According to the Bank of International Settlements, house prices in Australia have increased by 6,556% since the 1960s. This amounts to an impressive average annual growth of 8.1%. Long story short, property investors have certainly made millions through buying and selling property, and that’s before we even take into account the earnings from rental properties.
Keeping your property looking up to date and attractive is important, whether you’re hoping to sell or rent it out. Potential tenants and buyers are likely to pay more for a property that looks modern and appealing. As such, putting a little money into renovation projects can prove to be a wise investment.
With the emergence of fintech, there are several companies that are now able to assess your loan application within 22 minutes. That’s a seriously quick turnaround and great if you’re got a property that you just must have right now.
Investing in a property is a complex process that requires a great deal of research and deliberation. But when done right, property investment is a smart, wealth-building strategy that can provide financial security for you and your family now, and for years to come.
Home design trends don’t change as quickly as fashion trends do but they certainly evolve, creating room for new ideas and stylish themes. With property prices in Sydney still soaring high, homeowners and investors continue to improve on the aesthetics of their properties in an attempt to increase their purchase price or rental value.
The median house price has gone up yet again and has now reached a whopping $1,000,500 in Sydney and $715,549 in Melbourne. With the rising cost of housing in Australia’s capital cities, it’s becoming increasingly challenging, even unaffordable to get into the property market. Given the recent housing pricing trends, investors and aspiring homeowners have begun looking elsewhere for their next property.
A property title is a legal document that indicates the owner’s right to possession or ownership of the property. Whether you are new to property investing or an experienced investor, it never hurts to gain more tips on investments you are making and likewise, know more about the type of property that you are purchasing.
Buying property continues to be one of the most popular options for investment. Turning this dream of owning real estate into reality however, is a process that requires good thinking and careful planning mainly because of the large amount of money involved. While the Australian real estate market was quite aggressive in 2015, a cool off is expected for 2016. While the potential for consistent pricing would provide a great opportunity to invest in property, one should still never rush into a deal. Here are a few tips to keep in mind before you invest your money.