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Knowledge is Power
As s a wealth creation tool, property has always fascinated Andrew Higgs. “I remember visiting my aunty as a kid in the 1980s,” he says. “[She] had moved out from my grandparent’s Glen Waverley home, to Melbourne’s then fringe suburb of Dandenong to get into the market in her 20s.
National fall in listings, despite Sydney surge
While Sydney has seen significant short and long-term increases in listings, Louis Christopher, head of SQM Research still believes it is a relatively strong market. “Listings and asking prices for the national residential property market still suggest a mixed picture with Melbourne and to a lesser extent Sydney, recording buoyant markets, while other cities recording a weaker market environment,” Christopher said. The continued strength of the two markets may please those who have bought in them recently, but Christopher also said it could act as a double-edged sword, especially after interest rates fell this week. “Going forward, the market is likely to rally further given [Tuesday’s] rate cut decision,” he said. “There is a possibility now that Melbourne dwelling prices could accelerate from an already heated rate of growth. And if Sydney were to also accelerate I think we could see APRA stepping into the market once again as early as fourth quarter this year.”
Commonly Asked Questions In Relation to Investment Properties
When you buy a property as a co-owner with someone else, you can buy the property as ‘joint tenants’ or as ‘tenants in common’. The main difference between these two arrangements pertains to what happens to your interest in the property if (or more appropriately when) one of the owners dies.
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