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.
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”.
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.
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.
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.
Writing a piece for the website Your Investment Property, Miriam Bell throws light on the rather dull forecast for Australia’s economy. Amongst the bleakness, property market will present a silver flash of hope.
