The houses and units in capital cities are on fire and pleasantly so. They are showing robust trends not only in terms of auction clearance rates but also in terms of time on market and discounts.
Tracey's Property News
Three Distinct Phases of a Property Cycle
While writing an article for the Property Update, Pete Wargent uses his inimitable style to shed light (in strictly layman’s terms) on the three or apparently four phases of the property cycle. He also debunks the myth of an impending burst of the property bubble.
Full Credit History Now Available to Lenders
While low interest rates offer a fair incentive to buyers to take the property plunge, their minutely scrutinised credit files may make the task difficult for them…..that is if they do not take due care to maintain their credit history.
Interest Rates to Remain Unchanged
The Australian government expected reduced cash rate to bolster the ailing construction industry and real estate. In many ways, they were proven right and in the last year we have had many reasons to be joyous in this regard. Sydney is passing through its best real estate phase in a long time and the reduced cash rate has a lot to do with it.
Narrowing Down Location of Property Purchase
Real estate rules are not the same for those investing in properties to build a portfolio and those investing in it to live. A place, most scenic and captivating, can be great for you if you want to buy a property and live in it but its scenery and blissful calm may not make it an enticing investment purchase.
Government Seeking Excuses for Lack of Infrastructure Growth
Chinese buyers bought $5 billion worth of property across Australia in 2013. This heats up speculation that rampant foreign investment has forced local investors out of the market. Even as the media keeps reiterating on this line, Vivienne Kelly resorts to data to guide us through. In an article for the website Smart Property Investment, she suggests that the total worth of property sold in 2013 was $240 billion. What percentage is the Chinese investment then?
