The “house or the unit?” debate lingers- and how! Even as the dwelling approvals for units increase, detached houses keep being the blue eyed baby of the traditionally bent investors. If you are looking to enhance your property portfolio with either of these choices, a bit of Due Diligence and stats-study is certainly not out of order.
Tracey's Property News
Australians Love their Property Purchases
Australians are enticed with properties irrespective of the fact that they are not the most lucrative investment class. In an article for the website The Adviser, Miranda Brownlee informs that Australians pool in 27 % of their portfolio into real estate. This is a good 10% above their nearest counterparts.
Gulf Between House and Unit Prices Increasing
Australia is witnessing a flurry of “detached house” supply, in the process further widening the gulf between houses and units. The situation, as it presents itself, brings about an unhealthy dimension of our real estate.
Why despite being more affordable are the units given a miss by property investors? It is not that the units are not selling but houses selling much more vigorously is a clear indicator of how the market is trending.
Property Investors Need Two-pronged Research
In an article for the website Your Investment Property, Miriam Bell says how investors should conduct a two-pronged research before going ahead with a property purchase. Statistics and fundamental drivers are equally important and work well cumulatively, if thorough diligence is applied by the property investors.
Vacancy Rates Shrink Further in Sydney
An article on the website realestate.view exhibits downright fear over the present vacancy rates in Sydney. Never since November 2011 have we seen the vacancy rates come down to 1.4%. Such low vacancy rates squarely imply that those seeking properties may not have any kind of choice in their hands.
Sydney Headed for Further Value Growth
In an article for the website Smart Property Investment, Vivienne Kelly asserts that despite the properties being relatively overvalued in Sydney, one can certainly experience further value growth- and instantly too!
