Blog

December 05, 2019

THREE WEEKS UNTIL SANTA!!! 🎅

With Christmas on our doorstep we are already casting our minds toward 2020.

Macro view

Looking at the macro economy we are witnessing an array of mixed signals, for example strong labour markets and consumer spending vs a drop in global trade and manufacturing. At the forefront is the ongoing trade war between the US and China.

The data hints towards a 'weakness' that will likely result in a slowing of global GDP. What does this mean for australia? September 2019 figures show...

FULL ARTICLE

November 05, 2019

A Safer Bet Than The Nags

With the Melbourne Cup upon us I thought it would be fun to look at the famous Race 7 at Flemington.

By the numbers: 

  • On average Australians spend $350 million in betting on race day.
  • To date there have been 89 Melbourne Cup winners.
  • Saddle cloth numbers 4 and 12 are the most successful in the race’s long history. Each number has 11 Cup wins to its credit.
  • The most successful barrier in cup history is number 5...

    FULL ARTICLE

September 20, 2019

TIC TOK - IT'S ALL ABOUT TIMING !

I am often asked as to the best way to make money out of property. My rather simplistic answer, "time".

* Timing the market; and/or

* Time in the market.

The residential property market in Australia has weathered one of the largest 'value' declines over recent decades.

Significantly official data indicators are pointing to a recovery.

Price falls slowed throughout the June quarter. Data from CoreLogic have revealed that national values increased by 0.8% over August, led by the major markets of Sydney and Melbourne...

FULL ARTICLE

September 10, 2019

Investors attention the market is ‘Block Full of Opportunity’ !

Blocks of apartments continue to offer investors security of cash flow and underlying capital growth. 

Apartment blocks offer security of cash flow and the opportunity for capital growth, when assessed and managed correctly.

The following opportunities have been reviewed by the Wills Property team and offer a multitude of opportunity for investors:

* letting vacant space

* re-letting;

* refurbishment;

* through to redevelopment.

Having recently sold blocks in Randwick, Double Bay and Elizabeth Bay, assisted in the refurbishment and development of blocks, together with delivering value...

FULL ARTICLE

August 28, 2019

BUYING OR SELLING? NOW MAY BE THE TIME TO MOVE !

The ongoing improvement in housing market conditions has seen Sydney has seen discounting levels fall from a peak of 7.7% in February 2019 to 6.3% in July 2019. A combination of lower interest rates and changes to lending practices is likely to result in an ongoing recovery. As a result, discounts will further reduce and the 'power' in negotiations will shift from the buyer to the seller.

If you are looking at buying over the next 3 to 6 months we...

FULL ARTICLE

April 17, 2019

Data reveals rise in Sydney rental vacancies

The Real Estate Institute (REI) of NSW has just released their Vacancy Report for March 2019.

At a glance:

* The March REINSW Residential Vacancy Rate Report has revealed an increase of 40 basis points in vacancies across Sydney, from 3.2 per cent on 15 February, to 3.6 per cent on 15 March.

* Sydney Rental Vacancies are on...

FULL ARTICLE

March 01, 2019

"Winter is Coming" - Investor research on negative gearing and capital gains tax

A huge policy change that could come after the federal election in May this year relates to negative gearing and capital gains tax.

The Federal Opposition claims current concessions are highly inequitable, skewed towards high-income earners and not supportive of investment in new housing. Touted as a “positive plan to help housing affordability” latest research from the Property Council of Australia indicates that the proposed changes may have a far more adverse effect than first anticipated, especially as it relates to...

FULL ARTICLE

February 04, 2019

Can't See the Forest Through The Trees?

I was recently reading an article regarding the Australian housing downturn, theorizing “How bad will it get?”  Whilst the article pointed to the potential for further declines in pricing in Sydney (5-10%, taking the total decline to 20-25%) what intrigued me the comparison to previous cycles.

Based on CoreLogic data Sydney dwelling prices fell 25% in 1980-83, 10% in 1989-91, 8% in 2004-06 and 7% in 2008-09. Therefore a 25% decline since the peak in June 2018...

FULL ARTICLE

December 11, 2018

IN THE NEWS

A PRIVATE investor has won out from six parties at auction to clinch a block of ten residential units in Sydney’s Elizabeth Bay, sold by Wills Property.

Click HERE to read the article written by...

FULL ARTICLE

October 11, 2018

“It’s a renter’s market”, “Rental vacancies in Sydney hit record high” - Cause for Concern? Perhaps not !

I am sure you have been keeping up to speed with the state of the rental market in and around Sydney.  Prior to 2018 Sydney had experienced significant renal growth over the previous 5 to 7 years, however the influx of new apartments coming online together with a population movement interstate have combined to produce a rare market where renters are beginning to call the shots. So what can you do as a landlord to ensure you have and/or secure...

FULL ARTICLE

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