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The property market can change dramatically in the short space of a few months. At the close of 2012 and early 2013 we had buyers and sellers reluctant to engage in property. We now have 70per cent to 80per cent plus auction clearance rates during winter, homes selling in 36 days or quicker and prices exceeding agent, vendor and purchaser expectations.
It could be 2003 again. I admit I am getting older and my …
Prevailing low interest rates are making the returns available for commercial, industrial and retail property investments look attractive within the marketplace. A review of transactions across all sectors for the first six months of this year, allowing for settlements not yet recorded, confirms a steady level of transactions continuing on from the second half of 2012.
Again rates of return vary through each market although retail still retains the crown with tighter returns from …
Sydney provides the least affordable housing in Australia, however, it is also a market considered to provide the least volatility, offering a greater degree of resilience than its local and international counterparts.
Opinion is divided regarding the outlook for Sydney’s residential housing market in 2013. However, experts agree that interest rates will be the driving force for the market as the year unfolds.
Many mid-priced suburbs are considered to have reached their price trough in 2011, while …
The cost of stamp duty on purchases is increasing. The average stamp duty cost on a property purchased inNew South Walesin 2012 was $20,134. This is an increase of 5o per cent when compared with the average cost only five years ago. According to the Australian Bureau of Statistics (ABS),New South Wales’ median house price was $605,000 in September 2012 – only 22 per cent higher than the June 2006 median, which was $495,000.
by Chris White, Prosper Group
Many property investors have always regarded buying a Sydney Investment Property as one of the best and quickest methods to build personal wealth. Let’s take a look at why.
1. There is good potential for capital growth, generating equity and allowing for further investment. Many investors have seen their Sydney investment property double in value every 7 to 10 years.
2. Property is a tangible asset which is widely accepted by the finance …
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Terence Clarke recently took the plunge and moved interstate from Melbourne to Sydney with his partner. Moving interstate is different to moving suburbs and presents a new set of changes to overcome. But with some careful planning and tips from Terence, it doesn’t need to be as stressful as you fear.
Twenty thirteen. A change of government, a bouncy dollar and a consistently low cash rate made for a financially interesting year. Here’s a home finance snapshot of the year that was.
Last Friday at the Australian Mortgage Awards (AMA’s), Loan Market was awarded the Best Community Engagement award in recognition of it’s HOPE (Help Open People’s Eyes) program and it’s contribution to those Australian’s who don’t have a safe place to sleep.
At the upcoming Australian Mortgage Awards at the Star Casino in Sydney, 10 Loan Market brokers and corporate staff members have been selected as finalists in categories recognising business excellence, customer service and community engagement.
The annual awards hosted by Key Media are the result of a process that begun in March and will be announced October 18th in front of an estimated crowd of 700 industry peers.
Leading the way for nominations is Loan …