Archive for April, 2014

Homeowners and buyers in Sydney pleased by inflation rate

Low interest rates have been a trend in Australia for some time, which has enabled investors and homeowners to use their existing equity and obtain affordable finance in order to expand their portfolio or upgrade their existing home.

Reserve Bank of Australia (RBA) Governor Glenn Stevens announced that the central bank intends to keep the cash rate at 2.5 per cent … Read more »

Minto, Raby and Claremont strong players in Sydney

Dwelling investment spending is slowly picking up, according to a report from Residex released this month.

The State Market Report for New South Wales during the December quarter highlights strengths in the property market as well as weaknesses. Many Sydney suburbs made it to the list of top-performing suburbs in the state.

The diversity of the New South Wales economy is one of its … Read more »

New opportunities identified in stunning Sydney

New opportunities for homeowners and investors have been identified in the Sydney property market by Real Estate Institute of New South Wales (REINSW) President Malcolm Gunning in an April article.

While there has been a boom market across entry-level properties, there are also opportunities for smart buyers in particular property sectors.

Sydney’s strength

It’s clear that on the whole, Sydney has a booming … Read more »

Rising costs may lead to Australians renting for longer

Rising living costs is the single “biggest financial concern” for Australians this year, according to an April 8 release from Mortgage Choice.

The finding comes on the back of the firm’s Money Survey, which found that rising utility bills were a big concern for residents around the country.

Over half (54.8 per cent) of respondents cited utility bills as their greatest concern. … Read more »

Property owners: Have your say on Banksmeadow development

A Banksmeadow waste facility application has been lodged and is now being exhibited, according to an April 17 statement from NSW Planning & Infrastructure.
Owners of investment properties around the Banksmeadow area may wish to have their say about the proposed waste facility in the area.

Meanwhile, those living in this south-eastern Sydney suburb may also be interested to provide feedback to … Read more »

Job creation and transport initiatives great news for Sydney

A boost in employment and taxi reforms are two changes making waves in New South Wales, which may attract more to buy or rent property in the capital.

A total of 16,300 jobs were gained in March in NSW, according to an April 10 statement from the state government. This places the state at the top for job generation across the … Read more »

Foreign investment to stimulate NSW, Sydney economies

A sizeable amount of foreign investment for New South Wales may well have positive ramifications for Sydney property owners, as business continues to boom in the capital as well as elsewhere in the state.

NSW’s international trade and investment offices locked down $500 million worth of foreign investment during the most recent financial year, noted an April 11 release from the … Read more »

Potential road changes for residents in Frenchs Forest

Residents and landlords of real estate in Frenchs Forest may be aware of the Northern Beaches Hospital project taking shape in the area.

Planning and Infrastructure Minister Brad Hazzard, Treasurer Mike Baird and Health Minister Jillian Skinner are seeking comment from residents about road upgrades in the area, according to a March statement.

Big changes in Frenchs Forest

Northern Beaches Hospital will deliver both public … Read more »

Units in Sydney show strength

Owners of units in Sydney are hitting the money when it comes to pulling in weekly rents, according to the Rental Report: March Quarter 2014, released this month by the Australian Property Monitors (APM).

However, when it comes to rental yields, the stronger result was the quarter-on-quarter figure for the New South Wales capital city.

Sydney still pricey

“Sydney maintains its mantle as … Read more »

Unemployment drops to stimulate economy

Unemployment fell in Australia month-to-month in March, according to researched released by Roy Morgan on April 1.

Last month, 1.465 million people were unemployed, a figure that represents 11.6 per cent of the workforce. This is a 0.7 per cent decrease on February.

However, the figure for March 2014 actually demonstrates a 0.8 per cent in unemployment year-on-year.

Impact for Sydney

The reason for … Read more »