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25.01.2022 SHOULD YOU FIX YOUR INTEREST RATE ON YOUR HOME LOAN ???? I have been looking around and the best 3-year fixed rate I came across was around 4.8% but this was the headline rate. after looking at it closely it was actually a 5.3% rate once you add in all of the fees and charges. Maybe these these could go a bit lower but the fall in the Australian Dollar could stop the RBA from cutting rates again, though many economists think another cut is coming. ... Keep in mind the RBA does not influence fixed rates like they do with variable rates. Who knows if another fixed rate cut fixed rate cut could come but that is anyone's guess. The problem with a three-year fixed rate is that when you come off this after three years, I think interest rates will be rising and so if you know you wont move for five years then a five-year fix might be a good idea. Five-year fixed rates have a comparison rate of about 5.6%. But be careful and before locking up a loan find out what the break costs would be if you decide to sell the home after three years or so. Also remember most fixed loans wont let you pay down the loan as windfalls come along. Could be a touch of luck, but you must remember everyone's situation is different and what may suit one investor, maybe no good for another. Good luck working this out.....

25.01.2022 Is Australias Housing Market Out Of The Woods? This article is by Leigh Warner a Director of Research and Consulting for Jones Lang LaSalle, based in Brisbane, Australia. It is another view on the Australian Housing Market in comparison to other views out there. As written by Leigh Warner,,,,...Continue reading

25.01.2022 Housing Starts are Falling - But they will rebound shortly. Highlighting the challenges ahead for the new home building industry, new ABS housing data has revealed a further decline in dwelling commencements for the March 2013 quarter. In an article by the Housing Industry Association says the March quarter fall in dwelling commencements (housing starts) and the ABSs upward revisions to the 200912 period were anticipated.... Even allowing for a higher GFC stimulus-induced peak in 2010, the subsequent drop in dwelling commencements over 2011 and 2012 remains significant, Dr Harley Dale, chief economist at the HIA, said. The further decline of 5.5 per cent in dwelling commencements in the March 2013 quarter reinforces how much work lies ahead to ensure a new home building recovery is both sustainable and of a magnitude that reflects Australias housing and wider economic needs. According to Dale, the number of dwelling commencements decreased in five out of six states in the first quarter of 2013, while New South Wales recorded a flat result. On a six-month annualised basis, dwelling commencements continue to track well below the housing requirements of the population in New South Wales, Queensland, South Australia, Western Australia and the Northern Territory. Granted, the lagged impact of lower interest rates combined with the competitive nature of the new home building sector should deliver some recovery in new home starts in mid-2013, he said. Given the unimproved sales are up over 40% in the 6 months to March 2013 - I do expect housing starts to rebound very strongly in the next 6 months. Watch this space......

24.01.2022 Housing Update - I like reading these reports on housing. And you should too... Click onto the following; http://www.domain.com.au//APM-July13-HousingMarketReport-F

23.01.2022 INTEREST RATES COMPARISON - The Cheapest Interest Rates Available on the Market by comparison. I tip these to change when the RBA meets next. down is my tip...... Lets wait and see but what are you paying... Lowest variable rate offerings: Provider Rate Comparison rate* Smart finance 4.69% 5.02% State Custodians 4.74% 5.11% Loans.com.au 4.75% 4.77% Lowest one-year fixed-rate offerings Provider Rate Comparison rate* Greater Building Society 4.39% 5.47% Newcastle Permanent 4.39% 5.66% iMortgage.com.au 4.67% 5.26% Lowest three-year fixed-rate offerings Provider Rate Comparison rate* HomeloanHQ 4.69% 5.19% UBank 4.73% 4.97% Resi Home Loans 4.78% 5.54% *A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure. www.priceandspeed.com/housing-modular/

23.01.2022 http://www.youtube.com/watch?v=aMUi6kT_G3o

23.01.2022 If asylum seekers can have decent housing why can't the homeless be looked after the same way ???? The government should be subsidising the cost of housing to allow an increase in construction of Granny Flats by investors. In this instance the subsidy should only be allowed on the basis it is for the homeless and needy. What do you think?... http://www.dailytelegraph.com.au//story-fngr8h0p-122667744

