The property market has seen more than its fair share of detractors. From being called a dead investment class in the early 90s to being declared an overheated market that cannot sustain- there has been a continuous wave of criticism. The good thing is that it has challenged and in fact, ridden the wave beautifully.
Tracey's Property News
Is it a Time to Buy or Sell Properties?
John McGrath writes a well-crafted article for Switzer Daily wherein he dissects the movement of the real estate economy and throws light on how the market will trend in the year 2015. There are two categories of homeowners at the moment. The first kind is imagining a plateau ahead and is ready to sell its stocks. The second kind thinks that there may still be some time left before the slide and are hesitating to list just as yet.
Novel auction in NSW on the Cards
In an article for the website Your Investment Property, Miriam Bell talks about a novel auction that is about to be held on 14th February. The auction will be one of its kind as it will set a $1 reserve price. Neil Tyagi, owner of the Blacktown House in question feels that auctions could also be made interesting and it was only important to depart from textbooks.
Residential construction in NSW Highest in Last 7 Years
An article on Your Investment Property says the number of residential buildings constructed in NSW in 2015 will be higher than any time in the last 7 years. An 11% hike in residential construction is being anticipated in 2015. The construction work will be spread uniformly over detached housing and apartments. Renovation work is also expected to grow over the year.
Over the three months running up to November 2014, 1.054 million people were directly or indirectly employed by the construction sector.
You can read the original article here.
A Look At the Sydney Property Market in 2015
Louis Christopher takes a look at the Sydney Property market in an article for the website Property Update. Vacancy rates have risen over summer across the national capital cities and the trend is more pronounced in Darwin but things are still going good for Sydney.
The Sydney market, says Christopher, cannot keep growing at 15% till eternity. If there is a rate cut happening, Sydney will best absorb it amongst its competitors and prices may turn the bullish way. We are looking at an 8%-12% growth in ‘15’.
You can read the original article here.
Are Australian Household Debt Figures Too High?
In an article for the Property Update, Michael Yardney starts with talking about the opinion of commentators who feel that the Australian households are amassing a great deal of debt on their heads. This is also one of the reasons why they feel the property market might crash. Be that as it may, Yardney believes that the debt amassed is largely because the household incomes have improved a great deal, interest rates are incredibly low and people have been able to procure assets.
