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Strata Title units were introduced in 1968 and at that time they were seen as a huge advance over the other options which were Company and Moiety Title properties and for the most part, the title types of their the newer Community Title or a Strata Title has actually served us well.
Raine & Horne chief, Angus Raine, has said that the Reserve Bank of Australia should take a lead from Europe and meet every six weeks rather than once a month.
With a recent meeting of the Governing Council of the European Central Bank committing to the change, Raine said that it would be sensible for the Reserve Bank to follow their lead and move to this new six week cycle. The European Central Bank will be taking this step from January 2015, although their non-monetary policies will continue as usual.
Real estate agent Robbie Palmer agrees with the latest report positioning Mudgee as one of Australia’s most rewarding real estate investments.
The Best Rent Report from Onthehouse.com.au ranks Mudgee 31st on a list of Australia’s best suburbs for investment, with strong rental returns and seven per cent average annual growth expected over the next five years.
“Mudgee’s just a place where people want to stay,” said Mr Palmer, of Mudgee’s Raine & Horne.
August marks the last chance for buyers to secure land in the Flemington Road Precinct as four Land Development Agency blocks go under the hammer.
The four blocks, ranging from 3558 to 11,935 square metres, will be auctioned by Raine & Horne Commercial. They will allow for a wide range of uses including multi-unit housing, retail space, hospitality, non-retail commercial space and community facilities.
Strong first-homebuyer activity and falling migration levels have caused a dramatic turnaround in Perth's rental market.
Preliminary data from the Real Estate Institute of WA has revealed rental listings have risen 43 per cent during the year ended last month, with 5824 properties available for rent.
At the peak of Perth's rental crisis in September 2012, the vacancy rate had tightened to just 1.8 per cent with listings falling 15 per cent from 2700 properties in early July to 2300 by the end of August that year.
There are always going to be bargains, throw aways and special offers which will attract you, pull you in and hold you tight. The path to acquiring the right investment property can be hindered by these situations. “All time low price” and “heavily reduced” are certainly phrases that grab your attention when purchasing real estate but when venturing to secure any new real estate investment you should always consider these key factors.