Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
In a recent NSW Property Outlook Seminar given to Westpac employees by John Edwards, CEO of Residex, and Ben Richard, Senior Financial Planner, Westpac, top 5 tips for property investment were unveiled. Top 5 Property Investment Tips 1. When purchasing a property, keep it affordable (i.e. within the 30th to 60th decile of property values). Any higher …
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According to an article on NineMSN Money, you can possibly become a property tycoon for just $1. But how? The article suggests that you should look towards Michigan’s biggest city, Detroit, where houses start at just US$1. Yep, according to Sydney Morning Herald, the city of car manufacturing plants, Eminem, and soaring murder statistics, is also …
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Reserve Bank governor Glenn Stevens says foreign buyers are a factor in rising house prices. Mr Stevens said the bank was monitoring how much the federal government’s decision last March to relax its rules on foreigners owning property had contributed to surging prices for housing. He said the role of foreign purchases was ”an important …
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Should we blame foreigners, especially Chinese, for poor housing affordability? I don’t think so although there seem to be many people thinking so. Here are some comments I found on the web regarding high housing prices and poor housing affordability in Australia. It is going to be hard to work out how much it is raising …
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A confluence of housing shortages, low interest rates, speculative fervour and last year’s move by the Rudd Government to relax foreign ownership rules on real estate have turbo-charged house prices. In the latest Investor Pulse survey, conducted jointly by BusinessDay and marketing research group Colmar Brunton, there is no indication that investor appetite for property …
Continue reading “Do you think investors are stupid to buy a property bubble?”
And as long as buyer demand continues to outweigh supply, this trend is likely to continue. Frank Valentic of Advantage Property Consulting said 35 McNamara Street, Preston West, was quoted at $505,000 and sold for about $604,000. Another property, at 9 Towers Street in Beaumaris had an asking price of $720,000 and sold for $822,000. …
Continue reading “Why Melbourne people pay $100,000 above property asking price?”
Suburb, State, Region, House, Number Sold, Median Price, Average Annual Growth (last 10 yrs) Silkwood QLD Far North House 10 $235,000 35.0% Tullah TAS Mersey-Lyell House 11 $132,500 34.9% Gravelly Beach TAS Northern House 15 $215,000 34.6% Gunning NSW South Eastern House 10 $283,000 34.5% Lloyd NSW Murrumbidgee House 17 $316,790 34.1% Collie WA South …
Continue reading “Top 20 regional property markets with greatest price growth”
According to RP data, here are the top 20 suburbs in capital cities with greatest property price growth. Suburb State, Region, House, Number Sold, Median Price, Average Annual Growth (last 10 yrs) Oakdowns TAS Greater Hobart Unit 22 $275,000 34.6% Herne Hill WA Perth House 10 $595,000 34.4% Blairmount NSW Sydney House 10 $327,750 33.3% …
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I predicted in 01/2010 that property investors will be the main driver for any home loan growth in 2010 in my post “Property investors will drive home loan growth in 2010“. The latest data from Australian Finance Group (AFG) supports my predict very well. Australian Finance Group (AFG), which claims over 10 per cent of the …
Yes or no there is no correct or incorrect answer. But I would hold there for a few more months. Personally, I think it is not a buyer’s market. Let’s use Melbourne as an example. The overall auction clearance rate was 87 per cent, compared to 75 per cent this weekend last year and just 66 …
The Reserve Bank of Australia (RBA) has lifted official interest rates by 25 basis points to 4 percent with analysts warning that further rises are imminent.
The Housing Industry Association (HIA) says figures show investors are returning to the South Australian market. There was a 22.2 per cent jump in building approvals for January over December, mostly driven by unit dwellings. Nationally there was a 7 per cent fall. Robert Harding of the HIA says the market is on the right …
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Sales of new homes rebounded to a five-month high in January, a sign that upgrading owner occupiers and investors may be coming back in to the market, a leading industry body says. New homes sales rose 9.5 per cent to 8,444 in January, the Housing Industry Association (HIA) said on Monday. Sales rebounded from December’s …
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Investment Property Calculator has released a new free property investment tool – Property Rental Yield Calculator Excel spreadsheet. This property rental yield calculator will calculate rental yield for you and allow you to compare rental yields across properties. In addition, a rental yield table based on different weekly rental incomes and property prices is included for …
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Investment Property Calculator has released an Excel spreadsheet – Free Loan to Value Ratio (LVR) Calculator. The loan-to-value (LTV) ratio expresses the home loan amount of your mortgage as a percentage of the purchase price or the appraised value of your property. The LVR calculator can show how much you can possibly borrow from the banks …
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