Last Saturday (09/01/2010) I went to inspect a 1920’s brick property in West Ryde, Sydney. I arrived about 10 minutes earlier. To my surprise, there were already 5 couples there. Anyway, lots of work need to be done before you can move in. The agent told me the target price is high 700K which I …
Investment property rents likely to rise up to 11% in 2010
Rents are set to soar by as much as 11 percent this year, as landlords seek to cover rising costs amid a strengthening economy. Rents for homes across Australia increased nationally by a mere two per cent in 2009 – the weakest annual increase since 2002, the Australian Property Monitors’ Quarterly Rental Report says. Matthew Bell, …
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Home loan slump won’t stop interest rate rise
An economist says a sharp fall in the number of people taking out home loans is unlikely to stop the Reserve Bank from raising interest rates at its next board meeting in February – according to Yahoo Finance news. Seasonally adjusted figures released today by the Australian Bureau of Statistics show 59,516 new loans for …
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Can the free property investment spreadsheet be used for a single invester?
Question: “I notice that the free property investment spreadsheet assumes 2 incomes and sets of deductions. Can this spreadsheet also be used for a single invester rather than a couple with 2 incomes?” Answer: Yes. The free property investment spreadsheet can be used for one investor. Just change the Deductions 1 (%) under Deductions Splits (%) …
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6 Property Investment Tips to Avoid 3 Traps
Property Investment Tips Be logical and review these six groups of investment fundamental tips: 1. Location: Does it have schools? Shops? Day care? Car parking? Major shopping area? Cafes? Sporting facilities? 2. Transport: How do people get to work in that area? How far is it to bus stations or train stations? 3. Demographics: Look at …
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Should I buy a property now early in 2010?
Property buyers are being urged to take the plunge early in 2010 to avoid missing out on purchasing their dream property at a price they can afford, according to an article from Yahoo Finance published on 06/01/2010. Meighan Hetherington, Managing Director of Property Pursuit in Brisbane said, “Buyers need to realise that the peaks and …
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Where the property price will go if growth to triple in 2010?
Economists say economic growth is set to triple in 2010, according to Yahoo Finance. The Treasury and Reserve Bank expect the growth rate to return to around 3 per cent this year, up from around 1 per cent in 2009. But the surge in economic activity is expected to exacerbate the skills shortage and put …
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