Archive for the ‘Sell’ Category

Investing tips from Warren Buffett

Warren Buffett isn’t really a property expert, but you’d have to agree that he’s the greatest investor of our time. In his 1986 Annual Letter to the Shareholders of Berkshire Hathaway Buffet said: “What we do know, however, is that occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. And the market aberrations produced by them will be equally unpredictable, both as to duration and degree. Therefore, we never try to anticipate the arrival or departure of either disease. Our goal is more modest: we... View article »
Posted in Buy, Latest news, News, Sell on 4th February, 2020

Sydney house prices record largest annual gain since 2017 peak

Sydney’s property market is well and truly on its way back up, with the latest data revealing house prices grew in every single region of Sydney during 2019. The market recorded its first annual gain since the boom ended in 2017, continuing its extraordinary recovery which experts say could break price records by the middle of this year. The latest Domain House Price Report, released on Thursday, showed the city’s median house price regained another $73,000 – an increase of 6.8 per cent – in the 12 months ending December 2019, reaching a new median of $1,142,212. At the same time, unit... View article »
Posted in Buy, Latest news, News, Sell on 29th January, 2020

What’s ahead in Sydney property market?

The turn in Australia’s housing markets has been remarkable, with the rebound in prices considerably stronger than many expected. What’s ahead? House prices across all our capital cities are expected to grow over 2020/21. The combination of lower interest rates, easing lending serviceability buffers and increased consumer sentiment is expected to bring more buyers back into the market.   Continued strong population growth will be another key driver supporting our property markets. Net overseas migration is forecast to average a net inflow of 243,000 people per annum in the next 3 years and most of these people have jobs and are at household... View article »
Posted in Buy, Latest news, News, Sell on 9th January, 2020

The value gap between capital cities is widening

Spurred on by a rise in national dwelling values after a long period of decline, property values around Australia are now up 4.7% since finding a floor in June through to the end of November. While Sydney has long been the most expensive capital city housing market, there was a short period in 2006 which was related to the mining boom where Perth values shot up to be the highest of any capital; a very different scenario to what we are now seeing where Perth is now the cheapest capital city based on median house values. To put this into perspective, the... View article »
Posted in Buy, Latest news, Sell on 9th December, 2019

Heading to boom times

The latest data from the Commonwealth Bank Household Spending Intentions (HSI) series released today shows the sharp increase in home buying intentions is continuing. After a measly two-year downturn, homebuyers now appear to be back in a big way. The proportion of Australians planning on purchasing a house is all-time highs, propelled on by three rate cuts according to the latest Commonwealth Bank research. Beyond housing, the overall picture is one of a gentle upturn in consumer spending intentions. CBA’s Chief Economist Michael Blythe said the sharp upswing in home buying intentions continues and intentions are now approaching the record highs... View article »
Posted in Latest news, News, Sell on 20th 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

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

How to – style outdoor area?

It’s no secret Australians love outdoor living spaces, so we must really get these spaces right before hitting the market. Whether you have a small or large outdoor space to work with, it’s important that you showcase it by creating the perfect outdoor oasis. More than ever, people look at decks and verandas as extensions of their homes that get used every day for entertaining and family life – and maximising this area is one of the most effective ways to add value to your property. This time agent Stevan Vuk-Luboya shares tips how to maximise outdoor area. A styling tip: Think strategically about the outdoor spaces... View article »
Posted in Latest news, News, Rent, Sell on 14th 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