Archive for November, 2013

Rising stamp duty highlights stimulated New South Wales market

As New South Wales prepares for the busiest auction weekend in history, it has been found that October received the largest amount of stamp duty on record, which highlights the sheer amount of property being sold across the state.
In an article published on November 23 in the Sydney Morning Herald (SMH), it was said that New South Wales received a … Read more »

Population growth for Melbourne expected to outshine Sydney

Melbourne may become Australia’s biggest city in the near future, as the Australian Bureau of Statistics (ABS) predict that Victoria is expected to undergo massive population growth over the next 50 years.
In fact, it’s expected that Melbourne’s population will outgrow Sydney’s by 2053, while becoming the most populated city in Australia by as early as 2030. While population growth is … Read more »

Purchasing investment property: Houses versus apartments?

Property investment is not something to be taken lightly, as there are a number of different questions that need to be answered before committing and taking the plunge.
However, if you’re looking into purchasing property in a metropolitan area such as Sydney, the first question you should answer is this: what type of property am I interested in investing in – … Read more »

Survey: Property investment important to Australians

The latest Blackrock Investor Pulse Guide for 2013 has highlighted a number of interesting trends about Australians and their investment patterns when compared to other places around the world, with one of the key findings circulating around the nation’s high interest in property investment.

The survey covered 17,600 people across 12 different countries, and aimed to highlight the various attitudes towards … Read more »

Chinese investors driven by regulation changes

A recent report has highlighted the reasons behind the recent influx of Chinese investors into Australia, which could be invaluable information to anyone interested in property investment – or selling their own real estate in the coming months.
According to the report from Colliers, the relationship with China has grown due to a number of different factors. The biggest one is … Read more »

Tightened rental vacancy rates for Melbourne over October

The vacancy rates in Melbourne have tightened over the last month, which could highlight a great opportunity to consider property investment in the Victorian capital city heading into the new year.

It has become increasingly difficult for renters to secure property across all the suburbs in the city, with the city’s overall vacancy rate falling to from 2.9 per cent in … Read more »

Potential cash rate cuts among rising interest rates

The official cash rate was reduced by the Reserve Bank of Australia (RBA) to a historically low level of 2.5 per cent back in August. Since then, interest rates have been lowered to match the change and confidence in the housing market has soared.
Incidentally, many industry bodies have been wondering about the longevity of these rates, with the general consensus … Read more »

Western Sydney: Biggest development region in New South Wales

The latest report from the Department of Planning and Infrastructure has highlighted the extreme growth being undertaken in Western Sydney, with more than $12 billion worth of approvals for infrastructure and development projects in the area over the last year.
Projects in Western Sydney alone were worth more than the total combined value of all state significant projects across the whole … Read more »

Strata reforms aim to strengthen New South Wales apartments

Late last week (November 14), Minister for Fair Trading Anthony Roberts released the proposed reforms to strata living in New South Wales, which is expected to improve the living conditions of people throughout the state.
There are more than 72,000 strata schemes in the state, with an average of five new schemes added everyday.

Mr Roberts predicts that by 2030, half of … Read more »

Tips to successfully purchase property at auction

Going to auction is an increasingly popular way for people to sell their properties across the nation. There are a number of reasons for this, but one of the most convincing is the clearance rates of these proceedings in cities like Melbourne and Sydney.
After all, they’ve been tracking clearance rates around 75 to 85 per cent for the last few … Read more »