Homeowners face lower property values due to climate change Homeowners face lower property values due to climate change Sydney’s coastal homeowners face their property values being reduced, as the future risk of increasingly extreme weather events grows, a climate risk consultant says. Dr Karl Mallon, director of science and systems for Sydney-based consultants Climate Risk told The Sydney Morning Herald that there are “potentially millions and millions of dollars of revaluation that has to happen in […] Read More
Gentrification: how it can impact property prices and some current Sydney hotspots Gentrification: how it can impact property prices and some current Sydney hotspots ORIGINAL BLOG: Investors are always looking for the next ‘hot spot’ and while many people may have missed the boat on Sydney’s inner city areas, there are still affordable suburbs further out that are showing the early signs of gentrification. Gentrification refers to the migration of higher income households to lower income neighbourhoods where the […] Read More
Red-hot Sydney property market hits highest clearance rate in more than a year Red-hot Sydney property market hits highest clearance rate in more than a year The Sydney property market continues to surprise with the auction of a Birchgrove terrace on Saturday fetching well above its reserve. The auction of a Birchgrove terrace on Saturday was rapid, abrupt and left punters gasping for breath, according to Domain. The two-bedroom artist’s haven in the peaceful inner west enclave sold for $1,482,000 – $132,000 […] Read More
New way for renters to ‘try before you buy’ New way for renters to ‘try before you buy’ Web portal Rent.com.au has joined forces with Airbnb, partnering to encourage renters to ‘try before you buy’ by test driving a new neighbourhood before signing a rental lease. With a growing number of Australians opting to rent as a conscious lifestyle choice, Rent.com.au and Airbnb have signed an agreement that would allow renters the ability […] Read More
Property investor surge could see regulator step in, economists say Property investor surge could see regulator step in, economists say A continuing surge in property investment is threatening future action from the banking regulator, economists have warned. The total value of investment housing commitments increased 3.2 per cent on a seasonally adjusted basis over June, Australian Bureau of Statistics Housing Finance data shows, according to a Domain article. This followed a 5.3 per cent increase in investor housing […] Read More
Kareela is most liveable suburb in Shire Kareela is most liveable suburb in Shire Kareela and Bardwell Park are the most liveable suburbs in St George and Sutherland Shire, a new study reveals. Domain has ranked 555 Sydney suburbs based on 16 liveability factors including transport, education, traffic, views, cafes and restaurants, proximity to employment hubs and access to the beach and parks. Kareela came out on top in the […] Read More
Original blog: What does a unit oversupply mean for the property investor? Original blog: What does a unit oversupply mean for the property investor? There has been much media noise over the last few months about whether there is an oversupply of apartments across Sydney and the long-term effects on pricing and valuations. While reports are conflicting, the consensus seems to be that there are warning signs of an apartment glut, especially in inner city Sydney. According to a […] Read More
Developers turn their attention to golf course estates Developers turn their attention to golf course estates At the same time as housing demand continues, governments and developers have turned their attention to the valuable real estate owned by golf clubs. Sydney alone has 38 square kilometres of land devoted to the sport. With 91 courses in its metropolitan area, Sydney has more land dedicated to golf than any other major city […] Read More
Brexit could reel in more foreign investors for Australia Brexit could reel in more foreign investors for Australia Brexit is likely to channel more foreign investors to Australia property experts say. REA Group Chief Economist Nerida Conisbee says for offshore investors looking for a safe place to park their money, Australia is coming out as a sparkling first choice in the midst of the Brexit turmoil. Despite a significant drop-off of foreign investment activity, […] Read More
Properties discounted in pockets of Sydney’s west Properties discounted in pockets of Sydney’s west Shrewd property buyers have bagged homes for discounts of more than $1 million by targeting properties in a belt of suburbs stretching from Bankstown through Canterbury to Holroyd. Buyers in these regions negotiated average discounts of between 10 and 20 per cent off the advertised price of houses over the past year, defying skyrocketing house […] Read More