Investing in Property....the Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts.
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Where are Australia's million dollar suburbs?

Where are Australia's million dollar suburbs? | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
A combination of buoyant market conditions and low interest rates is largely responsible for driving up property values over the past 12 months. 275 suburbs now have a median house value of more than $1 million. For units, the news isn’t that exciting; just eight suburbs share a median unit value of more than $1 million.
Topping the list for houses is Sydney’s Point Piper with houses recording a whopping median value now sitting at $5,817,581. Other Sydney suburbs making it to the top ten included: Woolwich, Darling Point, Centennial Park, Cremorne Point, Bellevue Hill. Peppermint Grove in WA, and Victoria-based suburbs, Deepdene and Toorak, also made the cut to the top 10.

Of the 212 suburbs with a median price of at least $1 million, 56% were in Sydney in New South Wales and 20% of suburbs were located in Victoria. These were then followed by Western Australia (12%), Queensland (6%), South Australia (3%), Australian Capital Territory (2%) and Northern Territory (0.5%).
Across council areas, Ku-ring-gai in Sydney has recorded the greatest number of suburbs in the million dollar club with 15 suburbs having a median price of $1 million or greater.  Other council areas with a substantial number of $1 million plus suburbs include: North Sydney (12), Woollahra (10) and Brisbane, Canada Bay and Boroondarra (each nine).

Although with just eight in the list of units where values reached over the one million dollar mark, it was Sydney that again scored top results in the list of best performers by exceeding the million dollar value mark. Included in the list of Sydney suburbs are Dawes Point, Point Piper, Darling Point, The Rocks, Millers Point and Huntleys Cove and Milsons Point. Brisbane riverside suburb Tennyson was the only other suburb outside of Sydney to make the top.
Just 12.4% of all capital city houses and 1.7% of regional houses sold in 2013, transacted for more than $1 million. For units it was 4.6% of capital city sales and 2.3% of regional unit sales which had a $1 million price tag.
Despite such significant media reporting about homes over $1 million, these actually account a very small portion of the overall sales within the market.
At a national level, 275 suburbs (or 6.1% of suburbs with a reported median value), have a median house value which is greater than or equal to $1 million. Nationally, only eight suburbs have a median unit value which is greater than $1 million, representing 0.4% of all suburbs.
In 2005, just 78 suburbs across the country had a price tag of $1 million or more.  In just five years, the number of $1 million plus suburbs has increased by 172%.  Victoria has recorded the greatest increase in suburbs with a $1 million price tag over the five years, increasing by 950% during the period.

The figures vary somewhat when looking exclusively at the capital city markets. It’s important to remember that home values tend to be much higher in the capital cities and this is where the bulk of the national population resides.
For houses, there are 271 capital city suburbs or 12.0% of all suburbs that have a median value of more than $1 million. For units, 0.6% or 8 capital city suburbs have a median value of more than $1 million. Across individual cities the current results are also quite different.
For houses, almost one in every four Sydney suburbs has a median house value of more than $1 million, in Perth the figure is 12% of suburbs and in Melbourne around one in 10 suburbs has a median value of more than $1 million. Very few suburbs have a median unit value of more than $1 million, only eight suburbs nationally. Seven of these eight suburbs are in Sydney with the remaining one in Brisbane.
Five years ago, around 5% of all suburbs nationally had a median house value which was more than $1 million and for units, 0.4% of all suburbs held a median value which was more than $1 million. By way or proportion, the five year change has been minimal with a median unit value of more than $1 million but a full one percentage point increase in the proportion of suburbs where houses have a median value of more than $1 million.
Suburbs where the median value is in excess of $1 million are quite small. However, as home values increased over the past five years so too has the number of suburbs.
With low mortgage rates and relatively high levels of buyer demand we would expect the proportion of suburbs with a median value of more than $1 million to trend higher throughout 2014. It is important to note that outside of Sydney, Melbourne and Perth suburbs with a median value of more than $1 million are a rarity.
Cameron Kusher is senior research analyst at RP Data.
 
    
David Bracka's insight:

In 2005, just 78 suburbs across the country had a price tag of $1 million or more.  In just five years, the number of $1 million plus suburbs has increased by 172%.  Victoria has recorded the greatest increase in suburbs with a $1 million price tag over the five years, increasing by 950% during the period.