20.01.2022 The MOTHER of all BUILDING BOOMS is about to commence According to Robert Gottliebsen who is forecasting the "mother of all dwelling booms" driven by property investors. He wrote an article in the Business Spectator recently;... "Australians are going to rush for bricks and mortar," he forecast pinpointing a three-pronged expected boost to prices as a very low interest rate environment encourages investors to pull back on saving in favour of borrowing and spending. "First is a dramatic push to lift the demand for dwellings by banks offering cut mortgage rates thanks to Reserve Bank Governor Glenn Stevens. "But second, and just as importantly, there is reluctance by banks to fund new supply. "In any commodity if you inflate demand and squeeze supply, prices go through the roof. "Thirdly taxpayers will subsidise the boom via a massive increase in the use of negative gearing via both personal and superannuation tax breaks. "Longer term, that will damage the economy and the Reserve Bank will have to take responsibility for pulling the price boom trigger," he wrote on Business Spectator. He says most of the demand will be from investors, including those using their self-managed funds, plus the Chinese. "First home buyers will obviously contribute at the lower end." Rather than buy shares, "Australians are going to rush for bricks and mortar as they always have in situations like this. "And when they see the market about to rise they just jump in." "When you see a rush of demand, what you need is supply. Given that the main demand is in inner city areas supply takes a long while to generate. "Banks are reluctant to lend to developers especially given recent failures and the approval process is very slow."

19.01.2022 THE BABY BOOMERS ARE COMING !!!!! A resurgent housing market is allowing empty-nesters to sell off their large family homes and enjoy a more relaxed lifestyle in a smaller property. Downsizing without comprising the lifestyle !!! What they want !!!!!!... With the first group of baby boomers turning 65 this year, McGrath Estate Agents chief executive John McGrath says demand for apartments can only grow. He says downsizers are looking for smaller, low-maintenance properties preferably on one level. They want security and a lock-up-and-leave set-up. In Sydney, they want to be close the action, in suburbs like Pyrmont and Kirribilli. Outside Sydney Think sea change or tree change - the downsizer hot spots out of the city are on the coast or in the mountains. John McGrath predicts that increasing demand will lead to price growth in places such as Port Macquarie and the Blue Mountains. Bowral in the southern highlands will also be popular. If apartments are scarce, he says character cottages will be snapped up. Downsizer data There are 1.8 million people aged 55 and over living in NSW. Of those, 56 per cent aged over 65 live in the greater Sydney region. Coastal suburbs and hamlets remain the most popular place of residence for downsizers. Nine out of 10 of the locations with the highest concentration of residents aged over 65 are on the coast. Source: REINSW and the 2011 census

18.01.2022 PROPERTY INCREASE AFTER THE FEDERAL ELECTION !!! In my opinion it won't matter who wins the election as long as each party can govern in its own right. Prices will increase and confidence in the property market will grow at a more rapid pace after the federal election. It must be is a decisive victory for either the Coalition or the Labor Party. Property markets do not operate confidently in hung parliaments. It is simply not good for Australia or property investors in genera...l. We need a government that can make a decisive decision without having to pander to individual members of parliament. There is no doubt that consumer confidence is improving in the property market but business confidence is still very inconsistent. So bring on the election for the benefit of all Australians KEVIN - 747. If Rudd is still in power then..........

