In an article for Property Update, George Raptis puts forth his opinion on which would win in a toss-up between houses and units about which one is the best property to invest in. The traditional line of thinking suggests that the “value lies in the land and not the building”. This implies that houses should be favoured over apartment units.
Tracey's Property News
7 Habits of Successful Property Investors
Why do some property investors succeed and why do some fail?
Is it about getting the right investments at the right time? is it about getting the best deals possible? As a buyer’s agent, I’ve met a handful of successful property investors and I think that it’s not really about getting the best properties, but it’s about what they do that makes them so successful and what they do that makes them stand out from the rest.
Here we take a look at the 7 habits of successful property investors.
First Home Buyers Are More Confident
First home buyers are now more confident despite the booming prices of properties.
A report from Genworth’s Street Ahead states that there’s a noticeable rise in confidence for first home buyers, with 66% believing that now is a good time to invest or buy properties. First home buyer confidence rose to 101.2% in March. Despite the market’s climate, people still have a positive attitude in investing in property.
How Can Buyer’s Agents Help You?
Buying a home or property is a big investment. People will get to experience buying or selling real estate at some point in their life, and these are the biggest transactions that anyone can ever make. Buying houses or commercial spaces in Sydney need to be done properly so there won’t be any inconveniences experienced by both buyer and seller. For sellers, they usually ask help from a real estate agent or a broker to help with the transaction. For buyers, you have your buyer’s agents.
Median for Sydney House Asking Price Tops $1,060,000
In most of the capital cities of Australia, the number of residential property listings went up in March of this year, but Canberra and Melbourne experienced an unseasonal fall in the listings. On a national scale, the number of unsold listings rose to 1.8% from February 2015, or roughly 358,167 unsold properties as of March 2015.
Despite experiencing a rise from the usual year-on-year lull for the month of February, Sydney listings are still down by 8.8%. The total number of residential property listings in Sydney is now 22,123. Asking prices in Sydney rose by 2.7% again for houses and 1.7% for units. This means that the median Sydney house asking price now amounts to $1,066,000.
Consider using a Buyer’s Agent
A buyer’s agent is someone that acts as a middleman between property buyer and the real estate agent. In the market, sellers are eager to close out the deal with the highest price possible for any given property while buyers need to lock down the price at the lowest possible. If a property seller needs a selling agent (usually the real estate agent) to help them sell the property at the highest price possible, a buyer may hire a buyer’s agent that will help act as a middleman between both parties and negotiate for the lowest price possible, or at least reach a compromise between buyer and seller.
