Welcome to House Search News for August 2007
WIth rate rises and money market woes in the news lately, it’s small wonder investors are nervous about where to invest. The old “Property vs Shares” debate is alive and well, yet there’s no reason why investors can’t use both asset classes to achieve long term wealth. Both share traits including capital growth, income potential, tax advantages and leveraging capacity. The trick is to accurately select the best examples available in each asset class through careful and thorough research.
Should you not have the time, however, to engage in the due diligence required, when it comes to property we’re here to help. We’ve had several satisfied investors as clients to date who have been more than happy with the returns their investments are providing. For more information please feel free to contact us or visit our website for further information.
Jacque Parker and Theresa McHale
House Search Australia
Don’t become a net addict!
Get out there and walk the suburbs you intend to buy in, as this will build up your local knowledge as well as providing you with a REAL look at where it is you’re buying. Whilst the internet is a great tool, it’s only a starting point for due diligence when it comes to property selection. Knowing the streets, landmarks and areas to avoid is paramount to successful property selection.
Market Update – Sydney Property News
Is the North Shore recession proof? Despite the latest interest rate rise, buyers are still thick on the ground and listings low, from what we’re seeing. The Lower North Shore, in particular, is suffering from a lack of quality stock in housing, especially in the popular $850-$1m price range.
Latest Residex statistics also indicate that the Northwest and Hills districts of Sydney are gaining with capital growth rates in housing up from 2005 and 2006. Though many outer west and south-west suburbs are still experiencing falling prices, it appears that the majority of Sydney property is in recovery mode and, with the government expecting economic growth to pick up in 2007/08 we may well be entering a new phase of the cycle.
Want to expand your investment learning?
Whether it’s shares, funds, super, finance, estate planning, money management, taxation or property that you’re interested in www.invested.com.au provides all this and more.
Membership is totally FREE so join the other 2000 people who’ve made it their favourite Australian investment site and start furthering your own financial education today.
Suburb Spotlight – Castle Hill
Considered the hub of the Baulkham Hills Shire, Castle Hill is enjoying a revival of current infrastructure with shopping centre and transport alterations currently underway.
Some facts about this popular family suburb:
- Located 31km from Sydney’s CBD
- Couples with children make up over 70%
- Over 77% of housing is owner occupied
- Current median house price of $676 500
- Current median rent of $400 and rising
- Freestanding houses dominate the market
- 13 schools and 9 childcare centres
- 28 parks covering 6% of the area
For more information about Castle Hill please visit here