17.01.2022 CHINA BUYING AUSSIE PROPERTY MORE THEN EVER In comparison to previous years, Chinese investment in Australian commercial property is surging ahead in 2013. According to Colliers Internationals 2013 Australian Capital Markets report, Chinese investment has totalled $201 million in the first four months of this year, compared with $122 million for the whole of 2012 and $137 million in 2011. China has been actively investing or seeking to invest in mineral exploration and the ...development sector for some time, but more recently, real estate has emerged as a major category for investment, the report says. During the last three years, proposed foreign investment in Australia by China in the real estate sector has grown by almost 75 per cent, while proposed foreign investment in mineral exploration and development has declined by around 14 per cent. See more

16.01.2022 Sydney Clearances Rates still over 70% It's an indication the Sydney property market is holding strong with auction clearance rates over the past few months around the 70% mark. Quite amazing given the political turmoil in Australia and the fact that the rest of the world still not good economically. America & Europe are still baskets cases and if I wasn't for our geographically position being in South East Asia we would probably be the same as the other western economies. I...ts just that the Asians don't trust their own governments and seek to invest their personal wealth in Australia. In my view as a result driving the value of the real estate. I just can't see any change to this for the next 2 - 3 years. If you are thinking of investing in real estate - move now or miss out. http://www.news.com.au//a-str/story-fnd91nhy-1226672404276

15.01.2022 PYRMONT - FROM "SCUM" TO CLASS Much has been written on the Sydney suburb of Pyrmont this week and for those of us whom have been raised in Sydney will understand how this once old and run down suburb presented itself. It was the cheap and "scummy" end of town. HOW TIMES HAVE CHANGED !!! A new casino, a new beginning!!... This small suburb of Pyrmont (in sq.m) has seen a massive increase in the number of apartments in 1996 from 2,300 apartments to 9,500 apartments in 2013. Keep in mind the actual size of Pyrmont and don't include this in the suburb of Ultimo. You will quickly realise it all about building upwards. Going up has advantages for governments particularly on infrastructure cost. i.e water, sewer and electrical costs. This has occurred whilst the suburb has maintained strong occupancy levels, strong rent growth and solid price growth during the period. Their is definitely a preference for city living and in my view I can see this continuing for the next 15 years with the expansion of the light rail network. Transport experts continually remind us that the most efficient way to move masses amounts of people from one location to another is only via rail. The only. For property investors - these are the areas to keep an eye on where the light rail network runs thru. Property cycles come and go, but the accessibility into the Sydney CBD, the lifestyle it offers and the services in the surrounding inner city areas will continue to underwrite the long term demand for inner Sydney apartments in the future. Off the plan sales will explode" in the coming 3 years in the city, inner city and the South Sydney areas. Given 2,500 apartments were completed on average per annum over 1996/97 to 2005/06, and then apartment supply fell to around 1,600 new apartments per annum over 2006/07 to 2012/13 there is no question about the lack of stock and where this is heading. Prymont - the "scum" is gone and the class has taken over !!!!

15.01.2022 FIXED v's VARIABLE INTEREST RATES Read the following article by Mark Bouris Monday, 24 June 2013 ...Continue reading

14.01.2022 PROPERTY PRICES MIGHT RISE 25% ON THE EAST COAST I have just read an article by Michael Matusik of Matusik Property Insights outlining seven reasons why prices might rise 25% in selected Australian east coast cities over next three years. Moody's are now issuing caution on the Australia residential market. They have been doing so for the last 5 years and it was all doom and gloom when Moody's issued their forecasts. Yes the residential property didn't grow and it went sid...e ways in some areas and slightly back in some. But it did fall apart. One thing is for sure - it's set to go up !!!! Michael Matusik outlines why he bullish the residential property market along the east coast of Australia might rise by 25% in cities as Sydney, Melbourne and south-east Queensland. Michael has several reasons for being so and include:"" 1. Undersupply of new housing stock, especially in New South Wales and Queensland. 2. Declining interest rates in concert with low bank loan to value ratios and our current high saving rate. 3. Expanding population. 4. Tight vacancy rate. 5. Lower Australian dollar. 6. Declining stock listed for sale; less private treaty discounting and shorter time on market plus increasing sales volumes. 7. Rising confidence i.e. The Westpac/Melbourne Institutes good time to buy a dwelling index which is close to its pre-GFC high. Australian property is now close to 20% cheaper than it was six months ago. Chinese money is looking for an investment home, especially as their home economy declines and restructures. According to a recent survey by NAB, foreign buyers of new Australian residential property have doubled in the last two years. Foreign buyers now buy one in every eight new homes sold in Australia, up from about 5% in 2011. We are surely about to enter another residential upturn which will begin after the September 7 federal elections and Michael Matsuik believes it could last for 3 years !!!! "I dont really know how much they will increase in the next, say, three years, but by as much as 25% isnt beyond the realm of possibility." Lets wait and see where it all ends up.

