Archive for October, 2019

Fastest rebound in decades

The Sydney property market is on the move. Sydney’s has recorded its quickest turnaround in decades, with house prices rebounding almost $50,000 last quarter according to Domain’s House Price Report for the September quarter. Houses prices regained almost one-third of the value lost during the two-year downturn, with the city’s median up 4.8 per cent to $1,079,491 according to Domain. Sydney’s house price downturns and recovery The rapid recovery — four times greater than the next strongest quarterly rebound of 1.2 per cent following the 1994 market low — has surprised most property commentators. The recovery can be attributed to: Lower interest rates; The... View article »
Posted in Buy, Latest news, News, Sell on 28th October, 2019

Sydney property set to be back on the boil by 2022

Domain’s economists recently announced that Sydney’s property market has rebounded more strongly than expected on the back of recent interest rate cuts and price growth over the next 12 months is expected to be between five and 10 per cent. It isn’t too surprising that Sydney has bounced back quicker than expected. In addition to reduced borrowing costs, lending criteria has also eased and the Federal Election earlier in the year secured negative gearing tax incentives for investors with all of these factors contributing to improved market sentiment. Sydney property continues to outperform other capital cities due to its strong population growth, relatively low levels of unemployment and abundant job... View article »
Posted in Buy, Latest news, News on 21st October, 2019

Property Sellers Reaping Strong Profits

It’s often true that the squeakiest wheel gets the most oil, and those who make the most noise will often receive the most attention. The same can be said for investors. An unfortunate truth is that when one investor experiences a negative result, they more than likely will voice their negative opinion, leading others to expect that they are in the same boat. This effect is ringing true throughout our market at the moment. Media headlines about shonky building quality, subjective valuations from lenders and even generalised market commentary are all petrifying investors into the idea that they are holding onto ticking time bombs. This blanket view, however, couldn’t... View article »
Posted in Buy, Latest news, News, Sell on 10th October, 2019

Investors are the winners, as owner-occupiers miss out on full rate cuts

The big four banks have all only passed on part of the RBA's 25 basis point rate cut, keeping a large chunk for themselves. They've defied treasurer Josh Frydenberg's call for them to pass on the full cut, with further cuts expected in the not too distant future. CBA and NAB were the first to cut their rates on Tuesday, with ANZ and then Westpac following yesterday. Investors were the big winners. Investors with interest only investor mortgage's saw their rates get cut the full 25 basis points by ANZ, CBA and NAB. Westpac were the only ones not to pass fully. The labour market performance was... View article »
Posted in Buy, Latest news, News on 4th October, 2019