With more than 50 years of combined experience in property investing, the team at LocationScore have heaps of info that that want to share with you!
How you can conduct a full location research using big data instead of guess work What mechanics of supply and demand matter in residential property for capital growth We will show you the ways you can DIY and look for the data yourself! When and where should you consider to buy your next property Understanding the 8 key variables, where to look for them Our recommended benchmarks to filter out the GOOD markets from the BAD ones
When it comes to choosing a suburb with good growth potential, Hollywood’s two most famous Toms provide an appropriate analogy.
If you’re looking at a Tom Cruise suburb, you’re looking at what’s commonly called a hot spot: a locale that burns brightly for a few years (think marriages to Mimi Rogers and Katie Holmes) before fizzling out and leaving all parties checking the bank balance.
A Tom Hanks suburb has staying power. Hanks has been married to Rita Wilson for 30 years and by all reports the relationship is still going strong. A Hanks suburb will pay dividends well after the early romance fades and become the stuff of statistics legend with property values rising strongly over the long-term.
Tom Hanks suburbs have long-term growth prospects; Tom Cruise suburbs rise and fall. (more…)
A real estate investment advisory body has released analysis proving mortgages are more affordable now than they were in 1990.
The Property Investment Professionals of Australia (PIPA) said those arguing property’s lack of affordability haven’t studied the numbers properly.
“Many commentators use just two indicators to measure housing affordability – income and house prices,” PIPA Chairman Peter Koulizos said.
“This is a good measure to indicate how expensive housing is, but if you want to analyse affordability, you must also consider mortgage repayments.”
PIPA examined annual figures looking at the average size of a home loan, the standard variable rate, principal and interest loan repayments and the annual average wage from 1990 to today. (more…)
GETTING that first home might seem like an insurmountable task in modern day Australia, but according to a leading real estate investment body it was not as bad as it seems.
Skyrocketing house prices in the capital cities should not dissuade young Australians from getting into the housing market according to Property Investment Professionals (PIPA) of Australia chairman Peter Koulizos.
He had a closer look at annual figures for what people are paying now compared to 1990 when it came to repaying a home loan and said homes were now more affordable.
And although property was no doubt more expensive, he said that people were ignoring the impact of significantly lower interest rates.
“And you need to look at how hard it is to pay off that mortgage,†Mr Koulizos said.
The Property Investment Professionals of Australia (PIPA) has just released analysis arguing that mortgages are more affordable now than they were in 1990.
Peter Koulizos, chairman of PIPA, said those who say property has grown less affordable with time haven’t studied the numbers properly.
“Many commentators use just two indicators to measure housing affordability – income and house prices,” Koulizos said. “This is a good measure to indicate how expensive housing is, but if you want to analyse affordability, you must also consider mortgage repayments.”
