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Property Investment

September 8, 2014 4:39 pm

RP Data: 150,000 Homes Per Year Not Enough to Address Undersupply

2023-03-03T00:01:38+10:00

The Australian Residential Development Outlook shows an average of 150,000 dwellings built annually, but even that is not enough to address the current undersupply in the country, according to RP Data. Dwelling construction has been increasing, with an 180,000 forecast for the coming year. Construction costs have also been increasing, but the major hurdle is to address the shortage in housing. It is also important that an environment conducive for the property sector is laid out, as house prices continue to increase, rising unemployment rates and an expected increase in interest rates. Residential Development Council executive director Nick Proud suggests [...]

RP Data: 150,000 Homes Per Year Not Enough to Address Undersupply2023-03-03T00:01:38+10:00

July 24, 2014 3:52 pm

Sydney House Price Surges to $800,000

2023-03-03T00:01:38+10:00

Median house prices for Sydney have peaked to a record $811,837 from $787,000 the previous quarter, according to the Australian Property Monitor’s Quarterly House price report. Sydney’s house prices have been on an upswing, recording a $118,000 annual increase. The median price in Sydney was attributed to a strong performance from the south west for the past 6 months. Darwin finished at second with a median house price of $655,615 followed by Perth, Melbourne, Canberra, Brisbane, Adelaide and Hobart, which had the lowest median price at $329,186. Read more about this on the Property Observer website. [/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Sydney House Price Surges to $800,0002023-03-03T00:01:38+10:00

Another Financial Year Ends: Predictions For The Future

2023-03-03T00:01:38+10:00

The financial year has come to an end and it is but fitting that we provide you with predictions from top economists on what to expect for the year ahead. Sharemarket predictions. NAB Chief economist Alan Oster expects sharemarket success to continue after ending the financial year up by 12%. He is predicting a 10% increase, citing the relatively weak domestic demand as a factor. Consumer predictions. With major non – mining sectors still in the recovery phase, ANZ chief economist Warren Hogan believes that additional investments and jobs will trigger increased consumer confidence. He also points out that despite [...]

Another Financial Year Ends: Predictions For The Future2023-03-03T00:01:38+10:00

April 17, 2014 4:49 pm

First Home Buyers in Victoria Takes Another Hit

2023-03-03T00:01:40+10:00

First home buyers’ struggles continue as the latest data from the Australian Bureau of Statistics (ABS) show that first home buyer financing was at its lowest point in 23 years for Victoria. First home loans represented a mere 11.76% out of 1,402 dwellings financed. Several factors are pointed out as major deciding factors, including high property values, concession changes as well as the decision of most home buyers to rent. This major shift in the property sector has to be given serious attention, as more homes are built to accommodate investors rather than home owner occupiers. Read more about this [...]

First Home Buyers in Victoria Takes Another Hit2023-03-03T00:01:40+10:00

New Central Business District Plan in Sydney Criticized

2023-03-03T00:01:40+10:00

Parramatta has been known as a business district in metropolitan Sydney and has been considered a major government center since 2000 due to the transfer of government agencies and the NSW Police Force from the Sydney CBD. A new metropolis is planned to rival Parramatta, as Labor MP Ed Husic proposed an ambitious plan to create a new CBD in South West Sydney to relieve transport congestion. The proposal has yet to identify a location but is planned to be the second biggest CBD that will address urban bottlenecks. The plan is to create a CBD from the ground up, [...]

New Central Business District Plan in Sydney Criticized2023-03-03T00:01:40+10:00

March 11, 2014 12:09 pm

Property Investors in the Forbes Billionaire List

2023-03-03T00:01:41+10:00

Property Investors are making their presence felt in the latest Forbes Billionaires list. Globally, a total of 135 property tycoons are on the list, with 14 newcomers joining just this year. This only goes to show that the surge in property is a worldwide phenomenon. The top property tycoon on the list is Lee Shau Kee, a Chinese businessman and founder of Henderson Land Development with an estimated net worth of $19.6 billion. The Managing Director of Meriton Apartments is the richest Australian property investor with a net worth of $5 billion. 14 of the 20 richest property tycoons hail [...]

Property Investors in the Forbes Billionaire List2023-03-03T00:01:41+10:00

February 4, 2014 12:02 pm

Can You Still Afford to Buy Property

2023-03-03T00:01:41+10:00

Australian housing has been on the rise for the past years. With the strong demand for property, it is inevitable that house prices catch up. The median price of houses across Australia now stands at $575,000, with Sydney being the most expensive at $775,000, and Hobart as the least at $350,000. The median price has steadily increased, and for 2013 it rose by 9.8% from the previous year. Cameron Kusher, Senior Research Analyst at RP Data has 7 telltale reasons why Australian Housing is expensive. He points out that Australians are high earners compared to other countries. More than half [...]

Can You Still Afford to Buy Property2023-03-03T00:01:41+10:00

January 27, 2014 2:43 pm

How Important is Inflation for Property Investors?

2023-03-03T00:01:41+10:00

We’ve been hearing about the latest Inflation report ending at 2.7% for the past year, a little over the Reserve Bank’s expectation of 2%. But what really is Inflation and how does it affect your investments? Inflation is the increase in price for commodities over a period of time. The effects of Inflation become clearer once it is compared with other factors, one of which is the country’s currency. A sudden spike in inflation can cause values of goods to rise drastically, as opposed to a modest level that usually denotes a healthily growing economy. For property investors, inflation has [...]

How Important is Inflation for Property Investors?2023-03-03T00:01:41+10:00

Fitch: Australian Houses are the Most Expensive in the World

2023-03-03T00:01:41+10:00

Australian House Prices have shown limited growth, according to Global Ratings Agency Fitch. It is outlined that income levels are not at par with increasing house prices. Home value appreciation for the year is pegged at 4%, less than half of last year’s appreciation at 9.8%. The home price to income ratio is the major factor that is pulling down the nation in housing growth. Excluding inflation, Australian homes are the most expensive in the world, followed by Britain and Canada. The country is second overall in home price to income and GDP ratio. Home values are expected to increase [...]

Fitch: Australian Houses are the Most Expensive in the World2023-03-03T00:01:41+10:00

Fearless Forecast: The Best Capital Cities in 2014

2023-03-03T00:01:41+10:00

Experts give us a piece of their mind as they forecast the best capital city for this year based on last year’s trend. The majority of these market experts predict that 2014 will be a good year for Brisbane, arguing that 3 years ago, Brisbane and Sydney home values were nearly identical. But for the past year, median prices in Sydney have jumped to $750,000, compared to Brisbane’s $445,000. The rising price in Sydney will be a factor in reducing yields, as compared to other capital cities. Brisbane also leads all capital cities in Gross Rental Yields (4.6%for houses and [...]

Fearless Forecast: The Best Capital Cities in 20142023-03-03T00:01:41+10:00
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