In an article for the website Property Update, Tim Lawless talks about a 4.2% hike in capital gains for the capital city dwellings over the 3 months ending august.
Sydney and Melbourne have been the primary catalysts for such phenomenal growth, contributing 5% and 6.4 respectively. Over the last growth cycle, Sydney has seen a price spike in the vicinity of 27%.
Smart time-on-market rates, low interest environment and buoyant auction clearances have together contributed in making it a good time for Sydney in particular and Australia in general
You can read the original article here.
When you buy a home you need to ensure that the ownership of the legal title also passes on to you from the seller. This passage however may bring forth an endless list of legal jargons. Are you prepared for it? To make the transaction as smooth as possible, you will do well to rope in a conveyancer.
Writing a piece for the website Your Investment Property, Miriam Bell throws light on the rather dull forecast for Australia’s economy. Amongst the bleakness, property market will present a silver flash of hope.
What are the pre-settlement inspections for? Put in simplest terms, they are there to ensure that the contract of sale is respected to the last letter. There have been instances when the vendor has taken the liberty to replace a certain appliance or fitting with another one, assuming that his nefarious act would go unnoticed.
When the consumer sentiment is running high, you can be caught in furious traffic of buyers and investors. Every time there will be noises about how first home buyers are being elbowed out of the race and how owner-occupiers are looking beyond your particular micro-market and yet wherever you go, you will feel an onslaught of buyers.
You are in a rush and you throw caution to the wind and move gallantly to the centre of the road in a bid to cross it. In a few seconds you begin to feel very exposed, immensely vulnerable and you are right in feeling these emotions. Perhaps, you would not have felt the same way if many individuals would have taken the risk with you right at that moment.