14.01.2022 SELLING AIR SPACE ABOVE THE BUS STOP The NSW Government must be doing it tough when it starts selling air space. Sell the air if not the land. The NSW State Government plans to sell airspace above 13 depot bus stations from Randwick to Mona Vale. ... The government believes it will allow billions of dollars worth of residential, retail and office development. What's the value of your bus stop...........

14.01.2022 Sydney Property Strong for the Next 3 years According to BIS Shrapnel the improvement in property markets since late 2012 should continue over the next three years. In its Residential Property Prospects 2013-2016 report that New South Wales and Queensland will be growth leaders. ... The emerging growth in Western Australian and the Northern Territory is likely to continue in the short-term, but with some concern that their economies may weaken if the resources sector slows. But with the Australian Dollar likely to stabilize around the $0.90c mark this should make Australia resources more competitive in the near future. Report author Angie Zigomanis says the general rise in markets has been generated by lower interest rates with the official cash rate falling 200 basis points since October 2011. Angie Zigomanis says key residential market indicators are improving in an upward direction. In my view this all leads to a strong rental and investment market in NSW. The signs are there !!!! For more information on how we can help your investment property grow call us on 1800 817 544 or go to our website www.priceandspeed.com/modular-housing/

14.01.2022 Should Sydney gets its 2nd Airport before it gets it 2nd Casino ??? Vote online http://www.propertyobserver.com.au//should-/2013070462996

13.01.2022 YOU MIGHT FIND THIS INTERESTING !!!! Residential Land Values and NOT improved land is an interesting statistic. Current research indicates land sales (unimproved) increased 4.3% nationally in the March quarter.... Residential land sales in Sydney increased by 42% in the six months to the end of March 2013. That is massive over a 6 month period in comparison to the corresponding period last year. Will this lead to a building bonanza in the detached housing market ???? WATCH THIS SPACE !!!!! The median lot price in Sydney is $285,000, and $549 on a rate per square metre basis. I wouldn't look into this figure to much as the land value will vary according to the location, but what won't vary too much is construction cost (mainly materials) if it is in the same region. That is if the building works is in the Sydney Metropolitan Area the cost difference is minimal. What does all this mean ? Let's talk in 12 months time about this topic.

13.01.2022 HOUSING LEVELS FALL TO A NEW LOW !!! SYDNEY THE WORSE IN YEARS According to SQM Research residential property listings across Australia fell in June with national stock levels decreasing by 5.3% to a total of 358,882.... SQM quotes says Australia has seen a massive fall in stock, year-on-year down to 5.4% across the country with every capital city recording yearly decreases. The majority of monthly falls in capital cities can be attributed to seasonal influences with the research revealed that Sydneys monthly decline of 14.6% in stock went pass this level with the stock levels of the city going back to levels in 2009. Given this monthly fall of 14.6% and Sydney recording a 23.1% yearly decrease in stock, SQM Research warned of a shortage of residential sale listings in the Sydney market. I believe that, overall, the national housing market still remains well supplied with current listings. However, Sydney is turning out to be a clear exception, said Louis Christopher, managing director of SQM Research. When you consider the long-term chart, Sydney is approaching the 2009 lows and this fits with other measurements indicating a strengthening housing market for that capital city. If this continues then we will see substantial rises in property values.

