House prices in some suburbs on Sydney’s northern beaches and the Gold Coast have doubled every three to four years in the past decade, fuelled by low levels of stock and a growing number of affluent buyers.
Rebound Vacancies below 1 per cent and strong demand is driving renewed interest, writes Duncan Hughes.
Foreign investors who fail to report their investments in Australian assets have been put on notice by the Australian Taxation Office and face significant cash fines after a landmark legal win.
‘‘There’s a perception that rents are high now,’’ one of the country’s most highly regarded bankers tells me. ‘‘But rents are going to go through the roof once investors start to recognise that there won’t be significant capital gains from now on.’’
Dwelling values have dropped in nearly two in five Sydney suburbs during the first three months of the year, while almost half of all Melbourne suburbs analysed posted price declines as the market downturn gathers pace.
Investing As US prices rise, home equity helps boost owner portfolios. The US housing boom is creating a new class of real estate tycoons with an easy source of financing: their own homes.
Residential rents rising as fast as property prices are attracting investors seeking higher yields, a hedge against inflation and generous depreciation and tax breaks. House rents in some of Australia’s capital cities have risen between 15 and 20 per cent.
House prices in some suburbs on Sydney’s northern beaches and the Gold Coast have doubled every three to four years in the past decade, fuelled by low levels of stock and a growing number of affluent buyers.
