In this week’s 2 minute property investment news video I talk about the rising interest rates and the booming Melbourne and Sydney markets.
Well by now you’ll know that the RBA left interest rates on hold in December and this is really no surprise.
But there are mixed signals ahead for our economy with stubborn unemployment figures, our dollar easing and more signs of moderating housing market activity.
Here’s a summary of the weekly key real estate market stats from RPData.
Some things you should keep an eye out for as a property investor include:
- New listings activity
- Capital city vendor discounting results
- Capital city auction statistics
- Median house & unit prices
- Mortgage market activity
- Capital city private treaty median prices
- Top ten sales over the past week
- Value Guide: Recent sales around the states & territories $500K – $700K
If you live or work in inner Sydney, you’ll only be too aware that the city is now well into a dwelling construction boom.
In particular, the inner city is seeing the building a new apartments aplenty.
The Reserve Bank will certainly be well pleased to see this, for part of their grand plan was for low interest rates to stimulate dwelling construction as the mining investment boom passes its peak and tails off.
And after years of weak supply, Sydney certainly needs the dwellings: the city’s population is increasing by more than 60,000 persons per annum.
The latest property market update from Residex founder John Edwards should bring Christmas cheer to real estate investors.
Read on as he explains that while rents are down there is capital growth in most capital cities and things are looking better than they have for a number of years. [Read more...]
Dwelling values across Australia’s capital cities increased by 0.1 per cent in November which was much lower than the increases of 1.6 per cent for September and 1.3 per cent for October.
Today’s release of the RP Data-Rismark International Home Value Index results for November showed moderate value growth across the combined capital cities over the month where home values rose by just 0.1 per cent.
As a property investors you obviously know that your outings, the costs of running your properties, can really eat into your profits.
Well you’re not the only one….
Spare a thought for the Queen who’s also having difficulty making ends meet.
Documents disclosed under the Freedom of Information Act reveal that in search of more money-saving schemes, the Queen’s deputy treasurer wrote to the Department for Culture, Media and Sport to ask whether the Royal Household would be eligible for a grant to replace four combined heat and power (CHP) units at Buckingham Palace and Windsor Castle. [Read more...]
One of the traits of successful property investors, business people and entrepreneurs is that they never stop learning. On the other hand the average Australian thinks his or her education stops when they leave school.
If you want to be successful, you’ll need to become a voracious learner.
Trouble is, the as you get older you’ll probably find that real learning takes more work.
The more you fill your brain with facts, figures, and experience, the less room you seem to have for new ideas and new thoughts.
The popularity of buyers’ agents has increased over the past few years. So much so, that many suburban sales agents are now turning their sales staff into dedicated buyers’ agents for their office.
With this new trend occurring in what is still a relatively unfamiliar area for many, questions are being raised about the role of a buyers’ agent and how they differ to a sales agent.
Buyers’ agents search, evaluate and negotiate the purchase of a property on behalf of a buyer, or they can commence work from the negotiation stage only if a buyer has already located a property.
The primary difference between a buyers’ agent and a traditional sales agent all comes down to who each party represents.