Louis Christopher for the website streetnews.com.au writes a poignant piece on what he believes to be a clear case of misplaced fear. He feels that our stance towards Chinese investors is nothing but xenophobia. Our assumption that they will eat up all the properties, leaving nothing for us, is quite a laughable proposition.
Tracey's Property News
Sydneysiders and Melburnians Have Different House-hunting Priorities
Michael Yardney produces yet another interesting article for the Property update where he devotes a few lines to build up the rivalry between Sydneysiders and Melburnians. Quite true actually; Sydney will contest with Melbourne over the taste of coffee, weather, sports venues and what not. Let me however come to the central point the article speaks on- priorities of the buyers in two capital cities while hunting for houses.
Simplifying Taxes Relevant To Property Investors
I wrote an article recently wherein I summed up how fee and taxes (please include Stamp Duty too) are among the prime buying concerns today. Well! I assume this article then will have its fair share of readers. While you can always claim a few tax benefits as a real estate investor, you should be ready to pay a few taxes just as well (I guess more than a few).
What You Need To Know About Responsibilities Of A Landlord
The role of the landlord begins once your owner-occupier or investment property goes in the hand of tenants and ends when – Well! It never really ends. As a landlord you are expected to comply with guidelines provided by the State, not to mention the need to strictly adhere to various laws.
Houses And Units Engage In A Keen Tussle
There is something really nice going for the unit apartments but for the moment they will have to contend with the fact that detached houses have outperformed them. Data furnished by the Property Pulse (RP Data) exhibits that detached houses have grown in value by 8.2% in comparison to units’ value growth of 5.9% (over 12 months to October 2013). An article on the website Real Estate Business observes the occurrences.
Detached houses have a big asset on their side- the value of underlying land, something which is clearly not the case with units. This being said, five-year figures in recent past have shown a keen tussle between the two types of dwellings.
In fact, the statistics pertaining to growth in values for November 2008-November 2013 suggests that units (4.0% p.a) had outstripped detached houses (3.7% p.a) by 0.3%. Having said this, it merits a mention that detached houses had outperformed units in both the previous five year phases; 1998-2003 and 2003-2008.
In coming times, units may become more prominent, especially as affordability becomes a big question mark for detached houses and CBD-centric urban living becomes more desirable.
You can read the original article here.
Do you think changes to the strata by laws may affect older units?
Sydney Market Peaks: Value Growth Slumps In November
Prolifically growing property markets of Sydney and Melbourne have steadied in the month of November. Experts think it is nothing unusual and these high-performing capital cities may just have peaked. An article on the website Real Estate Business observes the trend.
Compared to the annual value growth rate of 12.5%, Sydney has recorded 0.9% growth in November. This however does not imply that the “cynosure” city will not witness further growth. It is just that we may not find those really big numbers for Sydney for some time, now that it has apparently peaked.
You can read the original article here.
