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Your Exclusive Buyers Agent – Specialising in Sydney’s Eastern Suburbs, Lower North Shore and Inner West
Futurists are busy drawing possible patterns for Sydney 2050. An article on the Sydney Morning Herald uses a lot of imagination to spur our senses. While the usual fare of “digital connectivity” and globalisation spawned “idea sharing” is being talked about, a few less-imagined points have been discussed in the article too.
There is little doubt that Australia needs more new dwellings. This is quite in the fitness of things, considering the population growth, prevailing low interest rates and the beautiful and timely lessons that we have learnt from the GFC. Larry Schlesinger for the Property Observer ‘observes’ the trend.
Tim Lawless for the investment strategy blog “Property Update” reports that housing demand has hit the highest mark in the last 3 years. This has lot to do with annual population growth hovering near 1.75% for the last quarter of 2012. Population growth has piggybacked on overseas migration and natural increase (number of deaths subtracted…
According to the International Labour Organization, 200 million people will be out of job by the year 2013 (don’t look far; we are already in ‘13’). If you were to give a separate country to the unemployed, their population will beat each country’s population count except China, India, the USA and Indonesia. Let this be…
Sydney may have some distance to travel before it beats the Manhattan skyline but it has already gone past the inner-city property prices for Manhattan. For good measure, it has also surpassed the prices prevailing in Hong Kong, London and Paris. Kirsten Craze for the website news.com.au says that even homes in the Inner West…
The further interest rate cut offered by the RBA on the 7th of May has done little to encourage borrowing activity in Australia. Michael Yardney for the Property Update reports that despite luring circumstances, the mortgage market is not as active as it was before the Global Financial Crisis.