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North Shore
The promise of strong capital growth, low interest rates and a buoyant rental market are luring investors back to the lower north shore.
This buying group has been relatively inactive in the market in recent years. And this has presented a window of opportunity for first homebuyers, young families upsizing from apartments, as well as downsizers. as they have not had to compete with investors. McMahons Point is dominated by semis, apartments and terraces, and freestanding houses don’t often come up for sale. This one last traded in 2017 for $4 million, according to CoreLogic.
Mr Mukhi said the buyer had been looking at other parts of Sydney, and planned to hold the property as a retirement nest egg.
“They may decide to move there in the future,” he said. Continue reading at: x
Strong lower north shore market lures investors ba...
The promise of strong capital growth, low interest rates and a buoyant rental market are luring investors back to the lower north shore.
www.realestate.com.au
0 Reply
78 Views
20D ago
James
City
Australia’s property market was negatively impacted at the beginning of the pandemic. Millions of Australians lost their jobs or were thrown onto welfare, consumer confidence cratered, property inspections and auctions were stopped, and the 5-City CoreLogic dwelling values index fell between April and October 2020.
However, the subsequent rebound has been utterly spectacular, with all major capitals experiencing strong price growth. Sydney:
Sydney dwelling values initially fell 2.1%, bottoming on 13 October 2020.
Since then, Sydney values have rebounded 9.1% to be 6.7% higher than the pre-COVID level on 15 March 2020.
Melbourne:
Melbourne dwelling values initially fell very sharply, declining 5.9% to 18 October 2020.
Values have since rebounded strongly, rising 7.3% to be 1.0% higher than the pre-COVID level. Get details at: x
Aussie property's stunning COVID rebound - MacroBu...
Just over a year ago, COVID-19 was declared a global pandemic by the World Health Organization (WHO). A nation-wide lockdown ensued, which was followed by a further 14-week hard lockdown across Victor...
www.macrobusiness.com.au
0 Reply
17 Views
25D ago
John
Sydney
SQM Research has released its rental report for March, which reveals an extremely tight rental market outside of Sydney and Melbourne, which are suffering from high apartment vacancies from the collapse of international student arrivals.
According to SQM, the rise in rental vacancies in March was unusual and has not occurred since 2007. The monthly increase “was driven by increases in vacancies in Sydney as well as a reversal in some of the tight rental markets of regional Australia”. Sydney’s rental vacancy rate is less elevated and this is translated into smaller annual rental falls across the unit market and minor falls across houses: Get details at: x
Australia's two-speed rental market - MacroBusines...
SQM Research has released its rental report for March, which reveals an extremely tight rental market outside of Sydney and Melbourne, which are suffering from high apartment vacancies from the collap...
www.macrobusiness.com.au
0 Reply
24 Views
25D ago
Justprop Team member
City
Hobart recorded the highest quarterly rise in weekly house rents at 4.3 per cent, followed by Adelaide at 3.7 per cent, Perth at 3.6 per cent and Brisbane at 3.5 per cent. Meanwhile, Sydney, Canberra and Darwin remained stable.
Of all the capital cities, only Melbourne saw house rents decline by 2.3 per cent – making it the second most affordable capital city to rent a house for the first time on record, alongside Perth and behind Adelaide. “For the first time on record, Melbourne is the second most affordable capital city to rent a house, joint with Perth and behind Adelaide,” Domain’s senior research analyst, Dr Nicola Powell, said. But while Melbourne’s vacancies have declined in recent months, they remain 182 per cent higher than last year, according to Dr Powell. This was directly influenced by the reduction of demand as a result of international border closures, more tenants becoming home owners and city residents moving to lifestyle locations.
“Inner Melbourne units have felt the brunt, with rents now at 2010 levels after tumbling by $110 a week annually,” Dr Powell noted. Source: x
Melbourne becomes Australia’s 2nd most affordabl...
While most capital cities saw house rents soar to new record highs over the first quarter of 2021, Melbourne continued to lag behind – becoming the second most affordable capital city to rent in Aus...
www.smartpropertyinvestment.com.au
0 Reply
12 Views
26D ago
John
City
Australia’s property market was negatively impacted at the beginning of the pandemic. Millions of Australians lost their jobs or were thrown onto welfare, consumer confidence cratered, property inspections and auctions were stopped, and the 5-City CoreLogic dwelling values index fell between April and October 2020.
However, the subsequent rebound has been utterly spectacular, with all major capitals experiencing strong price growth. Sydney:
Sydney dwelling values initially fell 2.1%, bottoming on 13 October 2020.
Since then, Sydney values have rebounded 9.1% to be 6.7% higher than the pre-COVID level on 15 March 2020.
Melbourne:
Melbourne dwelling values initially fell very sharply, declining 5.9% to 18 October 2020.
Values have since rebounded strongly, rising 7.3% to be 1.0% higher than the pre-COVID level. Continue reading at: x
Aussie property's stunning COVID rebound - MacroBu...
Just over a year ago, COVID-19 was declared a global pandemic by the World Health Organization (WHO). A nation-wide lockdown ensued, which was followed by a further 14-week hard lockdown across Victor...
www.macrobusiness.com.au
0 Reply
15 Views
29D ago
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