Regional New South Wales may be the place to purchase with 29.8 per cent
of re-sales gaining a profit equal to or greater than 100 per cent.
Those wondering whether to purchase real estate in the Hunter Valley - whether as home buyers or investors - could draw some lessons from RP Data's Pain and Gain report for 2013's final quarter.
While 13.1 per cent of home re-sales across Australia in the three months to January 2013 recorded a gross loss, the figure dropped to 9.7 per cent for the three months to December 2013.
Buying in the Hunter Valley
The figure for regional New South Wales (10.8 per cent) was only 1.1 percentage points ahead of the national average.
By comparison, 23.7 per cent of regional Queensland properties noted a loss on re-sale. Regional areas of Western Australia, Tasmania, Northern Territory and South Australia recorded losses significantly higher than the national average, ranging from 17 per cent to 19.3 per cent.
Of all the regional areas, New South Wales drew the second-lowest proportion of losses, beat out only by regional Victoria, where 8.1 per cent of resold homes failed to make a profit.
"Of those homes sold throughout the December 2013 quarter, those held for a short period of time have been much more susceptible to loss," noted RP Data.
This suggests that investors and home buyers should think carefully about their purchase decision so they are comfortable holding on to their assets into the future, whether to build up their home's equity or continue to receive rental income.
However, when it comes to profits, regional New South Wales performed relatively well.
The average number of home re-sales across the country that made a profit equal to or greater than 100 per cent was 31.8 per cent. Regional New South Wales had a figure only two percentage points behind this (29.8 per cent). The highest figure was recorded in Perth (44 per cent).
With the proportion of sellers of regional New South Wales property making gains as significant as this creeping close to one-third, now could be the time to sell.
While fluctuations in the market will dictate sale prices to a degree, experienced selling agents can make all the difference.
Elite Wealth Creators have been involved in the property and finance industry for over 20 years. Our Investment Property Strategists deliver investment grade properties to the investment market and mediate between the developer and the investor. We also assist first home buyers in purchasing their first home in QLD through our house and land packages – this includes receiving $20,000 cash back towards their mortgage by buying one of our full turn-key packages.
Our service will take you through the complete process of buying positive cash flow property, including:
• educating you on positive cash flow and the ability to pay your mortgage off years in advance
• saving you thousands of dollars in interest
• supporting you in the decision on which property to buy
• assisting in the organizing of your finances, if required
• preparing you for settlement of contracts
• liaising with other professional advisers on your behalf if required.
Our Strategists specialise in delivering quality positive cash flow property and also helping investors pay off their mortgage years in advance
http://www.
sales@elitewealthcreators.com
1800 GO ELITE
Those wondering whether to purchase real estate in the Hunter Valley - whether as home buyers or investors - could draw some lessons from RP Data's Pain and Gain report for 2013's final quarter.
While 13.1 per cent of home re-sales across Australia in the three months to January 2013 recorded a gross loss, the figure dropped to 9.7 per cent for the three months to December 2013.
Buying in the Hunter Valley
The figure for regional New South Wales (10.8 per cent) was only 1.1 percentage points ahead of the national average.
By comparison, 23.7 per cent of regional Queensland properties noted a loss on re-sale. Regional areas of Western Australia, Tasmania, Northern Territory and South Australia recorded losses significantly higher than the national average, ranging from 17 per cent to 19.3 per cent.
Of all the regional areas, New South Wales drew the second-lowest proportion of losses, beat out only by regional Victoria, where 8.1 per cent of resold homes failed to make a profit.
"Of those homes sold throughout the December 2013 quarter, those held for a short period of time have been much more susceptible to loss," noted RP Data.
This suggests that investors and home buyers should think carefully about their purchase decision so they are comfortable holding on to their assets into the future, whether to build up their home's equity or continue to receive rental income.
However, when it comes to profits, regional New South Wales performed relatively well.
The average number of home re-sales across the country that made a profit equal to or greater than 100 per cent was 31.8 per cent. Regional New South Wales had a figure only two percentage points behind this (29.8 per cent). The highest figure was recorded in Perth (44 per cent).
With the proportion of sellers of regional New South Wales property making gains as significant as this creeping close to one-third, now could be the time to sell.
While fluctuations in the market will dictate sale prices to a degree, experienced selling agents can make all the difference.
Elite Wealth Creators have been involved in the property and finance industry for over 20 years. Our Investment Property Strategists deliver investment grade properties to the investment market and mediate between the developer and the investor. We also assist first home buyers in purchasing their first home in QLD through our house and land packages – this includes receiving $20,000 cash back towards their mortgage by buying one of our full turn-key packages.
Our service will take you through the complete process of buying positive cash flow property, including:
• educating you on positive cash flow and the ability to pay your mortgage off years in advance
• saving you thousands of dollars in interest
• supporting you in the decision on which property to buy
• assisting in the organizing of your finances, if required
• preparing you for settlement of contracts
• liaising with other professional advisers on your behalf if required.
Our Strategists specialise in delivering quality positive cash flow property and also helping investors pay off their mortgage years in advance
http://www.
sales@elitewealthcreators.com
1800 GO ELITE
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