12.01.2022 NSW FACES HOUSING SHORTAGE CRISIS !!! We keep hearing time and time again that NSW is facing a serious shortage of housing. And what is the government doing about this? Wasting billions of dollars supporting boat people. All this money could be used to subsidise the housing costs and provide incentives to investors to help the housing crisis facing NSW. In 2011 figures supplied by the National Housing Supply Council listed the NSW housing shortfall as the largest in Australia... at 73,700. Who knows what it is now but it must be fast approaching 100,000. Granny flats are one of the easiest and simplest way to help ease this crisis. All forms of governments need to work together to provide incentives to investors, carers and property owners to encourage this type of housing. Some local councils in Sydney have got to relax some of their planning restrictions on Granny Flats. Many property owners build granny flats to care for their age parents etc.. By doing this governments have got to understand the benefits that this brings to the tax payers of Australia by governments not having to provide additional age care facilities. The savings are enormous!!!! Pressure your council to support granny flats.

12.01.2022 HOW NOT TO RENT TO DRUG MAKERS I came across this article yesterday and it is worth reading. I have pasted the entire article word for word. Author: Anthony Keane... The Advertiser May 19, 2012 12:00AM Landlords can reduce the risk of drug labs in their property by making regular inspections. TODAY'S topic might totally freak out a few real estate investors. Drugs, specifically drug laboratories and hydroponic set-ups within your rental property, can wreck your day. Hundreds of drug labs are discovered each year in Australia and they can cost landlords thousands of dollars in repairs or lost rent. Those watchful folks at Terri Scheer Insurance say drug makers will often target rental properties but there are ways to protect your property. Terri Scheer's top five drug-detection and prevention tips for landlords are: - Avoid secluded locations. High fences, dense foliage and no windows visible from the street can help sneaky people be sneaky. - Conduct property inspections quarterly and look for signs the property is being lived in; drug manufacturers often don't live at the properties they use to cultivate crops. - Look for unusual items that might not appear to have a practical use, such as rubber tubing, drums, chemical containers, fertiliser and lots of cough and allergy medicines. - Use your nose. Drug manufacturing can cause unpleasant fumes and chemical odours that can often be smelled from the street. - Check for modifications, such as the meter board being tampered with, holes in the ceiling or windows being constantly covered or sealed. If a tenant refuses you entry to a bedroom ("my grandma's sleeping in there"), warning bells should start ringing. Remember that it's not always drug-making operations that will damage your property. Regular loud parties, a menagerie of pets at the property or indoor darts tournaments without dart boards can cost you plenty. If you can strike up a relationship with nosy neighbours, that can help you keep an eye on things. Otherwise find a good property manager or take an active interest in your tenants (without being seen as a stalker). A few acts of random kindness - such as small gifts at Christmas or Easter or making unexpected improvements - can dramatically improve your relationship with most, but not all, tenants. A good landlord insurance policy is also vital to protect you against wilful and accidental damage from tenants plus those who skip town without paying their rent. If you are struck by the bad luck of bad tenants, don't take it personally. Chances are they're not doing it to attack you - they're just idiots. And don't be freaked out to find a clandestine drug laboratory in your prized investment property. It can happen to any landlord. The key is to be prepared, be protected from financial loss and be on the lookout for signs of trouble.

10.01.2022 Terry Ryde's Hot Spots IF you dream of buying into the next property boom spot but don't have the cash, things are looking up. Nine regional areas across Australia - some where the median house price is less than $200,000 - present the best opportunities for double-digit property growth, according to research by one of nation's leading property commentators.... See the attached article but here are some of the suburbs mentioned Gloucester NSW Gloucester is a quiet country town in the Hunter Region of NSW. Most residents would like it to stay that way. But the town and its market will change if coal and gas companies have their way. Hervey Bay Qld Hervey Bay has been a population growth star but has seen little capital growth for several years because of oversupply. A resurgence may occur if FIFO workers continue to target Hervey Bay for its affordable lifestyle. Rouse Hill NSW The suburbs of Sydney's northwest, like most in the city, have mediocre growth rates. But that may change if the NSW Government delivers the promised $8 billion North West Rail Link to the area. WollongongNSW Wollongong's economy, traditionally based on manufacturing enterprises, has been hit by business closures and downsizing. The city is fighting back and its future depends on efforts to diversify into new ventures. The city is now staging a comeback, boosted by a number of major projects. Read more: http://www.news.com.au//terr/story-fncq3gat-1226674904976

