Investors Dominate New Business
Investors continue to form the backbone of new business activity in the property market, a recent report has found. According to a Quarterly Economic & Property Report, investors now account for 36.8 per cent of all financial housing commitments in Australia - the largest amount since December 2003. In addition, investor financial commitments have now eclipsed $8 billion.
Position Has High Priority
Price and size shouldn’t be your only considerations when buying an apartment. The position of a unit within a development can also have a huge impact on your quality of life, especially when it comes to privacy, noise, views and access to natural light. Despite what sales brochures may say, not all apartments will deliver the same benefits, even those that look identical on blueprints.
Close the Deal before It's Hammer Time
Avoid the stress and make your move before the auction. When the auctioneer's singsong voice is soaring higher, all eyes are on you and the agent is whispering sweet sales tactics in your ear, the stress levels of the coolest house-hunter can rise.
Interest Rates Inconsequential to Borrowers
Australians are gearing up to take on more debt, despite one in two households indicating that another rate hike would negatively impact their finances.
Mortgage Exit Fees Lower
New law aims to put clamp on mortgage exit fees and has the teeth to back it up. Two-and-a-half years after Treasurer Wayne Swan promised to make it easier to switch home loans, it is about to become cheaper - but not for those who already have a mortgage.
Homebuilding Recovery to Stall : Hia
Renters and would-be buyers will find little relief in coming years as the house shortage persists. The recovery in the residential construction industry needed to relieve Australia's 200,000 house shortage will most likely stall next year as rising interest rates and a slump in demand take their toll, a housing lobby group says.
In Search of Capital Ideas.... ?
How best to add value to an ugly duckling is an issue faced by many buyers interested in appreciation. Real estate abounds with adages. A perennial is "buying the worst house in the best street". But it's extremely difficult to do because everyone has the same idea. The concept is essentially about potential and it's a word used often to advertise property.
Home Prices Chipping Away at Fairness: Ratings Executive
S&P credit ratings expert confirms the strength of the housing sector but questions the benefit of high home prices for society A managing director of a credit ratings agency responsible for scoring the quality of Australia's mortgage debt has questioned the social impact of the nation's soaring house prices, even while she confirms the strength of the sector.
Renovations That Can Add Value to Your Home
With property prices skyrocketing in the past year, many home owners may be thinking about using their equity to renovate. ABS data shows Sydney property prices increased 20 per cent, yet the Housing Industry Association says investments in renovations dropped. "In 2008 and 2009, the total investment in renovations in NSW declined by 5 per cent," says an economist with the HIA, Matthew King.
We Are Not in a Housing Bubble : Residex
Despite widespread speculation that Australia is in the midst of a housing bubble, Residex chief executive officer John Edwards has said this is not the case.
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