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Sydney, NSW 2000 Review

30.5L (6500 per sq ft)
Rent: 15000
Overview
Demand/Popularity 100%
Crime Index 1%
School Rating Primary/Secondary
Price Trend 1% (in last 6 months)

Rental reforms are currently taking place across the country and Victoria is leading the way, making it easier for tenants to have pets, longer leases and easier applications with 1form. However, it’s still good to know what you can and can’t do in your rental... more

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InvestAus

InvestAus

Sydney
Despite claims of up to 30 per cent decreases in property values, Real Estate Institute of New South Wales (REINSW) president Leanne Pilkington said investors would be better off looking at the data instead of the doom-and-gloom headlines. Ms Pilkington further argued that a lack of sellers is helping keep the value of properties higher. At the end of the day, property is a long-term asset, which means that it does not have the same volatility that the share market has. More importantly, property puts a roof over heads. As it delivers one of the most basic human necessities, it’s become one of the first things that people buy and the last that they sell, Ms Pilkington highlighted. Further, with the COVID-19 crisis prompting the closure of borders, new overseas arrivals would be limited, curtailing the largest source of population growth. As a result, demand for housing will be further hindered. “The moral of the story is don’t panic. Property has shown its resilience through economic shocks before, and we have no reason to expect it won’t do so again,” he said. Australia stands as one of the very few countries that have a balanced budget. Further, the country also records the lowest government debt in the world, which should provide investors with some comfort that the country is in a strong position to cushion the impact of the COVID-19 outbreak. Property values SQM Research’s monthly report showed the combined capital asking prices increased by 0.7 per cent for houses and 0.1 per cent for units over the month to 5 May 2020. Despite the positive figures and sentiment in the market, CommBank assumes an 11 per cent reduction in the prices of residential property nationally due to the pandemic, while a prolonged shutdown and a worsening economic climate would see falls nearly trip to 32 per cent. In a statement made to the ASX, CBA announced it had set aside $1.5 billion to cover potential losses from the COVID-19 recession, taking its total provisions for bad and doubtful debts to $6.4 billion. “Today’s announcement of an additional credit provision of $1.5 billion for the potential longer-term impacts of COVID-19 further reinforces our already-strong balance sheet settings,” CBA chief executive Matt Comyn said in a statement. Visit the given link for reading full details:  x Property market update: Sydney, May 2020 As the world continues to face the effects of the COVID-19 pandemic, how will the Sydney property market move to recover over the long-term? www.smartpropertyinvestment.com.au
0 Reply 46 Views 19Hr ago
John

John

Sydney
Buying a house in these suburbs can easily cost you over three million dollars, something most people just can’t afford. However, this doesn’t mean that a waterfront property has to be completely out of reach for you. For buyers and investors looking for a more affordable region, the Sutherland Shire might be the ideal choice. So here are Top 5 waterfront suburbs of Sydney: 1. Cronulla Cronulla Beach is definitely one of Sydney’s most popular and well-known beaches. With something on offer for every kind of person, Cronulla is popular with tourists, families, young professionals and retirees. 2. Jannali It could also be an option for investors looking for a lower barrier to entry. Houses are considerably more affordable in comparison to Cronulla with a median of $958k. 3. Bundeena Bundeena is a small suburb in the Sutherland Shire that makes an ideal option for those wanting close proximity to the outdoors. You’ll be surrounded by the Royal National Park and a number of different beaches. 4. Woronora Woronora is known for the pristine Woronora River that runs through the suburb. You’ll find views throughout the area, even from homes that aren’t right on the waterfront. 5. Bonnet BayLast but definitely not least, Bonnet Bay is also located on the Woronora River. Despite being in close proximity to everything you need, the suburb is filled with nature and is perfect for anyone who wants to enjoy the outdoors. Get more details on: x Top 5 affordable waterfront suburbs to look at aro... February 19, 2020 - Real Estate Investing Advice & Strategies From Experts You Can Trust. Here you will learn more about sydneybuyersagent.com.au
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