 

This will be a continuing upward trend, in five years from now it will be common to live in a million dollar house. 

As prices rise it affordability becomes an issue and we will see an increase in the number of rental properties and more investors . 

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David Bracka's insight:

Read comments on Melbourne .

- population growth 

- vibrant lifestyle culture

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What form of legal ownership is best to put on a property’s title?

What form of legal ownership is best to put on a property’s title? | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
When you’re buying residential property, you’re understandably focused on what to buy, where to buy it, and how much you’ll have to spend.
David Bracka's insight:

Very easy to undertand the 4 ways to own property. Always seek professional advise that considers your personal scenario.

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One in four borrowers intend to buy an investment property in up and coming areas in next four years: Mortgage Choice survey

One in four borrowers intend to buy an investment property in up and coming areas in next four years: Mortgage Choice survey | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Property investment intentions remain strong among Australians mortgage holders, a Mortgage Choice survey of 1,000 mortgage holders has found.  Just over a quarter (26%) said they were considering using the equity in their homes to buy an...
David Bracka's insight:

You’re not the onlyone thinking and dreaming about investing in property. Here’s what others are thinking .

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Property Observer - Property the “hottest investment class” for the next five years: Mark Bouris

David Bracka's insight:

Bouris said in an interview on Channel Nine’s Saturday breakfast show  ; “I think right now and for the next five years property in the major cities will become the hottest investment class you can possibly think of,” 

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Retirement? That's the million-dollar question

Retirement? That's the million-dollar question | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Some of the numbers associated with retirement seem really big.
David Bracka's insight:

Please don’t hold it against me I love watching Celebrity Apprentice,  I’ve been searching for the quote from Mark Bouris founder of YBR and formally best known for establishing Wizard Home Loans and here it is….are you ready… it’s pretty compelling …and you need to start planning now, “You Will Need A Million Dollars To Retire To Enjoy A Comfortable Living Standard!“

How ready are you? Have you got plans in place?

Consider registering to learn how you can be prepared.

http://global1.com.au/propertywealthbuilder?cc=CC1001023

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Four secrets behind the fortunes of the BRW Rich 200: Myriam Robin

Four secrets behind the fortunes of the BRW Rich 200: Myriam Robin | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Reading through the stories of the 200 richest people in Australia, as ranked by BRW last week, it quickly becomes clear that no two fortunes are the same.
But there are commonalities in how Australia’s 200 richest people got that way.
David Bracka's insight:

 

I love that they reveal the Secret to create wealth ...and a  full quarter (52 out of 200) made their wealth in property!

In Australia, this figure hasn't budged much for the last 30 years. No other single investment has been as likely to deliver steady returns over the past three decades.

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Victoria Elliot's comment, June 2, 2013 9:17 PM
I love that they reveal the Secret to create wealth ...and a full quarter (52 out of 200) made their wealth in property!

In Australia, this figure hasn't budged much for the last 30 years. No other single investment has been as likely to deliver steady returns over the past three decades
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People and Funds Surge Out of China - The Epoch Times

People and Funds Surge Out of China - The Epoch Times | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
The number of Chinese purchasing property in Western countries and transferring their money out of China, both legally and illegally, has been significantly increasing since 2011.
David Bracka's insight:

There are now 300 million middle class Chinese, they are looking to take money out of the country and park in safely. 

With the governments new policy allowing foreigners to invest $5 Million for four years into Australia one qualifies to become a permanent resident.

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Population Media Center » Blog Archive – Australian Population Jumps by 1028 Per Day

Population Media Center » Blog Archive – Australian Population Jumps by 1028 Per Day | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Population Media Center (PMC) strives to improve the health and well-being of people around the world through the use of entertainment-education strategies.
David Bracka's insight:

Australia’s Population to reach 40 million by 2050 .

In the next 37 years that’s 17 million more residents this equates to 459,459 residents per year!  

Currently Melbourne averages 1200 to 1500 people per week!

We are set for growth……..they have to live somewhere…….and they look for affordability……they go West!

