The property market will recover after the September federal election, Aussie home loans entrepreneur John Symond has predicted at a national real estate conference. http://www.couriermail.com.au/realestate/buying/australian-property-market-to-turn-corner-after-election-john-symond-says/story-fndboawi-1226646868902
Thanks to one of our clients who gave us this feedback:
“Marco’s knowledge of his business was evident in his dealings with us, as were his high ethical standards in every aspect of our transactions. In the real estate industry, characters with Marco’s integrity are thin on the ground and it was a refreshing experience to deal with him.”
The property sector has once again missed out on Budget love with little direct relief for home buyers, sellers and investors… http://www.dailytelegraph.com.au/realestate/no-budget-joy-for-property-market/story-fnhytr0n-1226642477612
This will depend on your objectives. If you want to make a profit quickly and move on to something else, you may prefer to sell as soon as the development has been completed. If the new property will contribute better to your financial aims by providing a solid rental return for years to come, plus provide equity to invest in other projects, you may wish to hold on to it. Some clients start off thinking they want to take one course of action and change their mind during the development. That is what Sintra is there for. We’ll help with changes in strategies and always work with you to achieve the best outcome.
The Reserve Bank has slashed interest rates by 25 basis points to a historic low of 2.75 per cent, the first reduction this year. The decision followed a spate of soft economic data that increased calls by industry groups and other observers for a lower cash rate.
With increased population density Brisbane’s homes are becoming smaller and smaller. Hopefully they won’t reach some of these sizes... http://www.huffingtonpost.com/2013/04/25/tiny-homes-photos_n_3148962.html
Is it us or are there more and more articles each week predicting the movement of the real estate market? At Sintra, we don’t worry about others’ predictions. If you do your research, a conservative and realistic feasibility and take a rational approach (rather than ‘hoping’ for growth or being emotionally attached to property), fluctuations in the market shouldn’t have a huge impact on your development. While you should never rely on it, growth in the market can make a good development even better. Sintra has noticed a lot more buyer interest in recent months, and these articles (in addition to the earlier ones this month) seem to reflect that:
Confidence revival boosts property - http://www.smh.com.au/money/investing/confidence-revival-boosts-property-20130316-2g7gy.html
RP Data predicts property prices to double - http://www.news.com.au/realestate/buying/time-to-buy-property-prices-to-double/story-fndban6l-1226626822141
New development photos have just been uploaded to the Gallery page. To view please click here.
: More Australians expect home prices to rise in the year ahead than at any time since mid-2010, a survey shows, further evidence... http://news.domain.com.au/domain/real-estate-news/house-price-outlook-turns-bullish-survey-20130412-2hpu6.html
It depends on the type of development. Typically a new construction, splitter or slider will take around 12-24 months, from finding a site through to selling the developed offering at the end. A renovation would usually take less time. Townhouse sites depend if they are purchased with an existing DA or not. If they already have a DA, it will be about 12 months and without a DA around 18-24 months.