Australians love property. Most family financial fortunes are underpinned by the “family home” or “investment” properties and are seen as the guiding light to a secure financial future and retirement.
Interest rates are often predicted to rise and the recent mummers from the Reserve Bank of Australia and press indicate that this might be true. I strongly believe that interest rates will remain at an all time low and continue at the present level for at least another 12 months to 2 years.
The housing demand for real estate investments in Sydney is very high. The urban development of mini epi centers in Sydney is a strong indicator of the healthy property market.
Often quote is the influence of overseas financial investors driving up values and this will not change in the short term.
With the year coming to a close the property sector, particularly in the legal area, is extremely busy, though on the sales side, the auction season has closed and won’t restart until February 2015.
If you are thinking of buying and selling your home, you may as well wait until February and enjoy your home for the holidays.
If you are thinking of trading your commercial property, consider any last minute deals before the year end. Selling commercial real estate won’t resume to full force until after the Australia Day long weekend.
Justin Betar, Notary Public & Lawyer
Telephone + 61 (2) 9279 1100 or email firstname.lastname@example.org
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