Sydney Interest Rates Now Cheaper Than Rental Yields
According to Personal Mortgage Advisor, Paul Raad, news has just come in that lenders are beginning to offer a three year fixed rate of just 4.99% p.a. For those who don’t tend to pay much attention to changes in rates, this is a big deal. In fact, 4.99% p.a. is equal to the lowest three year fixed rate for the last 20 years, and signals great timing for those looking to buy from Padstow to Picnic Point. In other news, confirmation has come in that Sydney’s median rental yield for units is now sitting at 5.19% p.a. As you may...
read morePanania Stats In A Nutshell
There have been a lot of interesting changes in the Padstow to Picnic Point region over the last few years and over the past few weeks we’ve talked about the recorded Census changes that have taken place in Padstow, Padstow Heights, Revesby Heights, Revesby, Milperra and East Hills from 2006 to 2011. Most suburbs have experienced similar changes over the years, such as population growth and an increase in household incomes, as well as increasing mortgage and rental payments. This week we will take a look at the changes that have taken place...
read moreEast Hills Stats In A Nutshell
Continuing on with our blogs about the 2011 Census results for the local area, this week we are talking about East Hills. If you’re interesting in reading about the Census results for other local suburbs, so far we’ve gone through the stats for Padstow, Padstow Heights, Revesby Heights, Revesby and Milperra. If you look at the table below you can see the changes that have taken place in East Hills between the 2006 and the 2011 Census surveys. East Hills (SSC) Now – 2011 Then – 2006 Number of People 3,274 2,578 Number of...
read moreRevesby Stats In A Nutshell
This week we are continuing on with our series of posts about the Census results in our local area, this week talking about Revesby. If you take a look at the table below you can see some of the changes in Revesby’s population and housing numbers that occurred between the 2006 and the 2011 Census surveys. Revesby (SSC) Now – 2011 Then – 2006 Number of People 12,935 11,854 Number of Males 6,221 5,761 Number of Females 6,714 6,093 Median Age 38 38 Number of Families 3,421 3,196 Number of Private...
read moreWhat the 2011 Census Tells Us about Current Housing Trends
Recently we’ve been discussing the 2011 Census stats for all the areas between Padstow and Picnic Point, but it’s also interesting to look at the Census stats from a national point of view. One change in the national Census stats from 2006 to 2011 that many in the housing industry have been interested in, is that for the first time since European settlement there has been an increase in the number of people per home. While the change is only small (from 2.61 people in 2006 to 2.63 in 2011) it goes to show that there is a trend emerging...
read moreDo Auctions Work in Padstow?
You’d be forgiven for being sceptical because auctions really can go either way, but the trick is to ensure you have an agent that is familiar with auctions, marketing for auctions and providing as much information to the seller as possible to help them get the best possible price come auction day. We know first hand that auctions work in Padstow and surrounding suburbs, because we’ve held many successful auctions, but rather than write about it here, we invite you to watch one of our auctions for yourself on our YouTube channel. To talk...
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