In an article for the Property Update, Michael Yardney starts with talking about the opinion of commentators who feel that the Australian households are amassing a great deal of debt on their heads. This is also one of the reasons why they feel the property market might crash. Be that as it may, Yardney believes that the debt amassed is largely because the household incomes have improved a great deal, interest rates are incredibly low and people have been able to procure assets.
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Real Estate Mistakes You Did Better Avoid
Very few property investors succeed in realising the potential they had seen in the market while jumping in it. Some of course lack the discipline, the Due Diligence and the hang of the craft itself. Others get driven by the herd mentality seeking safety in numbers. There are still others who fail to grasp the topic objectively and are trapped by bust-worthy myths. Fathoming real estate is no child’s play and it can give you those real awkward ‘blooper’ moments. Let us look into a few real estate mistakes we did better avoid in the year 2015.
Foreseeing 2015 Property Market Trends
In an article for the Switzer Daily, John McGrath expresses his lack of bullishness about Sydney’s property market prospects in 2015. He does not expect the market to take a reverse turn but certainly anticipates a mellow down in prices.
Demand Outpacing Supply in Sydney
An article on the website Your Investment Property suggests that vacancy rates are too low and that supply in Sydney is not keeping up with the force of demand made by investors.
Reserve Bank Governor Plays Down Cash Rate Cut
In an article for the website abc.net.au, Michael Janda sheds light on how the Reserve Bank Governor Glenn Stevens chose to address a few key financial aspects. He suggested that the dollar was running pretty close to the intrinsic value (based on economic fundamentals) but some adjustments still required being made.
Mayhem in the Off-the-plan Sector
The redemption of the construction sector was expected to partially piggyback on the performance of the off-the-plan housing. This sector has however suffered a rude jolt of late, reports Duncan Hughes in an article for the Australian Financial Review.
