New figures revealed Melbourne’s property market roller-coaster is continuing with the median house price bouncing back $30,000 in the three months to June 30.
Monthly Archive for July, 2011
We have been hearing for months now interest rates are set to rise from the RBA and other economists. Westpac is the first major bank to forecast a 1 per cent fall in interest rates before the end of next year, starting with a 25 basis point cut in December.
Sydney realtors defied the gloomy winter weather, with auction clearance rates hitting a 10-month high on the weekend.
With over 1.4 million property investors in Australia, many of us already realise it’s not a good idea to rely on the pension, or the government when entering retirement age.
Apartment rents inched up over the June quarter across Australia while rents for houses fell, data shows. According to Australian Property Monitors, asking rents on units rose a marginal 0.3 per cent over the quarter, while rents on houses fell 0.2 per cent, The Australian reports.
There are still a lot of negative headlines on the economy and the outlook for Australian property. Many experts have been calling the Australian housing bubble and that property values are going to fall from the sky for some years now. Of course they have been wrong time and time again.
Justin Wood is the director of Property Toolbox Australia, a successful investor and a leading expert in wealth creation through property, businesses and commodities.
Lillian is a successful property investor and business owner with over 7 years experience in the banking and finance industry.
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