Citi Bank has black listed a range of Sydney suburbs where they have tightened their lending criteria for apartment buyers. Recently Citi advised brokers of 34 suburbs in New South Wales where borrowers would face tougher hurdles to get a mortgage and have to jump through additional deposit hoops and face more stringent practices around cash outRead More
Melbourne’s property market continues to perform strongly with house prices now at record levels and up 19.5% over this latest growth cycle. The latest research by Onthehouse.com.au has revealed that Victoria is the second wealthiest state when it comes to residential property, with 12.4% of dwellings in the metropolitan area valued at over $1 million.
We’ve enjoyed a few good years in property but now as this real estate cycle matures and uncertainty surrounds the extent of the potential for future capital growth, it’s appropriate to remember that it is not so much the outside world that defines our success, but the place we take in us as investors.
