July Market Outlook
CoreLogic National housing Update July 2017
7 Factors That Influence a Home Buyer’s Decision by CoreLogic
Stamp duty and first home owner grant changes in effect across Australia
The difference between owner-occupier and investment interest rates
Adelaide July 2017
Brisbane July 2017
Cairns July 2017
Canberra July 2017
Darwin July 2017
Gold Coast July 2017
Melbourne July 2017
Newcastle July 2017
Perth July 2017
Regional NSW July 2017
Regional NT July 2017
Regional QLD July 2017
Regional VIC July 2017
South West WA July 2017
Sydney July 2017
Tasmania July 2017
Wollongong July 2017
CoreLogic QLD housing Update July 2017
CoreLogic SA housing Update July 2017
CoreLogic VIC housing Update July 2017
CoreLogic WA housing Update July 2017
Should you rent out your home on Airbnb?
How to calculate the cost of buying a home in Australia
Mortgage myth buster: things you need to know about mortgages
Regional NT July 2017
The month in review: Regional NT
By Herron Todd White
With the softening of market conditions over the past couple of years we have seen increasing value for money in the $500,000 price range. In the established areas a 4-bedroom, 2-bathroom home is still available, often with a pool and with varying degrees of renovation, however at this price level a discerning buyer can find a modern kitchen and bathroom as a typical inclusion.
With the new suburb of Kilgariff now becoming more established with land starting at $160,000 as well as the release of land at North Edge, closer to town with land starting closer to $150,000, a new home at this price level is now a reality. Kilgariff has now had its first established homes sell, with living areas at around 160 square metres and accommodation comprising 3-bedrooms and 2-bathrooms, an attached double garage UMR and rear verandah. These homes initially started at the $550,000 mark, however with the softer conditions, sales were achieved at $525,000.
Investors can expect a rental return of about 6% for these properties, particularly for those situated in established areas, and slightly lower returns for the newer homes, although these also have the benefit of higher depreciation benefits.
These are similar to last year’s suggestions however with the market slowly turning, these opportunities may diminish, although not for some time yet.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.