Archive for November, 2014

Real estate and the economy – an enduring partnership

Purchasing property is significant for many reasons. It means having shelter over your head, as well as financial security and an investment in the future.

Sitting alongside these more conventional understandings, however, is the real estate industry’s symbiotic relationship with the local, state and national economy. For taking out a home loan and getting a slice of Australian real estate is … Read more »

Rental vacancies in decline

Residential rentals are a popular choice with investors, especially when it comes to capital city markets.

These can typically be difficult places for first-time buyers to make their move onto the property ladder, which often means they end up renting property instead.

This opens up a host of opportunities for investors, as they can make the most of this sustained demand and … Read more »

Top 3 infrastructure projects coming to Sydney

It’s no secret that Sydney is a rapidly growing city. The Australian Bureau of Statistics tells us that, between 2012 and 2013, the Greater Sydney area made up slightly less than 80 per cent of the total population growth of New South Wales. According to the federal government, just its western region is already Australia’s fourth-largest city.

With population growth, there … Read more »

Real estate industry: Hands off our interest rates!

A number of industry bodies have come out in support of continued low interest rates for the Australian real estate market.

Both the Real Estate Institute of Australia (REIA) and the Real Estate Institute of New South Wales (REINSW) weighed in on the interest rate debate following the Australian Bureau of Statistics’ (ABS) release of the consumer price index (CPI) figures … Read more »

Things to know about the preliminaries of buying

Deciding that you want to buy a home is one thing. The actual process of purchasing the home is something else entirely. Given how complex even the preliminary stage of purchasing a home can be, it couldn’t hurt to have a handy guide to refer to in order to answer any questions.

How do I look for a property?

There’s a huge … Read more »

Land sales point to strong year for construction

Whether looking for investment potential or a permanent home in New South Wales’ sprawling capital, buyers looking in the Sydney area could be in for some good news in half a year’s time.

According to the most recent Residential Land Report from RP Data and the Housing Industry Association (HIA), a strong bump up in residential land sales during the June … Read more »

Interest rate stability approaches record as cash rate sits

Australia is on its way to its longest period of interest rate stability in recent history thanks to the Reserve Bank of Australia’s (RBA) latest cash rate decision.

Meeting on November 4, the board elected for what is now the 14th consecutive month to keep the official cash rate held at the historically low rate of 2.5 per cent. Buyers were no … Read more »

Sydney defies wider property slowdown

Despite the slowdown recorded in Australian property value growth, it seems Sydney is still a top spot for investors looking to make strong returns.

According to the RP Data CoreLogic October Hedonic Home Value Index, Sydney was one of only two capitals to record any substantial growth over the October period, seeing a 1.3 per cent increase in its home values. This … Read more »

Buyers win out in 15-month long cash rate stability

After dropping the official cash rate to a record low of 2.5 per cent back in August 2013, the Reserve Bank of Australia (RBA) has kept it at this level for the 14 months that followed, with home buyers due to profit most.

In a move that surprised few market analysts, the RBA board met on October 7 and decided that … Read more »

NSW building approvals highest in over a decade

Building approvals are climbing higher and higher across Australia, with New South Wales a major beneficiary, the latest Australian Bureau of Statistics (ABS) figures have revealed.

The number of dwellings approved across Australia has climbed for three months now, rising 1.2 per cent in August. According to Minister for Planning Pru Goward, NSW’s share amounted to 52,000 approvals over the year to … Read more »