In a piece from the website Your Investment Property, Stefanie Garber warns how homeowners who are also owners of a company can be exploited by builders and contractors.
Tracey's Property News
Expected Perils of Real Estate Investments
The myths of property bubble will keep circulating because detractors and cynics will always be deprecatory or censorious as they please. It said, there is no reason to panic and the property market may give between bullish and bearish signal to investors. This said, Nila Sweeney, in an article for Your Investment Property, cautions us to conduct risk-benefit analysis before making real estate investments.
Sydney’s Property Boom Far From Over
In an article for the website Your Investment Property, Miriam Bell says that the property boom in Australia is far from over. Sydney’s property market has shot up by 2.3% over the March quarter. The prices for detached dwellings rose by 16.6% and apartments rose by 13.7 in a year-to-date analysis.
The prices witnessed the largest hike in annual terms measured since June 2010 quarter. Melbourne is close on the heels of Sydney and has recorded a growth of 2.1% which is 2/3rd greater than Hobart’s ¼% growth.
Canberra and Perth are not responsive as yet and while the latter is giving an impression of slowing down, the former is in near tatters.
You can read the original article here.
Do you think Perth can reach a demand level of Sydney any time in future?
Real estate Indicators a Cause for Joy
Faster equity build-up and favourable house prices have ensured that Australians feel a lot richer (at least perceptively). An article for the website The Adviser states that household wealth, across the country, has grown by an average of 10% in the first quarter of the year.
Bubble Predictions Meaningless for Perth
Damian Collins, in an article for the Property Update, dissects the truth behind the rumour called the “Perth property bubble”.
Housing Data Indicates Unchanging Interest Rates
An article published in The Adviser talks about the potent mix of ‘spending cuts’ and present housing data; a combination which is sure to keep the interest rates pretty low for some time to come.
The market, argues the article, is stabilising and this augurs well for the existing climate of low interest rates. Finance commitments for dwellings have shot up by 19% compared to March last year; with owner occupiers’ share increasing by 11.8% and investors’ share shooting up by 32.1% over the same time-frame. This said, the commitments when compared with February 2014 have mellowed down a little on all fronts.
Need for established houses and new ones have both seen an upward curve since last year. To reiterate, this is good news for all of us expecting the rates to stay where they are.
You can read the original article here.
What do you make of the fluctuation in the fixed rates?
