Archive for November, 2006

Rate rise good news for investors

Wednesday, November 15th, 2006

WHILE many in the housing market are reeling from the latest interest rate rise, those with an eye on investment property are set to benefit from falling house prices and rising rents.
Property research firm Braxton Chase’s managing director Andrew Donnelly said there are plenty of bargains in the market as higher interest rates force vendors [...]

How to keep your home

Wednesday, November 15th, 2006

THE latest lift in interest rates was a bitter pill to swallow for most property owners but by revisiting your mortgage habits you will find ways to cope.
Mortgage Choice says homeowners should reassess their mortgage situation with a reputable, accredited and experienced mortgage broker.
National manager of corporate affairs Warren O’Rouke said property investment was a [...]

Go green, a smart home improvement

Wednesday, November 8th, 2006

New tax credits and rebates are making solar-powered conversions as smart as redoing your kitchen.
Considering a remodeling project to boost the value of your home? Before you drop $40,000 or more on a new kitchen or master bath, consider the newcomer on the renovation block: a rooftop solar-power system that not only will lower [...]

Consider health care real estate

Friday, November 3rd, 2006

Everyone knows that the aging baby boomers will likely create unprecedented demand for health care services. Yet a whole host of reasons — product recalls, patent expirations, thin drug pipelines, Medicare and Medicaid cuts, and uninsured patients — increase the risk of investing in health care stocks.
Investors seem to agree: The Health Care Select Sector [...]

Buy a slice of real estate but without the drama

Friday, November 3rd, 2006

Residential real estate trusts have arrived.
RESIDENTIAL rents have risen sharply in Australia’s capital cities as vacancy rates have fallen to their lowest level in this decade.
With vacancies standing at 2 per cent or less, this seems a logical time to enter the residential property investment market. But is it?
With rising interest rates and a [...]

$6.4m for mansion

Friday, November 3rd, 2006

IT’S taken 17 months but the stately Willyama mansion has officially sold for $6.4 million – making it the dearest SA residential property on record.
The record sale price for an Adelaide residential property previously stood at $5.3 million – which bought the former Springwood Park home of bankrupt winemaker Andrew Garrett.
Willyama’s new owner told the [...]

Port Lincoln real estate values rising

Friday, November 3rd, 2006

THE price of real estate in Port Lincoln is grower faster than the State average, according to figures released by the Real Estate Institute of South Australia last week.
Record strong house price figures have continued across the State.
House prices in Port Lincoln grew more than 10 per cent in the 12 months leading [...]

Sales of luxury homes go through the roof

Friday, November 3rd, 2006

CASHED-UP buyers have spent more than $850million on mansions this year, pushing luxury home sales to record levels.Between January and September, 125 sales of more than $5million each were recorded in the larger markets, according to real estate agent PRDnationwide.
Earlier this month, former skateboarding champion Stephen Hill and wife Sonya paid $20million for a [...]