Archive for the ‘Buy’ Category

More than ever Australian families choosing apartment living

Australia’s reorientation to apartment living, fuelled partially by young couples delaying families, the lifestyle-oriented boomers downsizing and increasingly more lone-person households; but is this the whole story? It is certainly true that lone-person households are far more prevalent than most Australians realise. Out of the 9.9 million households in Australia reported during the 2016 census, more than 2 million of them (a quarter of all homes) were occupied by a sole person. Lone person households are the largest group of apartment dwellers; however, three-quarters of lone person households are still in either a detached house, attached house or townhouse. The next largest... View article »
Posted in Buy, Latest news, News on 18th November, 2019

Melbourne house value growth overtakes Sydney after October surge

Melbourne house values soared a massive 2.4 per cent over October, leaving Sydney trailing in its wake, according to CoreLogic. Melbourne's huge success over the month also took its quarterly gains higher than Sydney, posting 5.7 per cent gains. Sydney house values were up another 1.8 per cent in October, with quarterly gains of 5.3 per cent. The October price surge in houses is the biggest month-on-month gain since May 2015.   Nationally dwelling prices were up 1.2 per cent across all capitals and territories, the fourth month in a row of dwelling value gains. Perth was the only capital not to see... View article »
Posted in Buy, Latest news, News, Sell on 4th November, 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

What drives property prices up?

JOBS The availability of employment is inextricably linked to the property market, because without a job it’s pretty difficult to pay a mortgage. Mining towns in Western Australia, and to a lesser extent in Perth, are the perfect example. When there were loads of high-paying jobs available, house prices and rents went through the roof. As the boom came off the boil, so too did the housing market. This also explains why Sydney and Melbourne have been our strongest markets historically, as these cities are where the headquarters of banks, media outlets and other corporate giants are located. INFRASCTUCTURE Roads, public transport, schools and hospitals, community centres, places of worship,... View article »
Posted in Buy on 26th September, 2019

Will Australia’s Newest Generation Take Over the Property Market?

The country is outgrowing expectations and there is no sign of slowing down. Over the past 8 years our population growth rate has ranged from 1.49% to 1.67%, equating to almost 400,000 additional residents to the population each year. It was only mid-2018 when Australia’s population surpassed 25 million, a milestone met 33 years before expectations – now we are likely to hit 26 million within the next 18 months. It doesn’t take an expert to recognise that Australia’s population is changing rapidly. It’s shaping the way that we live throughout all our major urban centres and capital cities. All you have to do is look... View article »
Posted in Buy, Latest news, News on 27th August, 2019

How to choose your forever home and why it is a smart way to buy

A “forever home” – one you’ll own and live in for at least 15 to 20 years can offer more stability than constantly upgrading. It’s a purchase that makes most sense when work and family dynamics are expected to remain relatively stable, allowing home owners to settle in and take advantage of the benefits of long-term ownership. For home owners who upgrade frequently, high transaction costs mean considerable growth is necessarily before moving on, but that’s less of an issue with forever homes. The major benefit is minimising buying and holding costs because this is usually our most expensive asset in life. Compared with an investment property, a forever home... View article »
Posted in Buy, Latest news, News on 21st August, 2019

Even lower rates are on a way – says Governor Lowe

Lowe said in May that while the Reserve Bank had long thought an unemployment rate of 5% was the best that could be achieved without generating worrying inflation, that view has now changed: From today’s perspective, I think we can do better than this. My judgement of the accumulating evidence is that the Australian economy can support an unemployment rate of below 5% without raising inflation concerns. The Reserve Bank should be able to cut interest rates until unemployment fell below 5% and approached 4.5% without worrying about inflation, Lowe argued. It would likely be appropriate to cut interest rates and keep cutting... View article »
Posted in Buy, Latest news, News, Sell on 12th August, 2019