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Go west … and they have, in droves

Go west … and they have, in droves | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Population growth in Melbourne's west has quadrupled in a decade, making it one of the fastest-growing areas in Australia.
David Bracka's insight:

Incredible growth in a decade the area has quadrupled in population. Its in demand because of affordability and in a decade from now when all infrastructure is established just imagine the exponential capital growth that will occur. 

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Asian investors eye Australian property

High property prices worry some buyers, but Chinese investors are going crazy in Sydney and other major cities.
David Bracka's insight:

The top 7 reasons why Australia is seen as one of the safest countries to invest in and foreigners are coming in droves to take advantage!

1 We Have a safe political system,

2  We have a safe secure and stable financial system,

3  We have low unemplyment,

4 We have low interest rates,

5  We have an increasing population.

6 We have low inflation rates

7  Melbounre has consitantly been the most livible city in the world for over a decade. 

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Auction clearance rates strong as property market buoyed by rate cut

Auction clearance rates strong as property market buoyed by rate cut | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
PROPERTY markets across the country continued to perform strongly at the weekend, with experts predicting that the Reserve Bank's recent interest rate cut will help maintain demand.
David Bracka's insight:

Melbourne's Auction Clearance rates this weekend was 72% 

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10 ways to invest like the rich

10 ways to invest like the rich | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Australia’s mega-wealthy have a few things in common when it comes to how they’ve amassed – and kept – their fortunes.
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David Bracka's curator insight, May 10, 2013 1:03 AM

Land Banking is the number 1 strategy for creating wealth.

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The first Super Saturday of the year: RP Data's Melbourne weekend auction preview

The first Super Saturday of the year: RP Data's Melbourne weekend auction preview | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
The first two weeks of auctions for the year suggest that the improvements recorded over the course of 2013 will be lasting.  
With 1,275 auctions in Melbourne this will be the first weekend with more than 1,000 auctions this year. Last year there was a record 11 weekends with in excess of 1,000 auctions. There are 19% more than this weekend last year.

The highest number of auctions is in South Yarra with 24 followed by Brighton with 23 and Brunswick and Reservoir, both with 20.

The next two weeks are significant, as they will see a return to auction volumes last seen in the fourth quarter of 2013 and the next update of the RP Data Rismark Home Value Index. The index will show if the new peak house value reached in January will be affected by the rise in volumes in February.

In the private sale market vendor discounting tightened from -5.6 to -5.2% in the last completed week indicating that the good start to this year is not confined to the more inner and middle city auction market.

Key data

•       Clearance rate week ending February 16: 69.2%

•       Melbourne auctions expected week ending February 23: 1,275

•       Melbourne private sales time on market week ending February 16: 67 days (houses)

•       Melbourne vendor discounting market week ending February 16: -5.2% (houses)

•       Listings being prepared for market are 9.4% lower in month ending February 16
Robert Larocca is Victorian housing market specialist for RP Data.
  
David Bracka's insight:

The average time for a property on the market is 67 Days and very small vendor discounting when negotiating.

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Homebuyer checklist helps avoid dramas

Homebuyer checklist helps avoid dramas | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Bad wiring is not the only trap facing new homeowners.
David Bracka's insight:

A very easy check list to follow. This is why buing brand new or off the plan may be better these things can all be avioded.

 

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6 things you can claim to maximise your tax savings - Your Investment Property Australia

6 things you can claim to maximise your tax savings - Your Investment Property Australia | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Every dollar you can claim on an investment property will benefit your financial well being. With this in mind, Eddie Chung explains what you can and cannot claim on negatively geared investments
David Bracka's insight:

The idea of investment property is to receive a competitive, sustainable rental income to 1/ offset the holding costs 2/ eventually replace your wage when you stop working 3/ qualify you for investment related tax concessions 4/ appreciate in capital value. 

 

this article talks about item number 2. enjoy

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Smart investors buy property before the upswing: Geoff Baldwin

Smart investors buy property before the upswing: Geoff Baldwin | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Records show that most new property investors tend to be influenced by the masses buying at or near to the top of each cycle, but the minority who reap the biggest rewards have purchased and settled long before the upward trend sets in.
David Bracka's insight:

A great quote ; "We must live life forward but we only understand it backward"!  Try the armchair test....sit down (in your favourite armchair) and picture 10 years from now …..think about the decisions you should make now to affect the next 10 years! ‘What you procrastinate today you will regret tomorrow!’

