National house rents are 2.6% higher at $400 per week, while unit rents are 1.3% higher over the year, currently sitting at $390 per week. CoreLogic RP Data has noted across the combined capital cities, rental growth has been more moderate, with house and unit rents up 1.2% to $435 per week and $415 per…
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Without a shadow of a doubt the most asked question in Sydney real estate circles at the moment is – do you try and buy now or wait for ‘that’ market correction? The simple answer is ‘that’ market correction may be years off, with some niche markets in all probability not even facing a correction.…
Over the past 15 years or so there have been many articles about an apparent “property bubble” in Australia. Some have made very valid points, others have been pure Mary Poppins stuff. There has been further debate this week about the role of credit in asset price inflation which cited declining populations (within towns which…
Any Sydney property correction will be one of stagnation not a short sharp drop, the Melbourne buyer’s agent Richard Wakelin has forecast. Describing the run-up in Sydney prices as “rational”, the director of Wakelin Property Advisory suggests it was “reasonable to assume they will stop pushing up prices once a point is reached where valuations can’t be…
CoreLogic RP Data have released the results from their home value index up to the end of February. Despite prices continuing to rise in Sydney, rental yields fell to 3.6%. http://www.propertyobserver.com.au/forward-planning/investment-strategy/market-trends/40696-rental-yields-across-the-capital-cities-corelogic-rp-data.html
GUEST OBSERVATION Although ‘fad’ and ‘trend’ are considered synonyms, in practice they have very different meanings. A fad implies something fleeting and of little value that will pass soon without importance. Trends, however, while they might be equally temporary, can provide us with valuable insight about where something is heading. It’s therefore worthwhile for any Australian property investor to have a closer look at…
Business investment is unlikely to pick up even if the Reserve Bank is forced to slice interest rates to fresh lows in 2015, Credit Suisse says. The global financial services company predicts the RBA will cut the current cash rate by 50 basis points to two per cent next year. Equity strategist Hasan Tevfik says…