News

Tick, Tick Tick – Editor Observations

Tick, Tick Tick – Editor Observations

As we predicted 12 months ago, 2013 was indeed the year of recovery. With interest rates falling to historic lows and confidence improving, that recovery is set to build momentum in 2014, possibly making it the boom year of this property cycle in many major cities.

There’s already a buying frenzy in pockets of some capital cities, namely Sydney, Melbourne, Brisbane and Perth.

The country’s largest mortgage brokerage, Australian Finance Group, recorded its best month ever in October, processing more than $4 billion worth of home loans – 12 percent higher than the previous month and a staggering 61 per cent higher than October 2011, just before the Reserve Bank began cutting rates.

And while first homebuyers accounted for only 125 percent of all housing loans in September, according to the Australian Bureau of Statistics (the lowest reading in 23 years), home loan approvals Overall were the highest since October 2009.

Economists are describing the property sector as the “shining light” of the nation’s economy, with housing expected to take the baton from the mining industry as the country’s key economic driver. Some of the most attractive buying conditions we’ve seen in years have combined with post election confidence to bring a new energy to the marketplace, with some remarkable sales results being achieved.

However, it’s worth noting that the market recovery is different this time. Self-managed superannuation funds are increasingly being used to purchase residential real estate, there’s more activity from Asian buyers and interest rates are at a now low.

If you define a boom as being double digit price growth, then were not there yet. Much of the growth in many areas has simply gone towards restoring prices to pro-GFC levels.

It’s never a bad time to buy, even if the market is heating up, as long as there’s merit to your investment decision that goes beyond the “fear of missing out. Knowledge is the key.

It’s our aim every month to bring you the latest information on the opportunities that are presenting themselves to investors, regardless of whether the market is hot Cold or lukewarm.

On page 20 you’ll find an exclusive report on new rezonings which are creating profitable opportunities for the small developer and don’t miss our special report on page 82 about one of Australia’s largest ever infrastructure projects and the areas set to reap the rewards.

API also aims to inspire, and this month’s cover story on investors under 30 creating property wealth of their own does just that.

About API

Founded in 1997, API is Australia's highest-selling property magazine.

Original author: API

Copyright

© http://www.apimagazine.com.au/

Increasing Your Homes Curb Appeal
Guide for Home Repair and General Maintenance
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, 25 March 2019
If you'd like to register, please fill in the username, password and name fields.

Top Articles

05 November 2018
General Articles
New Business, Service or Product Launches
My Property Negotiator™ You find the best property. We get you the best result. With hundreds of successful negotiations and client purchases under our belt, My Property NegotiatorTM gives you an...
02 November 2018
General Articles
New Business, Service or Product Launches
VaultRE Product Overview Document VaultRE is the product of a strong, strategic partnership that combines experience spanning 46 years of real estate specific software development, with the knowledge,...
03 June 2018
Business Opportunities
New Business, Service or Product Launches
RealWay is pleased to announce an exciting and major change to our business model. We are moving from a franchise to a licence model which we have called Regal. Regal stands for RealWay Exclusive Geog...
20 October 2018
Tutorials
Linktosale has its own built in events management system. This can be used to manage home opens as well as all other types of events. For this tutorial we are going to focus on home opens.When an agen...
Wait a minute, while we are rendering the calendar

Random Posts

13 December 2016
Cleaning / Maintenance
I don't have the fortunate luck of having kids just yet, but I am lucky enough to have two wonderfully large dogs that continue to be my best friends today and into the future.  Unfortunately, they ar...
06 July 2016
Property Development
Time for a reality checkBy Vidyasagar Potdar, Curtin UniversityHousing affordability issues in Australia have resulted in people looking for alternative ways to build accommodation more cheaply....
16 September 2016
Legal
 The Australian Securities and Investments Commission (ASIC) has permanently banned Steven Hill from engaging in credit activities and providing financial services.An ASIC investigation found that bet...

Translate Site

Company

LINKTOSALE.COM.AU PTY.LTD.
ABN: 77 626 273 050
Perth, WA 6036

Subscribe To Our Newsletter

0
Shares
Cron Job Starts