With banks still coy about lending on development, I thought I would post some of the major reasons that we see for development deals being declined and some tips to avoiding these pitfalls.
There has been quite a bit of conjecture among economists recently over whether or not Australia is in a housing bubble. The argument has been fuelled by the latest Demographia International Housing Affordability Survey,which indicates that out of the 82 major metropolitan cities measured, all with populations over one million, Sydney, Melbourne, Adelaide and Perth all measured among the top 15 least affordable.
Warehouses might be a good option for an investment over a residential property, with the rising use of the internet and e-commerce leading to an increased demand.
With the arrival of summer and the festive season, it can be a time of the year when property investors get caught up in the allure of holidays and want to buy a holiday home.
Landowners in Australia appear willing to accept losses on their properties in the expectation they will make it up in capital price gains.
Property investment hotspots look set to move from the major capital cities to some popular tourist destinations in Queensland.
The large and continually growing supply of apartments in Melbourne is failing to deter offshore investors.
The Foreign Investment Review Board (FIRB) says uncovering and prosecuting illegal residential property buying by foreigners is very difficult and a certain amount slipping through the cracks is inevitable.
Pressure to pass on higher capital costs to investment borrowers is likely to see more interest rate hikes by banks, following last week’s movements from ANZ and the Commonwealth Bank.
Sydney property investors struggling to afford Sydney prices have been snapping up Melbourne real estate instead because it’s cheaper, according to developers.
