In an article I read on The Advisor, I found that in 20 years to come Sydney may need 100,000 more homes than previously predicted. This vindicates my conviction that 50,000 (stipulated some time ago) was a really conservative figure.
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Population Growth To Arrest The ‘McMansion’ Syndrome
Mid-sized, medium to high density dwellings are likely to be ideal investments today. Investing in Mcmansions may not be a sound idea anymore, says George Raptis in an article for the Property Update.
Global Firms Wooing Australian Commercial Properties
Australia is turning out to be the blue-eyed baby of the commercial property market worldwide. YIP for the online magazine Your Investment Property suggests that roughly $18.5 billion is heading towards Australia via orders placed by 50 offshore firms.
Baby Boomers Invading The FHB Market With SMSFs
The generation closing on retirement (or retired) is making rapid inroads into the First Home Buyer Market. Their self-managed super fund is proving to be of great assistance in this regard. Yeah! I would any day lay a bet on that kind of fund getting the better of paltry resources that first home buyers have (despite the Grants). Peter Sarmas for the StreetNews reports that SMSF-aided investors have grown double-fold whereas FHB numbers have come down by half since last year.
Investors from the generation of baby boomers are a strong presence at the auctions. Buoyed by low interest rates, they are easily outbidding the first home buyers.
The value of residences in capital cities have grown by nearly 7% since the trough they hit in May 2012. This is also a trigger for the baby boomer generation which has enough money stacked up their sleeve.
You can read the full article here.
Are you investing in some equity release product (reverse mortgage and their likes)?
Average Houses Fetching A Million In Excess Of Reserve
From exercising overcaution to jumping lock, stock and barrel into the property market, Australian investors have really made the journey from one pole to another in quick time. It seems that the pessimism surrounding the GFC has all but melted. Buyers are getting desperate to purchase properties- fearing that they would miss the ownership/investment bus otherwise. How else can you explain an average, 3 bedroom house in Eastwood selling for over $2.3 million? An article on news.com.au talks about the insane figure and the associated buying frenzy (call it despair if you will).
Federal Elections May Catalyse A Housing Boom
I remember remarking favourably on Robert Gottliebsen’s recent article about the impending housing boom. On the Business Spectator website I found another piece from him, categorically summing up the possible impact of Federal elections (Coalition is home and dry) on the Australian housing market.
