In times like these, should you invest in real estate?
According to the Australian Census Bureau, 2.2 million Australians are considered millionaires,and their median net worth is $273,900, which is higher than Belgium, New Zealand, or any other country in the world.
The Real Estate Market Downturn: How Does It Compare To The Last?
Sydney’s median price lifted another 3.2% in the first two months of 2020 – the median price rising 12.7% in just eight months. Then, COVID hit hard.
Timing the market is less important than time in the market
Many investors and buyers are obsessed with the idea of timing their property purchase, believing that buying at the bottom of the market for the cheapest price is the key to success. In fact, this is the wrong strategy to have, as time in the market is far more important than timing the market. Cycles […]
Is it the right time to make your next property move?
With so much negativity about the real estate market, is this the right time to make your next property move? Like anything, supply and demand play a big part in getting the best deal on a property. You want to strike when you do not have to compete with everyone else. The residential property market […]
Consider selling today – Rental income VS Cash term deposit
We are in a transitional market coming out of an unprecedented run of rising prices. Some Sydney suburbs have witnessed eye-watering growth, particularly those that offer substantial family homes or a life style by the sea. However, the market downturn is reflected in the city-wide auction clearance rate, which has dipped below 60%, as […]
The myths of rising interest rates
The RBA took the cash rate to 2.35%, the highest level since January 2015, still below the pre-COVID decade average of 2.56%. What to anticipate? We can assume that the latest cash rate rise will be passed on to mortgage rates in full, taking the average variable mortgage rate for a new owner-occupier loan to […]