09.01.2022 WANT TO EARN SOME EXTRA MONEY ????? Don't overlook the potential of a granny flat. Granny flats are becoming more and more popular in Australian backyards as clever investors tap into an income stream which is far better then leaving your money in the bank.... If you are planning a renovation to add value to your existing home then most Australians will invest in a nice big deck, balconies or a swimming pool. Home owners and investors often overlook the humble granny flat as a means of gaining a real return in the backyard of their primary residence or in their investment property. In NSW the process easy to gain approval to build a granny flat. Granny flats come under the NSW government affordable housing scheme, meaning many existing regulations that often act as a disincentive to build do not apply. Now minimum rules and planning laws are applicable for granny flats up to 60m2. In Sydney this investment strategy is really starting to take off. A property which recently added a granny flat in addition to the house was able to achieve a consolidated income of $900 per week. The standalone house was only able to achieve $500 per week and with the cost to add this secondary dwelling at approximately $100,000, an income of $400 per week for the granny flat represents a return on investment of over 20%. The granny flat not only poses great benefits as far as rental yield. The value of this asset would have increased due to the yield on the combined property.

08.01.2022 http://smh.domain.com.au//its-unanimous-sydney-property-on

07.01.2022 What are the critical factors that can ramp up or turn off a property revival ? I like this interview. Worth watching. http://www.switzer.com.au/video/christopher-20130709/

07.01.2022 Sydney Auction Clearance Rates Nearly 80% Industry sources state Sydney has recorded the highest housing auction clearance rate in four years, achieving 79.7% over the weekend. In Melbourne Auction Clearance Rate Result over the weekend were 67.3% up from 65.8% from the previous weekend.... It moving no doubt about it. Don't miss out.

04.01.2022 Australian Property - The only way is UP !!! I can't quite believe some of the articles I came across about a forecasted property market crash relating to housing. Are they real !!!!! The mob called "Moodys" is an international ratings agency who continue to throw caution on the Australia residential market. They have been for years and haven't got their predictions right. Moody's forecasted 5 years ago our property would crash. Yes it slowed, it levelled and went sideways. ...But their was no crash as Moody's forecasted. Someone in government needs to explain to Moody's the operation of the Australia property cycle and how the Australian Banking System operates. What is clear in my mind are that the general terms and conditions of a standard mortgage in Australia is different (was) to that in Europe or the US. Non-recourse loans are rare in Australia, but were (are) common is the US. Australia's regulated banking system was the fundamental reason why Australia came thru the GFC in reasonably sound condition in comparison to Europe and the US. All these countries had AAA ratings but their banking systems were poorly regulated and managed. Pretty simple - if a large portion of banks loans are non-recourse, then its pretty hard to mitigate risk if some goes wrong in the market. Sub-prime loans really meant sub-standard loans. And as they say the rest is history....... I'll tell you why I am upbeat about the residential property in Australia and more so in Sydney ?????? I'll tell you why.... 1. Massive undersupply of new housing stock in New South Wales & Queensland. 2. Interest rates keep falling to new lows. Loan serviceability increase and your LVR's decrease as mortgage holders want to pay off their loans quicker. 3. Our population keeps increasing. Think about it. If 25 years ago the average family size consisted of 2 adults and 3 kids and today its 2 and 2, then you need more houses in percentage terms just on that statistic alone. 4. The tight rental market. 5. The lower Australian dollar encourages more foreign buyers to enter our market. 6. A decline in property listed for sale and shorter selling times. Auction clearance rates in Sydney have average over 80% for almost 2 months. That is a worry because if you are selling to purchase another property for lifestyle reason, ensure you plan your purchase before you sell. How many people do you know who have in the past sold and been left behind due to the quick moving property market. Don't get caught out!!!! 7.The confidence is on the way up. They are my views............

