Consider Michael Yardney an optimist when it comes to predicting about the property market in the year 2014. In an article for the Property Update, Yardney takes us through the welcome hike in dwelling approvals.
The private sector has recorded an 18% increase in approvals and it just goes to prove that the government’s move to infuse life into the construction industry through reduced cash rate seems to be working.
New home sales have shot up by 7.5% during November 2013. This includes a rise of nearly 30% for multi-units and 3.6% for detached houses. September-November exhibits a hike in new home sales for all 5 surveyed states.
You can read the original article here.
How do you see first home buyers performing in Q1 of 2014?
In an article for the Property Update, Michael Yardney, one of the top property strategists in Australia today, talks about the major financial traps for property market investors. Along with James Hooper (Accountant), Greville Pabst (Valuer), and Carolyn Majda (Insurer), Yardney chalks out a list of such traps at the behest of friend Karina Barrymore (financial journalist and the author of “The Power of Property”).
Continued environment of low interest rates has provided expected succour to the construction industry. For the December 2013 quarter, house and unit constructions have witnessed a degree of hike, unprecedented in the last 8 years. An article on the website Smart Property Investment observes the trend.
Pete Wargent was more ebullient than many of his peers on Sydney’s property market scene and boy! Was he proved right?
Barring NSW, which has witnessed a drop of 0.58%, each state has recorded a hike in the percentage of fixed-rate home loans written (comparing December against November). For the month of December, Fixed-rate loans contributed 33.06% of total home loans written and this figure is highest since March 2008. An article on the website The Adviser throws light on the subject.
