Average 233% return on investment property in Sydney 1993-2010

Property investors can achieve an average 233% return on investment property in Sydney if they buy in 1993 and hold the property to 2010. Sydney’s median house price rose 233 per cent between the June quarter of 1993 and the June quarter of 2010, from $188,050 to $626,444, according to the latest housing price figures …

Foreign investors, especially overseas students, are changing the property market in Australia

New rules making it easier for foreign residents to invest in Australia real estate, along with an influx of overseas students, are changing the property market – according to an article in SMH. Changes to foreign investment policy around acquisitions of residential real estate by foreign persons, in late 2008, has come under fire in the media recently …

Melbourne property market is even hotter after 5 RBA interest rates in 7 months.

Despite the recent 25 base point RBA interest rate rise, Melbourne property market is even hoter after Easter, having recorded its strongest opening quarter on record. The weekend’s clearance rate reached 85 per cent, from the 488 auctions reported. JPP Buyer Advocates’s Catherine Cashmore went to five auctions at the weekend and said all the properties at …

House prices in Melbourne and Sydney are tipped to rise

House prices in Melbourne and Sydney are tipped to rise because of the limited availability of land, steady poplulation growth, and strong demand from international investors. Developers are arguing that consumers will be forced to pay over the odds as the availability of land shrinks at the same heady rate as demand for new homes increases. The …

Glenn Stevens says blaming foreign buyers for rising house prices

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 …

Should we blame Foreigners especially Chinese for poor housing affordability?

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 …

Do you think investors are stupid to buy a property bubble?

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 …