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.
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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”.
Hows to Ensure Substantial Capital Growth?
If terms such as rental rates, rental returns, and rental yields populate the top of your mind you aren’t a capital growth-centric investor. However, let me believe you are and that you want to use capital growth to create equity for easing out the purchase of new properties (of your portfolio).
A Cheap Purchase Is Not Always a Bargain Buy
The really cheap properties are not necessarily bargain properties. A bargain buy (while there is no strict definition) is one that you purchase a lot below-market rate for the purpose of living or reselling. However, unless you can derive some real profit from the purchase, it won’t be called a bargain purchase and may remain only a “cheaply bought” property.
