In an article for the website Property Observer, Robert Larocca sheds light on the high number of auctions held this year. In comparison to the last few years, Sydney, Tasmania and Adelaide have sold 63%, 56% and 48% more homes this year in auctions.
Tracey's Property News
Strong Capital Gains Indicate Market Buoyancy
In an article for the website Property Update, Tim Lawless talks about a 4.2% hike in capital gains for the capital city dwellings over the 3 months ending august.
Sydney and Melbourne have been the primary catalysts for such phenomenal growth, contributing 5% and 6.4 respectively. Over the last growth cycle, Sydney has seen a price spike in the vicinity of 27%.
Smart time-on-market rates, low interest environment and buoyant auction clearances have together contributed in making it a good time for Sydney in particular and Australia in general
You can read the original article here.
How to Add Value to Your Home Through Renovation
Investors will make a kill for any brilliant idea dawning on them that makes their properties more appealing to the buyers. After all, the mantra of investment is based on buying at a “certain price” and selling off at a “distinctly higher price”.
Forecast for Inner Sydney’s Apartment Market
In an article for Your Investment Property, Miriam Bell educates us on the longevity of the boom period for the Inner Sydney apartment market. Industry analyst BIS Shrapnel says that the median price growth is expected to rally around 6% for the coming two years and this will facilitate boom for inner Sydney’s apartment market for at least the foreseeable future.
Sydney Posts Robust Auction Clearance
With three consecutive clearance rates of +80% to show, Sydney is surely expressing itself on the property hunters. An article on the website Smart Property Investment talks about the robustness in the auction market leading to this year’s spring.
Incidentally, the 83.4 registered by Sydney is its best show in last 6 months. While the preceding four-weekend period exhibited 76.2% clearance, the present one showed 81.3% clearance. The city and the east rallied phenomenally, registering 95.1% clearance. To put things in perspective, only 2 out of the 41 properties placed under the hammer failed in finding buyers.
You can read the original article here.
How To Find A Good Conveyancer
When you buy a home you need to ensure that the ownership of the legal title also passes on to you from the seller. This passage however may bring forth an endless list of legal jargons. Are you prepared for it? To make the transaction as smooth as possible, you will do well to rope in a conveyancer.
