djamal-soft
السبت، 29 مارس 2014
Great news for home property owners of real estate nsw, property values increased 4.9% over the December quarter, making the once a year expansion for Sydney property 14.3%.
Harcourts real estate Manager for New South Wales Rob Forde says real estate nsw owners will be euphoric, however he adds that the statistics raise the issue of housing cost for first home buyers."First house purchasers are having to come in with a further AUS$50,000, compared to this time last year and wages have not increased by that much over the same time period. "
Forde adds that Harcourts have seen first home purchasers active in the outer city limits, with first house purchasers accepting the necessity to commute 50km or more into the CBD. "The average first house buyers wanting to get into real estate nsw are looking at an AUS$400,000 plus spend, and the closer that spend is to AUS$400,000, the further away from the Sydney CBD they're going to be. "
Other alternatives available to first house purchasers of real estate nsw is to buy a flat instead of a costlier free standing home and Forde asserts that this is the option that most younger buyers take. Although Forde adds that flats are not cheap either, with new release apartments in the CBD unloading the plans for a minimum of AUS$500,000.
Forde points out that price has not dampened first house buyer keenness with more first home buyers purchasing real estate nsw than previously, "The serious plus for first home buyers is that so long as real estate nsw expands in price, the bigger their equity. The first house buyers of one year ago, now have at least 14.3% more equity in their property than they did when they first acquired. This is a big driver for first home purchasers, the other motivating factor is low rates. "
First home purchasers are becoming extremely innovative in ways to come up with capital claims Forde, "Elders are definitely in the equation, with numerous parents turning up to auctions or entering into co-ownership agreements with their child and more times than not, the childs partner. Getting into real estate nsw is rather a money challenge for first time consumers and parents realise they had a far easier time and so are now happy to help their kids out. "
The other common occurrence with real estate nws is the first-time consumer who purchases a property with the objective of renting it out, in order that they can still receive capital gain. "Demand for quality real estate nsw rental accommodation is high, and for all the potential first home owners there are many more folk who mean to stay renting ," concludes Forde.
Harcourts real estate Manager for New South Wales Rob Forde says real estate nsw owners will be euphoric, however he adds that the statistics raise the issue of housing cost for first home buyers."First house purchasers are having to come in with a further AUS$50,000, compared to this time last year and wages have not increased by that much over the same time period. "
Forde adds that Harcourts have seen first home purchasers active in the outer city limits, with first house purchasers accepting the necessity to commute 50km or more into the CBD. "The average first house buyers wanting to get into real estate nsw are looking at an AUS$400,000 plus spend, and the closer that spend is to AUS$400,000, the further away from the Sydney CBD they're going to be. "
Other alternatives available to first house purchasers of real estate nsw is to buy a flat instead of a costlier free standing home and Forde asserts that this is the option that most younger buyers take. Although Forde adds that flats are not cheap either, with new release apartments in the CBD unloading the plans for a minimum of AUS$500,000.
Forde points out that price has not dampened first house buyer keenness with more first home buyers purchasing real estate nsw than previously, "The serious plus for first home buyers is that so long as real estate nsw expands in price, the bigger their equity. The first house buyers of one year ago, now have at least 14.3% more equity in their property than they did when they first acquired. This is a big driver for first home purchasers, the other motivating factor is low rates. "
First home purchasers are becoming extremely innovative in ways to come up with capital claims Forde, "Elders are definitely in the equation, with numerous parents turning up to auctions or entering into co-ownership agreements with their child and more times than not, the childs partner. Getting into real estate nsw is rather a money challenge for first time consumers and parents realise they had a far easier time and so are now happy to help their kids out. "
The other common occurrence with real estate nws is the first-time consumer who purchases a property with the objective of renting it out, in order that they can still receive capital gain. "Demand for quality real estate nsw rental accommodation is high, and for all the potential first home owners there are many more folk who mean to stay renting ," concludes Forde.
About the Author:
Harcourts Australia offer real estate for sale, land and homes for sale, rentals and commercial leasing, rural property sales, life-style real estate and business right across Australia.
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