In some 70 years from now, a prospective homeowner may have to fork out $12 million to purchase a new home, writes Michael Yardney for the Property Update.
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Buying A First Home Remains A Possibility
Strong investor activity in the First Home Buyer segment means that the dices are loaded against that 28% population which is yet to own a home. Already, they are feeling ‘hammered’ auction after auction and to add to their plight, media is pronouncing the last decline of the first home buying fraternity, guided by statistics which show lowest level of FHB activity this quarter since the time records are being maintained.
Beware Of The “Demolition” Verdict On Your Old Strata Complex Unit
NSW has displayed great momentum whether you talk about the new dwelling construction figures, median housing prices or the off-the-plan projects. It also carries the present darling of the crowd, Sydney, in its cradle. All this will definitely make you interested in buying in NSW. However, if you are planning to buy an old unit lot, you will have to contend with changes in the strata by laws. Let me try and give you insight into how they may impact your buying approach.
The Great Economic Puzzle Called “Retiring Baby Boomers”
Michael Yardney, while writing a piece for the Property Update, dismisses the idea that we will have a property market bust when the Baby Boomers begin to retire. Yardney delves deep into the puzzle and while he appreciates the phenomena- which the retirement of a 5.3 million strong workforce will be- he infers at the same time that the property market will keep up with its buoyancy and there are plenty of reasons to feel so.
Translating Sydney’s Dwelling Construction Boom For Investors
In a recent article for the Property Update, Pete Wargent talks about the boom in dwelling constructions in Sydney. I ditto his opinion that the construction frenzy is a certain cause for cheer for the RBA. After all, the plan to bring down cash rates was meant to pep up dwelling constructions in the first place. If you are a buyer, ready to play the waiting game, Wargent does not mind you buying into these new dwelling units but what does he propose for the investors?
Can (And Will) Chinese Investors Eat Up All The Australian Properties?
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.
