In Australia, statistics show that more women own homes compared to men. Diane Leow of PropertyObserver.com writes that this is mostly because potential buyers are actually drawn into buying with the way the properties are being marketed and that is by displaying kitchens as nicely as they could.
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Population growth should bode well for the Australian housing market
Australian population is growing at a good rate and it augurs really well for real estate. Macroeconomics suggests that population growth is always a key indicator for the property market. For an year upto September 2012, the population spurted by 1.71%, says Michael Yardney for the Property Update. This is much higher than the 30 year average of 1.4%.
Addressing infrastructure issues is key to Sydney’s future development
The key to Sydney’s future development lies in dealing with infrastructure issues
Sydney has to achieve growth and expansion for the sake of future generations writes Martin Bregezzo in a new article for the Property Observer. There have been several promises as how easy and affordable it is to build half a million new homes. But the reality is very different. The current average of 17,290 dwellings being constructed annually over the past 5 years is nowhere enough when the actual figures should be somewhere near 25,000 dwellings per year.
Government and Public departments must put in accumulative efforts in building the foundations of proper infrastructures to enable Sydney’s future growth.
- Making approval processes move faster.
- Bringing a common point in order to handle local affordability for various sections of the market.
- Reducing LGAs.
- Complete removal of developer and transaction tariffs.
- High density clustered around transport nodes is an integral element of successful urban development.
- In order to achieve human right to shelter for the future generations, re-evaluation of community participation in providing approvals is important.
- Government role must be strengthened and corrected in view of the current land acquisition process.
Planning in the interest of the people is the only option in Sydney’s future development. The infrastructure must be available for the people and communities (including those living in marginal borders of Sydney) and it needs to be planned for and addressed now.
Read the full article here.
Sydney dwelling prices – expensive or unaffordable?
Houses in Sydney might be a tad expensive but they are nowhere close to being unaffordable. Over a relatively long time period, such prices only mean a stable economy. The housing affordability data can be quite suggestive, based on the December quarter Reserve Bank of Australia bulletin (pages 13 to 22).
Baby boomers push up demand for apartments
Baby boomers or those born between 1946 and 1964 are looking at their post-retirement lives today. Well! How does it connect to the property market? Truth be told, it can have a huge impact on the real estate scene and older people might just turn out to be the next big force in the property (generally) and prestige (specifically) market in Australia, says Nicola Trotman for the Property observer.
Middle-priced housing sector is most responsive
Home values for dwellings (attached and semi-attached homes) reported a leap of 2.8% over the March quarter. Michael Yardney for Property Update suggests how each area has done well, with Perth showing highest growth and every capital city, except Adelaide, contributing to the total sum. Middle-priced housing sector is exhibiting maximum response, posting a hike of 1.6% in value of home dwellings. Contrarily, the lowest-priced and the highest-priced end of the spectrum have displayed a fall of 0.9% and 0.6% respectively.
Between the owner-occupied homes and investment homes, the latter is showing a lot more responsiveness to the prevailing interest-rates (as low as they come). Data mortgage reports and capital gains signals are also sending an optimistic wave for the property market. Read the full article here.
Do you think that the capital gains (4.7%) reported for 2.8 % market leap may be an exception to the rule? I invite your opinion.
