Archive for February, 2014

Private equity to drive property growth

Substantial growth is tipped for the global real estate investment industry, according to a report from multinational professional services firm PricewaterhouseCoopers (PwC) released on February 27.
‘Real Estate 2020: Building The Future’ explores the “rapid urbanisation and demographic changes” currently being seen around the world.

It’s estimated that “global stock of investable real estate” will increase by over 55 per cent between … Read more »

Sydney creating new suburbs to meet demand

A new Sydney suburb is nearing completion, highlighting the heavy demand for housing in the NSW capital.
The suburb of Bunya will be completed almost three years ahead of its original deadline because of state government action to speed the process up.

Minister for Planning and Infrastructure Brad Hazzard announced that the NSW government “has pulled out all the stops to boost housing … Read more »

Outdoor living and quality fixtures wanted

Sydney investors and homeowners wanting to add value to their properties may consider the findings of the Survey of Industry Conditions for the final quarter of 2013 released on February 19 by Master Builders.
The survey results provide useful insight surrounding new home building.

Respondents from around Australia gave their views on consumer and home trends in relation to customers choosing builders and specific … Read more »

Sydney leads medium density housing approvals

Medium density housing is becoming increasingly popular in Australia, according to Bankwest’s Housing Density Report, released on February 17.
This type of housing has been more sought-after compared to stand alone homes, capturing 43.4 per cent of home approvals in the year to October 2013.

This is an increase from five years ago, when just under one in three (33.1 per cent) … Read more »

2013’s fourth quarter: Local investment and surging property demand

The final quarter of 2013 saw a boost in housing market sentiment, which was “supported by faster house price growth in all states,” according to the Quarterly Australian Residential Property Survey: Q4 2013.
The report was released by National Australia Bank (NAB) on February 13 and points to the strength of the NSW market, which has drawn much of its success … Read more »

Strong growth in house prices led by Sydney

A record surge in Australia’s average house price in 2013 largely has strong activity in Sydney to thank, according to the latest House Price Report: December Quarter 2013 from the Australian Property Monitors (APM).
The report was released this month and highlights the significance of Sydney’s property market, where the average house price increased by 15.1 per cent between December 2012 … Read more »

Sydney apartment approvals ‘solid’

New building growth in Australia looks promising, according to recent figures from the Australian Bureau of Statistics (ABS).
Building approvals for private sector dwellings excluding houses in Australia increased by 2.2 per cent from November to December 2013, according to a February 3 release from the ABS.

Growth in apartments for NSW

The Urban Taskforce released a statement on the same day highlighting “strong … Read more »

Rental availability up slightly but vacancy rates still tight

Sydney remains a lucrative prospect for property investment, after new information was released by the Real Estate Institute of New South Wales (REINSW) showing that Sydney’s rental market is still tight.
The REINSW’s Vacancy Rate Survey provides useful insight for those with a property portfolio in the booming NSW capital, or who wish to purchase in the area.

Results showed the number of … Read more »

Strata reform recommendations: Reduce red tape and administrative costs

Property investors and apartment owners in Sydney may be interested by a recent submission made by the Real Estate Institute of New South Wales (REINSW) in relation to the proposed strata reforms.
The REINSW outlined its proposals in a February 13 statement.

It noted that “the government had made some changes in policy direction in response to concerns previously expressed by REINSW”.

However, … Read more »

Investors continue their strong presence in the property market

Sydney investors are doing well out of the property market, with national figures demonstrating stronger growth for investors when compared with the owner-occupied market.
Recent data from the Australian Bureau of Statistics (ABS) found, in trend terms, that the last 12 months to December 2013 was the slowest growth period for the owner-occupied real estate market since 2012.

However, the Australian property … Read more »