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.
Tracey's Property News
Why Property Prices Are Higher Than 3 Decades Ago
In an article for the website Property Update, Pete Wargent discusses 7 reasons why property prices today are nowhere near the levels they were at three decades ago. Wargent begins the article by recommending to investors to capitalise on the phenomenal population growth and cramped supply in urbanised locations.
Cash Rate Cut May Hold Till August
Many things have attracted our attention in the year 2014 (right up to 2015), and low interest rate has certainly been one of them. When the measure was first adopted, it was seen as a government gimmick to bring back the economy from the mining sector to the property sector. The gimmick worked and how! Over the course of 2014, the cash rate kept coming down and even beat the financial market pundits a number of times.
The Effect of Economy on Property Values
In an article for the website Property Observer, Jonathan Chancellor talks about Glenn Stevens’ viewpoint regarding Sydney house prices and prevailing interest rates. The property values in the harbour city have already witnessed a hike of around 33% since the year 2012.
Fear of Overinvesting In Your Backyard
Investors in the property market can sharply shift from making one great investment to an erroneous one. The reason why they are prone to error is because this is a difficult sector to master, and a dozen errors are waiting to ambush your every move. I have talked distinctly and lengthily about many such errors. Let me devote some time to this one- overinvesting in one’s own backyard.
Does Proximity to Railway Stations Increase Property Values?
Eliza Owen writes an incisive piece for the website Property Update, wherein she asks if infrastructure is the bedrock which supports property values and raises them. Sydney is all set to be flooded with railway tracks spread across its length and breath. Come 2019, light rail will run through Chatswood and Eastern Suburbs.