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Year's gains all but wiped out as investors spooked

Year's gains all but wiped out as investors spooked | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
The sharemarket has all but wiped away any gains for 2013, as investors shun stocks.
David Bracka's insight:

Share market returns for 2013 all but wiped as returns average only 0.66%.

This will only further fuel the demand for property as investors turn to the safety of "houses" .

There is no better time to capitalise on the impending property boom and secure the maximum profits and capital growth before the rest of the market starts really rising rapidly.

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How to invest in property without getting burnt

How to invest in property without getting burnt | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
This is part two in SmartCompany’s five part Investing special report: The rules of investment. Written by SmartCompany and brought to you by Bendigo Bank.
David Bracka's insight:

Property is a “Get Rich SLOWLY” strategy & Did you know 70% of Aussies own homes and 70% of those are paid off, and only 7% of home owners have more than one property.

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David Bracka May 2013 Property Market Update

David Bracka May Property Market Wrap Six important facts about the state of the Real Estate Market that you'll learn in 8 minutes. Inside this video I will ...
David Bracka's insight:

 

“If You Are Interested To Follow The Factors That Affect The Real Estate Market,

Here Are Six Important Facts About The State Of The Market That You'll Learn In 8 Minutes.”

 

 

Inside this video I will reveal :

1. Overseas investors in Australia fact or fiction- Just how much real estate do the Chinese buy in Australia!

2. What do low interest rates really mean when to the economy?

3. Australian population growth statistics and how it affects the market!

4. Planning Minister Mathew Guys vision for Victoria.

5. Bernard Salts predictions for the West of Melbourne

6. Why Australia is ranked as the 10th best performing property market in the world

 

And my favourite quote this week is "Life is Not Fair Game , It's a Value Game!"

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Now Is The Time To Buy Australian Property

Now Is The Time To Buy Australian Property | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Now is the time to get on the Australian property market, according to an entrepreneur from the country.
Speaking to over 3,000 estate agents at the Australian Real Estate Conference on the Gold Coast, John Symond predicted that...
David Bracka's insight:

John Symond ( Aussie Home Loan) spoke at a Real Estate Conference his thoughts on the Real Estate Market…..Lowest interest rates on record ….Buy property the for long term.

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Boundary to protect farms

Boundary to protect farms | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
EXCLUSIVE: A
David Bracka's insight:

Melbourne to Grow Up not Out!

With this clear and deliberate strategy Melbourne is now the only state in Australia to have set its metropolitan boundary. In 20 years from now to be able to buy a house an land package one will need to go rural. Melbourne will be fully developed.

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Here’s How Much Value A Waterfront Location Can Add To Your Home

Here’s How Much Value A Waterfront Location Can Add To Your Home | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
A prime waterfront location can seriously increase the value of a home, but by how much?

UK-based real estate firm Knight Frank just released the res...
David Bracka's insight:

Sourced from the world leaders in real estate property knowledge; Knight Frank! They have researched, analysed and concluded that the location of property near water increases the value of an asset. The long standing question has been by how much? Check out the article 47% uplift in value if you’re near a river, 93% uplift if you have direct beach access. Fantastic conclusive evidence! 

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Self-managed superannuation funds used to invest in property

Self-managed superannuation funds used to invest in property | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
IT was once the domain of wealthy baby boomers, but now younger Australians on average incomes have begun using self-managed superannuation funds (SMSFs) to invest in property.
David Bracka's insight:

Look Whats Possible if your not happy with your returns, take control. 

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Will your super be enough to retire on?

Will your super be enough to retire on? | Investing in Property....the  Knowledge you need to stay ahead of the game: Current trends, Insights and Thoughts. | Scoop.it
Financial planners often recommend that, based on current average annual returns, a couple would need close to $1 million in superannuation when they retire to live modestly.
David Bracka's insight:

"Today's Procastination will be Tommorrws Regret"! 

This just highlights the critical importance that YOU need to start thinking about your future sources of income, so when you wish to stop working you have an alternative source of income. 

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