If you have lines of credit and if, additionally, you have a property investment portfolio, there is a common and a frequently occurring error you should not forget about in a hurry. Certainly when the error can cost a great deal to rectify!
Tracey's Property News
Real Estate Lobby May Form Political Party
In an article for the website The Adviser, Nick Bendel reports that the premier real estate body in the NSW has selected its own candidate to run for the parliament in an effort to bring about desirable changes it feels is long due. If the area “industry training” is not given enough emphasis by the government, the Who’s Who of real estate will not think twice in forming its own party.
Apartments Responsible for Rise in Dwelling Approvals
The housing industry which got a bad jolt with the dwelling approvals in the month of September saw it come all right in October; what with apartment approvals leading the charge and robustly so, reports Michael Yardney for the website Property Update.
197,630 dwelling approvals reported between October ‘13’ and October ‘14’ is 14.8% higher than the approvals made between October ‘12’ and October ‘13’. Medium and high-density approvals have largely been the reason why there is a positive swing in the approvals.
You can read the original article here.
Number of First Home Buyers Nosedive
In an article for the website The Adviser, Nick Bendel talks about the precipitous decline in the number of First Home Buyers. In fact, AFG Brokers, a reputed firm in NSW reports that only 1.9% out of the total number of mortgage applicants in NSW in the month of November were First Home Buyers.
How Will Australians Live In The Future?
Dynamically changing demographics will drive the property market and these changes will only be a part of the wholesome change the world undergoes in another 10 years from now, says Michael Yardney for the website Property Update.
Interest Rate Cuts Becoming More Likely in 2015
Westpac expects interest rate to come down in 2015. This is a bipolar change from what they had previously anticipated for 2015, reports Simon Frazer for the website abc.net.au. Experts feel that GDP is the main reason why rates can only fall from here on and that too in a very short time from now.
Westpac is not in the habit of changing its predictions but over the last half year or so, a lot of things have converged; none being more important than decline in terms of trade, weakening consumer sentiment, inflationary pressure (very benign though) and contraction in growth of states (except NSW).
You can read the original article here.
