There are many great ways in which the property market may get affected due to the net interstate migration being witnessed of late. Pete Wargent, in an article for the website Property Update, talks about certain demographic trends.
Tracey's Property News
US Era of Quantitative Easing Soon to Be Over
In an article for the website Property Update, Michael Yardney talks about the proposed end of US’s increased reliance on Quantitative Easing (QE). The decision is backed by US’s assertion that its economy is now on a more surefooted territory and it may not require pumping in money through unconventional financial programs.
Fixed Rate Home Loans on Ascendance
An article on the website Your Investment Property talks about how borrowers are intent on freezing their interest rates because of the low mortgage rate climate. As a result, fixed rate home loans have been on the rise and they have made up for 26.64% of total loans written in the month of October. This coincides with an eight month high.
Of course, the trend can also be put down to the fierce competition between Australian lenders. They are coming out with their best baits. As a natural conclusion, this is allowing borrowers to have some really good fixed rate bargains.
On the other end of the spectrum, variable loans are doing as well as ever, despite a near 1% drop when last counted.
You can read the original article here.
Should You Use Your SMSF To Buy Property?
Today, with Self-managed Super fund becoming the backbone of the $1.8 trillion Australian Super industry, there is no dearth of people borrowing against their SMSF to buy properties. So is it a good sign you may ask? There is not much harm in doing so unless you are going overboard….
What We Can Learn From The Block
I think a lot of things can go wrong with home renovation projects if you have “buy, renovate and sell” on mind. A lot many times, we overcapitalise on renovations and from that point on it is a downward spiral unless we meet a very generous buyer who still hands us out a decent profit. When you have renovation in mind, aim to buy the property at a reasonable price. Not many who bought at a high sticker and went through an elaborate renovation found themselves laughing all the way to the bank when it was time to sell the property.
Effective Style of Screening tenants
Property investors, in the course of becoming landlords, sometimes get scratched the wrong end. It happens when they land on a tenant whose dream is to create a nightmare for the landlord. Can this situation be avoided? YES. Ever so completely!
