DTZ says Sydney property market will deliver positive returns in 2010
Property returns in Sydney are set to turn positive in 2010, making it one of the first cities globally to recover from a property slump, research firm DTZ said on Tuesday. DTZ expects total returns for Sydney assets to reach nine per cent in 2010, from minus 27 per cent in 2009.
Rates hit bottom but hikes not imminent
Reserve Bank Board meeting The Reserve Bank (RBA) has left the cash rate unchanged at a 49-year low of 3.00 per cent. The RBA has removed its easing bias (inclination to cut rates). For the past two meetings, the RBA indicated that there was scope to cut interest rates further. Now the RBA says that monetary policy is “appropriate given the economy’s circumstances.”
Abs Confirms Housing Recovery
Well, I don’t mind saying it – we told you so. As we anticipated last week following the release of the more comprehensive RP Data-Rismark house price survey, the ABS today finally reported a recovery in the housing market with detached homes purportedly experiencing 4.2 per cent growth in the second quarter of 2009.
Use the Crunch and 'cash In'
As our economic recovery gets more assured by the day, rate rises are back on the agenda. Perhaps not this year but maybe mid-next year. And perhaps a couple of per cent in quite a short period. Which means your window to turn the credit crunch into a free lunch is slowly starting to shut.
Aussie Expats in the Money, but Good Times Abroad May Be over
Australian expatriates are among the richest in the world, with one in five earning more than $A322,000 a year. But almost a third are planning to return home, blaming global economic turmoil for limiting their career prospects.
Bust Edges Back to Boom
The property market is back, or so we've been led to believe by a recent run of data that shows property prices across the nation have been increasing over the past year.
Lenders, Builders Welcome Rba Rates Decision
The Reserve Bank of Australia's (RBA) decision to leave official interest rates on hold will give borrowers more time to maximise the benefits of current low rates, lenders say. The RBA has maintained official interest rates at a 49-year low of three per cent, amid signs that the global economy is stabilising and that domestic inflation will continue to abate.
Why We Live Where We Live
The Australian Psychological Society has conducted research into why we choose to live where we do and discovered that old ties like family connections to a location are not as important as they used to be. "It is aspects of the place and not people that are important in choosing the location in which you live," the research says.
The Return of 'rental' Property
An undersupply of housing and weak returns from other assets has put the spotlight on investment property. Following the dismal performance of shares and super funds, many older investors are likely to have a renewed appreciation for the value of a reliable income stream generated by investment properties.
Investors Rate Australia among World's Top Three
Australia, China and Japan have topped the list of the best countries for property investment in an annual survey of the investment intentions of the world's largest global real estate investors. The choice of Australia among the top three investment destinations was a sharp contrast to the findings in last year's inaugural survey when Australia was not even mentioned.
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