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August 2014

August Sydney Property Report

With the budget, end of financial year and winter all happening around the same time it’s not surprising the market has slowed down a bit. With these events behind us will it pick up? Dwelling values increased by 1.6% across the combined capital cities in July and rose by 1.1% over the three months to July 2014. Only Sydney, Melbourne, Darwin and Canberra experienced rises. The same trend also occurred for the past three months. Sydney rose by 1.5 percent and 2.0 percent in the mentioned time frames. Median prices across the country are $555,000 for houses and $475,000 for units. Sydney …

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August Perth Property Report

With the budget, end of financial year and winter all happening around the same time it’s not surprising the market has slowed down a bit. With these events behind us will it pick up? Dwelling values increased by 1.6% across the combined capital cities in July and rose by 1.1% over the three months to July 2014.  Only Sydney, Melbourne, Darwin and Canberra experienced rises. The same trend also occurred for the past three months. Perth fell by 0.5 percent and 0.1 percent in the mentioned time frames. Median prices across the country are $555,000 for houses and $475,000 for units. …

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How to identify a growth suburb

So you are thinking about getting into investment property or buying your next one but are unsure where would make a good investment. If this sounds familiar then no doubt people have told you to simply do your research. But do you know what you are supposed to be researching? Here is a list of common things you should look for to get started: 1. Close to the city It makes sense that properties located a short commute from work will always be in demand. However this is fairly obvious so anything within a short distance from the CBD is usually …

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Buy or Sell First?

Should home owners buy a property before selling their current one or sell before they buy? Often referred to as the chicken or the egg question of property there is no simple answer. In an ideal world you could sell your house and buy a new one on the same day, but rarely does it work like that. Selling First Logically, selling first should be the best option as you know exactly how much you can afford to spend. You can then avoid overextending yourself and save time by only searching properties that are within your budget. The biggest risk is …

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Interest Only Explained

While Principal and Interest loans are still by far the most common option, Interest Only loans have been increasing in popularity with investors as they figure out how to use them to their advantage. As the name suggests only the interest that is owed on the loan is payable. As a result repayments are lower than what they would be on Principal and Interest but they are usually only available for a small proportion of the term. Many investors find this a more flexible option as the savings can be shifted to another investment or for a different purpose. Being a short-term …

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