Wednesday, May 8, 2013

Bondi Serviced Apartments Sydney

Bondi Serviced Apartments are located in a central Bondi location and within 900m walking distance from the internationally famous Bondi Beach.
The complex is on public transport route to the city and withinn 1000m from Bondi Junction railway station.
$90 - $140 per night
$500 - $1,000 per week 

Click Here to Get Discount.

Monday, April 20, 2009

Buying A Property In One Of Australia's Capital Cities by Max

Value of housing property has dropped across all over Australia, with cheaper interest rates of mortgages you can say that it is the best time to buy. According to surveys there will soon be a growth in the market nationally. If we see some more rate cuts more and more people will be ready to afford home loans. In the future there may be greater home loans on offer.

Darwin is the fastest growing capital city, according to data from the Australian Bureau of Statistics. No doubt that many people are moving to Darwin, with the median house price less than the national median. Thus, buying a house in Darwin can be a great investment opportunity. Houses in Adelaide are slightly more expensive than Darwin.

Melbourne is Australia's second-largest city and the third-cheapest for house prices. Melbourne is quite charming and livable city in the world. As a result, houses in Melbourne are selling relatively fast as compared to other capitals. There are good prospects for renting suggesting Melbourne as a good city for investment properties.

Canberra shows a drop in prices and high rental yields; Canberra that is the political centre of the country and a tourist place, it has good prospects for investment in property.

Perth is Australia's second-most expensive house market carrying more than the national median. It might be considered as a good city to buy in for residential purpose but may be less attractive for a rental investment.

Sydney houses are the most expensive in Australia and the city has recorded a substantial increase in values. The rental market yield in Sydney is 4.63 per cent and this figure could continue to rise. Sydney has a good ranking for its quality of living, so if you have a higher disposable income it might be a good place to go.

Research well in advance and make sure you get sufficiently informed from various sources if you are bearing in mind buying a property in one of Australia's capital cities.

About the Author

Max is a Mortgage Broker who has specialized in no deposit home loans for over 5 years.

Saturday, March 7, 2009

Residential Investment Property Advice for Sydney Buyers

When investing in residential property one of the key factors to consider is your net return on monies invested. This will be a primary indicator on whether or not to proceed.

To assess the net return you will have to compare it with the average returns for similar properties. Too low a return may mean that alternative investments should be reviewed, while a very high relative yield may mean there is an accompanying risk factor that is higher than normal.

Please remember areas that produce lower yields predominately have a higher capital gain and at the end of the day that is what its all about when investing your money in property.

The yield is calculated by starting with the purchase price. This is the denominator. The numerator is your net yearly income.

To figure out the net income you take your yearly gross rent and subtract your outgoings. Outgoings for residential properties include your managerial fees paid to the letting agent, council and water rates for the year, estimated repairs and maintanence and land tax if applicable.

You should set aside a yearly amount for repairs and maintenance, since big expenses occur periodically and not necessarily yearly.

When investing in property plan to hold the property a minimum of five to seven years. This accounts for economic cycles and changing conditions.

Rental returns are still on the increase due to short supply of investors, particularly within 20km to the Sydney CBD. Several leading commentators of the real estate market have spoken out recently regarding this issue.

Steve Martin, President of the Real Estate Institute of New South Wales has spoken recently in the media about the rental crisis and has called for changes to taxation for property investors.

With winter here buyers are probably thinking let's hibernate until spring time, well don't. I have always found that in winter it is usually the vendors that have to sell putting their properties up for sale.

With a downturn in the market, and in most cases less competition through this period, you could be looking at a three to five percent difference in your purchase price, maybe even more.

There is no doubt that during winter you have a little less variety to choose from than you would during spring, but it is still worth getting out there.

Please remember buyers by the time you search, negotiate and settle your property you are looking at a minimum of around four to six months. If you need to sell a property you could even be looking at longer. So make sure you plan way ahead when you are buying and selling.

By Peter Kelaher

Peter Kelaher is the Managing Director of PK Property, a firm of Sydney Buyers Advocates catering for Sydney home buyers.

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