Last week Nine Rewards and RP Data undertook our second housing market sentiment survey. The first survey was in October last year and we intend to run the survey every three months. The results were stronger than I expected, in the sense that only a very small proportion of the survey respondents expected dwelling values
In these changing times, when property investors can no longer count on double digit price growth , many are considering getting started in property development to help them ‘manufacture’ some capital growth. While property development can be very lucrative, many beginning property developers get themselves into trouble because they don’t know what they don’t know.
We keep on reading about how low residential vacancies rates are across much of the country. Ditto on how much rents have risen; and the expectation that they will continue rising, and at the same pace, well into the future. But several sub-measures of the rental market suggest that rental growth is already slowing down.
As a property investor it’s important to know what’s happening to the supply and demand ratio and vacancy rates around Australia Figures released by SQM Research reveal that the level of vacancy rates remained slightly relatively the same on a national level during February 2013, recording a vacancy rate of 1.9% for the second month
So what exactly is happening with Australia’s housing finance? Last week’s official statistics – well, more importantly, the media hype & reporting that seems these days to accompany such data – leaves most of us shaking our heads. “Best increase in four years.” “May’s interest rate cut has immediate impact.” “Largest ever volume in loans
Savvy property investors know how to negotiate themselves a better deal by applying three critical negotiating pressure points. These are at work in every negotiation; either you are applying them to the other party or they are using them on you. So let’s look at them… 1. Options When you’re buying a property it is
The Reserve Bank (RBA) released the minutes of their May board meeting earlier this week. At the meeting, the RBA reduced official interest rates by 25 basis points to 2.75%, their lowest level in more than 50 years. Specifically relating to the housing and construction sector the minutes noted: ‘Dwelling prices were around 4 per
Psychologist Aleks Srbinoski describes the making of a good entrepreneur at SmartCompany. I’d suggest successful property investors share similar characteristics. He describe entrepreneurs most likely to succeed as extroverted and gregarious, because being able to interact confidently with others is vital. There isn’t just one type of person able to be successful at entrepreneurship or
There is a dark and subversive 1971 novel named “The Dice Man”, in the plot of which a psychologist decides to begin making his life’s decisions based upon the roll of a dice, leading him into all manner of unseemly scrapes and awkward situations. The novel became something of a cult classic – and it’s