Browse Forums General Discussion sydney home loans, sydney home loan centre, home prices 81Dec 12, 2008 2:22 pm OK, so if listen to this economics professor, we should stay away from buying homes and just rent. Also if you are a home owner, you can sell up like him. Nobody wants to lose 40% of the value of their major possession. I can see how that will help lower the spiralling cost of rent First Home Grant fails to impact new construction, October 82Dec 16, 2008 8:35 am Home-loan approvals rose in October, snapping eight months of falls, as consumers took advantage of lower rates to refinance their home.
The Reserve Bank had the interest rate to 6% in October and have since moved it down to 4.25%. The increase of first home owners grant to $21,000 for newly constructed dwellings has so far failed to have an immediate impact on the number of commitments for construction of new dwellings, which declined 2% during the month, instead encouraged purchases of newly-built dwellings rising 3.5%. http://business.smh.com.au/business/hom ... -6vd6.html Sydney western and south western house prices in 2009 83Jan 17, 2009 3:36 pm Australian Property Monitors economist Liam O'Hara is a "bear for the short-term", predicting further falls of up to 14 per cent in areas such as Bondi, Mosman and Palm Beach, which come on top of steep declines last year.
"Sydney will have nominal price falls of 10 per cent but it will depend on where you live because some suburbs will have price increases - mostly those that are the cheapest relative to other stock." Mr O'Hara says outer suburbs in the west and south-west - where prices are less than $360,000 - are poised for strong growth, especially property close to trains, schools and shops. He says property in the city's west and south-west is 25 per cent cheaper than it was four years ago."Those areas are now as affordable as they were back in 1998," he says. One optimistic bull is CommSec chief economist Craig James, who says conditions are ripe for great home-buying opportunities in the year ahead. Lower house prices than in previous years, falling interest rates and lower petrol prices will boost home affordability, he says. http://www.smh.com.au/news/national/sydney-property-predictions-for-2009/2009/01/03/1230681809451.html?page=fullpage Hi all I am looking to run a water line under my concrete footpath which is directly next to my home, was seeing if this is possible without cutting the entire section… 0 20189 Tradie may sit at home but will need to get house plastered as well or will you sit it out? 6 9972 i imagine you also have another contract with an architect? and yeah, whatever other's said about special conditions and appendices 16 16026 |