there ever was one. Of course, the properties are skyrocketing in terms of rates but the low interest climate will help you offset the costs of purchase. The inherent idea is to look for (and this only comes with research) the best rates available.
Sydney Property Market Hasn’t Peaked Yet
In an article for the website Property Update, Kevin Turner talks about the real estate market of Sydney and advises investors not to panic in the wake of falling property prices. It has not dawned on us any recently that Christmas brings with it a lot of property adventure.
Is Your Suburb About to Witness Rise in Property Values?
Smart rental yield can help you tackle mortgage liabilities, but you will still have to depend on capital growth to ensure that you make a winning investment in real estate. Property markets, which are about to witness an upsurge in prices, have a few inherent conditions which are common to all. So how can a layman get a better grasp of whether a particular market is going to soar or plateau in the short run?
Reverse Mortgage Option Delights Ageing Population
Reverse mortgage has come quite handy for Australian investors (especially the aged ones) as a technique of releasing equity in homes. When people keep paying their mortgage in time, they begin to own a part of their homes. The more mortgage payments, the higher the equity, and it is this particular facet of loan arrangement that is being used by the reverse mortgage principle to benefit investors and owner-occupiers.
