Viewing by month: July 2012
The Australian Bureau of Statistics (ABS) recently reported that approvals for new dwellings rose by 27.3 per cent in May, in seasonally adjusted terms, following a 7.6 per cent drop in June.
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Unlike other forms of investment, real estate is unique in that prospective purchasers are more susceptible to becoming emotionally invested in the asset itself. ...Read complete post
With the Reserve Bank electing to hold the official cash rate over July and RP Data-Rismark reporting that national housing values jumped one per cent in June, some investors may be looking...Read complete post
According to RP Data’s latest Property Pulse report the total number of rental property listings across Australian capital cities increased 6.8 per cent over the year ending July 8...Read complete post
At its monthly meeting in Sydney, the Reserve Bank of
Australia (RBA) elected to hold the official cash rate at 3.5 per cent. CENTURY
21 expects the decision to have a relatively stabilising impact on the
residential property market in a time marked by economic transition and
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Back-to back interest
rate cuts have helped to restimulate Australia’s residential property market,
with the RP-Data-Rismark Home Value
Index recording an average one per cent increase in home values over the month
of June – the biggest monthly jump the Index has seen in over two years...Read complete post
As investors or prospective property buyers, it is important to be in a position to act quickly when attractive purchase opportunities arise. To this end, I’d like to share with you the following piece provided by CENTURY 21 Home Loans, which appeared in the May 2012 issue of CENTURY 21 Wentworth’s Property Investor.
Forward planning essential for investors
For many investors looking to build up their property portfolios, financing will likely be a key consideration...Read complete post
With the Australian property market as a whole having seen stagnant or depressed growth this year, some prospective vendors may be looking for cost efficient ways to increase the value and marketability of their properties.
It is not uncommon for people to renovate, or ‘spruce up’, a property before selling it. However, the dilemma that many vendors come across is in knowing where to invest to add value and come out ahead in the sales prices that they achieve.
Given such,...Read complete post