Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
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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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 …
Melbourne property prices are booming. Melbourne’s property market is showing no sign of slowing, after a record breaking week of property sales. More than $1 billion worth of real estate was sold last week and the clearance rate from auctions at the weekend was 86 per cent. According to the Real Estate Institute of Victoria says …
Australia housing prices increased 1.8 per cent in January, according to RP Data, taking them 11.8 per cent higher in 12 months. “What makes me angry is that my father was able to buy a three bedroom house in Williamstown and support a family (my mother didn’t work) on the average income of a school teacher,” said …
Continue reading “Housing prices increased almost 2 percent in January 2010”
Without the required new home building to keep up with underlying requirements, house prices and rents are expected to continue pushing upwards through 2010, according to Housing Industry Association (HIA). The association is forecasting a moderate housing recovery in 2010 with about 152,000 dwelling starts. But that’s still below the 190,000 required to keep pace with …
Continue reading “House prices and rents are expected to rise in 2010”
One of the most outspoken sceptics of Australian property prices lost a bet that home prices would fall 40 percent from peak to trough in 2009. While the truth is that last year, capital city house prices rose by 12.1 per cent, hitting a new high, as demand from first-home buyers sparked a revival at …
Continue reading “House price crash? I was hopelessly wrong on house prices!”
Beach property with coastal areas along the nation’s Eastern Seaboard experienced strong price recoveries in 2009 and will see further strong gains throughout 2010. According to an analysis of REX data, house prices gains in major coastal areas such as the Sunshine Coast, Gold Coast, Tweed and Port Macquarie are accelerating. “There are more buyers than stock …
Continue reading “Beach property will make strong gains throughout 2010”
Well, this definitely sound good for any property investors or home owners – it definitely a bad news for those who are looking to buy a property. The Real Estate Institute of Victoria (REIV) says the cost of buying a home in Melbourne has shot up over $75,000 in three months to reach another record …
Continue reading “$75,000 in three months – does this sound good?”
With residential property prices around the country on the rise, some real-estate investors are wondering if they have missed the boat. “I have been considering investing in a unit for about 12 months,” writes Kate, “but I thought prices would fall significantly due to the global economic crisis, and they didn’t. Then I expected prices …
Continue reading “2010 will be a good year for rental property investors”
Research by The Sunday Telegraph has revealed for the first time how skilled immigrants – predominantly from Britain, India and China – are forcing house prices to some of the highest levels in the world when compared with average incomes. Almost 115,000 permanent skilled visas were issued last year, compared with just over 40,000 in …
Continue reading “Find out why you cannot afford a property!”
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 …
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 …
Continue reading “Should I buy a property now early 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 …
Continue reading “Where the property price will go if growth to triple in 2010?”