Low interest rates have ushered in a new era of property investment. Come to think of it, low interest rates and sustainable inflation is turning out into a global trend. For Australia, it might open the door to some well-leveraged property transactions, high nominal prices and further foreign investment, writes Pete Wargent for the blog Property Update.
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Waterfront Properties May Lose Their Value
Water is among the most generous elements of nature but the statement does not hold ‘water’ for the real estate portfolios. Terry Ryder for the ‘Property Observer’ notices that waterfront properties are no longer as desirable as they used to be. In fact, they may turn out to be a serious liability.
Australia faces chronic housing shortage
An ‘ABC News’ video uncovers a few dirty linens kept in the closet of local and state governments. Australia is suffering from a chronic housing shortage according to the video. Each year an average of about 200,000 new homes are needed, yet only about 150,000 are being built.
Sydney Housing Market – July 2013
Tim Lawless provides us an immaculate housing market update through an RPData video. Australian capital cities are performing commendably and none better than Sydney. Yes, signals are not strong for areas like Brisbane, Hobart and Darwin but the euphoric mood is well and truly sustained by cities like Sydney and Melbourne.
Our Rising Population and Its Impact on the Sydney Property Market
The Australian population is on a merry ride; what with a growth of 1.8% last year. We have added roughly 0.4 million people to the kitty of Australian citizens in 2012. All good but this brings forth a few pertinent questions. Is the housing sector good enough to keep abreast with the rising population? This is just one of the many questions that spring up.
Australian Properties Unaffordable. Is It Really So?
Housing demand has made homes expensive to some of us. There is a fast building public perception that houses in a few areas are close to being unaffordable. However, this line of thinking does not hold too much merit. In fact, Australia rates pretty favourably when you compare its property prices to the housing costs in a few developing countries. Statistically, Australia is close to being 6 times cheaper than Mumbai (India); world’s costliest place for buying property, writes Michael Yardney for the blog Property Update.