Where do you sit in the property market? Is your personal property portfolio normal for your age and income?
In 2005 the Reserve bank commissioned a report to investigate just what was normal for household property investments.
They found that your age, who makes up your household and your wealth all have particular relationships to the value of property, whether you have investment properties, and how you gear the investment.
You can read the paper here;
PROPERTY OWNERS IN AUSTRALIA: A SNAPSHOT
by Marion Kohler and Anthony Rossiter, May 2005
Economic Research Department
Reserve Bank of Australia
Wednesday, February 6, 2008
Tuesday, February 5, 2008
RottenNeighbor.com
"What are your neighbors saying about you?"
While it hasn't really taken off in Australia yet Rotten Neighbor has the potential to affect property values in your street.
Got a great neighbour? Maybe you should list them and their virtues. It will make your street more appealing than the ones litterred with comments about the dreaded Rotten Neighbor!
Have a look at it here.
While it hasn't really taken off in Australia yet Rotten Neighbor has the potential to affect property values in your street.
Got a great neighbour? Maybe you should list them and their virtues. It will make your street more appealing than the ones litterred with comments about the dreaded Rotten Neighbor!
Have a look at it here.
Saturday, January 26, 2008
ANZ Property Outlook for 2008
ANZ publishes a half yearly report on the property industry in Australia. The most recent one has just been published. I reproduce some highlighst below;
Overview
Property returns have accelerated, underpinned by buoyant economic growth and tightening market fundamentals. Despite a meltdown in US sub-prime mortgages and a crisis in global credit markets, the economic outlook remains supportive. Nonetheless, rising interest rates and a marked jump in risk aversion have heightened the risks facing the domestic property sector.
On residential property
In risk-adjusted terms, residential property has delivered vastly superior returns to all other broad asset classes. Affordability conditions for new home-buyers and renters will deteriorate further unless appropriate policy action is taken. A dramatic tightening of the housing market will force already soaring house prices and rents sharply higher. By 2010 we project a record housing shortage of nearly 200,000 homes which risks becoming an intractable imbalance as renters and first-homebuyers become collateral damage in the Reserve Bank’s ongoing war on inflation.
ANZ Australian Property Outlook - January 2008 (PDF, 172kb)
Table of Contents
When buying property always make sure you get an independent property valuation, a pest inspection and building report. Protect yourself from risk and make better investment decisions. Use Evaluator.com.au.
Overview
Property returns have accelerated, underpinned by buoyant economic growth and tightening market fundamentals. Despite a meltdown in US sub-prime mortgages and a crisis in global credit markets, the economic outlook remains supportive. Nonetheless, rising interest rates and a marked jump in risk aversion have heightened the risks facing the domestic property sector.
On residential property
In risk-adjusted terms, residential property has delivered vastly superior returns to all other broad asset classes. Affordability conditions for new home-buyers and renters will deteriorate further unless appropriate policy action is taken. A dramatic tightening of the housing market will force already soaring house prices and rents sharply higher. By 2010 we project a record housing shortage of nearly 200,000 homes which risks becoming an intractable imbalance as renters and first-homebuyers become collateral damage in the Reserve Bank’s ongoing war on inflation.
ANZ Australian Property Outlook - January 2008 (PDF, 172kb)
Table of Contents
- Market overview
- Residential property
- Office property
- Retail property
- Tourist accommodation
- Industrial property
When buying property always make sure you get an independent property valuation, a pest inspection and building report. Protect yourself from risk and make better investment decisions. Use Evaluator.com.au.
Saturday, January 19, 2008
Two Tier Marketing
Advice on 2 tier property markets, what to look out for and how to manage your investment risks.
SlideShare Link
Friday, January 18, 2008
Ask an Expert
This is a question posed to Noel Whittaker at Fairfax media's Money Manager website. Noel runs a column caled "Ask an Expert" where you can ask qustions and he shares his answers with the public.
I'll keep an eye out for the response and publish it here when and if he responds.
To order a valuation for a property you are intersted in click through to Evaluator.com.au.
My question is about when and when not to use database driven statistical property value estimates.
Fairfax owns Australian Property Monitors and so has a belief that database generated property estimates have value to property buyers and sellers. I run a web business offering physical inspections of property and naturally I have my views as well.
Statistical estimates are good because they are independent, but they have shortcomings.
I am of the belief that the statistical estimates are useful in two main ways; the first is in general research into a suburb, and the second is to help assess the value of the average house on the average street in a particular suburb or market.
Beyond these scenarios I think people still need to hire a valuer to go and inspect the property, along with the building and pest inspectors.
What are your thoughts?
I'll keep an eye out for the response and publish it here when and if he responds.
To order a valuation for a property you are intersted in click through to Evaluator.com.au.
Subscribe to:
Posts (Atom)
.gif)