There comes a time in the property cycle when even the most bullish markets have to mellow down and look for sustainability. To an extent, this is something we may expect of the Sydney housing market in 2015. This said, there is no shying away from the fact that it has shown phenomenal capital growth over the last year and should continue to perform way above the national average.
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Should We Be Wary of Foreign Investors?
Overseas buyers may elbow us out of the property race and we are likely to become a second-show in our own country. Has this statement got any truth in it? If it is true, it’s cause for serious concern and if it’s not, it is time the myth got busted. We better find out!
Sydney and Melbourne Register Awesome Capital Growth
An article on the website Smart Property Investment sheds light on the phenomenal performance of Sydney and Melbourne over the latest growth cycle. Tim Lawless (R.P Data) went to the extent of stating that the country is witnessing a two-tier condition with the growth being lethargic in every capital city and breathtaking in Sydney and Melbourne.
Rental yields are declining and this certainly is a cause for concern for both the mega cities. Despite tremendous opportunities for capital growth, low rental yields may make investors look elsewhere for investments.
You can read the original article here.
Sydney Turning into Millionaires’ Den
In an article for the website Smart Property Investment, Jeremy Fisher talks about the phenomenal upsurge in the prices of Sydney’s properties and says that it may frighten buyers even as it offers unprecedented opportunities to the investors.
Forecast for Inner Sydney’s Apartment Market
In an article for Your Investment Property, Miriam Bell educates us on the longevity of the boom period for the Inner Sydney apartment market. Industry analyst BIS Shrapnel says that the median price growth is expected to rally around 6% for the coming two years and this will facilitate boom for inner Sydney’s apartment market for at least the foreseeable future.
Sydney Posts Robust Auction Clearance
With three consecutive clearance rates of +80% to show, Sydney is surely expressing itself on the property hunters. An article on the website Smart Property Investment talks about the robustness in the auction market leading to this year’s spring.
Incidentally, the 83.4 registered by Sydney is its best show in last 6 months. While the preceding four-weekend period exhibited 76.2% clearance, the present one showed 81.3% clearance. The city and the east rallied phenomenally, registering 95.1% clearance. To put things in perspective, only 2 out of the 41 properties placed under the hammer failed in finding buyers.
You can read the original article here.
