New home starts are likely to remain in decline for the 2012 Financial Year.
A factor contributing to this is the anticipated rise in interest rates.
On the supply side, there is a load of finance available for residential developments, meaning many commercially viable projects aren't going ahead because of stringent conditions imposed by Lenders.
In addition, slow land releases and planning delays are adding to the cost of a new home.
Thursday, June 23, 2011
Thursday, June 2, 2011
How's The Market Jock?
....yes I do practice what i preach.
The market is fine if you ignore the Media…If you are thinking of moving house…Upgrading or downsizing, then what’s changed?
Nothing really, except that the market has leveled, but Interest Rates are cheaper than 35 years ago.
We bought our 1st home in 1976 when Rates were 9.88% and sold for 567 % gain in 9 years.
We bought our 2nd home in 1986 when rates were 15.5% and sold for 1207 % gain in 22 years.
We bought our 3rd home in 2008 when rates were 9.45% and…
Rates are currently 7.79%...This time 35 years ago they were 9.88%
Families are still growing and shrinking…Moving house in a stable Market allows you to do your homework carefully, then buy 1st and sell 2nd factoring in Bridging costs when yes prices may be off a little, but so is Stamp Duty…
At JGRE we are getting strong interest for nice houses (as we always have) with multiple offers and sales in 5 to 10 days…So I say, keep doing in life what you want as long as your Homework is realistic.
The market is fine if you ignore the Media…If you are thinking of moving house…Upgrading or downsizing, then what’s changed?
Nothing really, except that the market has leveled, but Interest Rates are cheaper than 35 years ago.
We bought our 1st home in 1976 when Rates were 9.88% and sold for 567 % gain in 9 years.
We bought our 2nd home in 1986 when rates were 15.5% and sold for 1207 % gain in 22 years.
We bought our 3rd home in 2008 when rates were 9.45% and…
Rates are currently 7.79%...This time 35 years ago they were 9.88%
Families are still growing and shrinking…Moving house in a stable Market allows you to do your homework carefully, then buy 1st and sell 2nd factoring in Bridging costs when yes prices may be off a little, but so is Stamp Duty…
At JGRE we are getting strong interest for nice houses (as we always have) with multiple offers and sales in 5 to 10 days…So I say, keep doing in life what you want as long as your Homework is realistic.
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