Are we heading towards a NSW property boom?

Are we heading towards a NSW property boom?

Those in the finance industry have long held the view that an interest rate of 7% is the unofficial ‘tipping point’ in terms of sparking market activity.  Of course today’s rates reaching as low as sub 5% have completely blown this theory out of the water.  However, we may just be experiencing a new ‘tipping point’. When looking over the residential sales figures from the last two years, during which time interest rates gradually decreased from 7% to today’s 5%, there has been something of a phenomenon.  It’s fair to say that...

read more

How does Federal Politics affect our Padstow to Picnic Point real estate market?

How does Federal Politics affect our Padstow to Picnic Point real estate market?

Leadership spills and upcoming elections may play havoc with TV schedules and overtake news headlines, but what effect does Federal Politics actually have on Padstow to Picnic Point residents’ big real estate decisions? It seems many people think that a new leader or Prime Minister will instantly throw the real estate industry into some sort of turmoil, and therefore they hold off from making key decisions such as buying or selling real estate until after an election is held.  This type of thinking used to make sense – two very different...

read more

Sydney Interest Rates Now Cheaper Than Rental Yields

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 more

Panania Stats In A Nutshell

Panania 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 more

East Hills Stats In A Nutshell

East 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 more

Revesby Stats In A Nutshell

Revesby 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 more