04.01.2022 Do you rent your investment property to family or friends? Do you Understand tax costs of family tenants? ... Many landlords fail to consider the tax consequences of letting family and friends stay for a few weeks a year in an investment property without paying rent or paying a below-market rate. Deductions are not allowed when family or friends occupy the investment property without paying rent. And if a below-market rent was charged, you are not entitled to full deductions for costs. The above is typical for holiday apartments. Be careful how you do this. For any advice call me on 1800 817 544 www.priceandspeed.com.au/housing-modular/

04.01.2022 MELBOURNE WAY AHEAD OF SYDNEY I read in todays paper that an estimated 13,630 new apartments will be added to Melbourne's inner city and city fringe by year ending 2014. This is compared with 6,365 apartments will be added to Sydney's supply over the same period.... YOU MAY ASK WHY ???? Apparently the discrepancy between the Melbourne and Sydney is largely attributed to foreign developers being attracted to Melbourne's clearer planning processes and the relatively cheaper prices for development sites. Will the NSW Government please wake up and open the doors for business..........

03.01.2022 How to Use Your SMSF property investment to create Passive Income Since they were first introduced in 1999, the popularity of running Self Managed Super Funds (SMSFs) has spiked. Nowadays over 500,000 SMSFs hold almost $500bn of assets. Part of the reason for this trend is that people can use these funds to either take the first step on the property ladder or to add to their property portfolios....Continue reading

02.01.2022 SYDNEY HOUSING OUTLOOK TO STAY STRONG This is a good article to read. There are many signs that indicate Sydney property prices will hold and increase in the near future. I still believe the low housing supply factor will be a major reason that property prices will hold and increase. Anyway have a read of the attached article.... http://www.propertyobserver.com.au//some-pa/2013072263474

02.01.2022 WESTPAC - IT DOESN'T GET BETTER FOR SYDNEY !!!!! The Westpac - Melbourne Institute House Price Expectations Index research believes almost to 60% of the respondents expect house prices to rise in the next 12mths, whilst approximately 30% expect house prices to remain stable. This is against 12% of the respondents who expect prices to fall. New South Wales remains the strongest of all states with optimism with over 66% of purchasers expect house prices to rise. ... Westpac senior economist Matthew Hassan says the up/same/down mix of 58/30/12 is signicantly more positive than the 47/32/21 reading averaged in 2012. "Although there is a clear consensus that prices will rise, few expect double-digit price growth, with just 8% expecting a 10% plus rise," says Hassan All this in my view is being driven by the strong Asian economies in our region as the smart Asian investor sees the Australian economy despite it's issues as a safe option compared to the European and the North American economies.

02.01.2022 A snapshot of the young city dwellers. Who is buying what. I like this article and it is worth reading. http://www.propertyobserver.com.au//a-snaps/2013070162865

01.01.2022 Will Sydney House Price Median to hit $700,000 by Xmas 2013 ??? I have read an article that Australian Property Monitors senior economist Dr Andrew Wilson predicts Sydney residential price growth is set to exceed 7% and could reach 10% over the next 12 months. Dr Andrew Wilson expects prices will steadily increase until the Christmas break. He believes that the median price for Sydney houses will exceed $700,000. Wow !!! The $1m mark is not that far away now. I would hate to ...think what that means for our kids etc, when they want to purchase in Sydney to stay close to family. He even suggests the median price for Sydney units will exceed $500,000. APM have Sydney house prices up 2.7% over the June quarter and 6.1% over the year to a median of $694,064. APM have Sydney unit prices up 2.4% over the June quarter and 4.9% over the year to a median of $491,845. Is now the time to start planning the purchase of your kids property???? Or do you accept that your kids will need to move further away to be able to purchase their dream home like we did ??

01.01.2022 http://aca.ninemsn.com.au/article.aspx?id=8691996