Sydney Real Estate Roundup...
by Marshall Cobb - Head of New Projects
The sunshine looks like it might
finally be back after quite a few weeks of hiding - lets hope so anyways.
Some news from around the traps...
- RiskWise Property Research
ran a story that demand for units in Greater Sydney has seen them achieve
capital growth for the past five years of 54.7%. And while the current
downturn shows some small price reductions, in the medium and long term,
solid growth and unaffordability are not expected to be major issues. Read more.
- Terry Ryder lists his Top 20
worst crash predictions. No.1 on this list was a US spruiker called
Jordan Wirsz who visited Australia in 2012 and forecast a 60% fall in home
values and that land values would decline 90%. Can you imagine that?
He was claiming that our residential land would be virtually worthless. Read more.
- Peter Switzer tells us to stop reading crap and learn these 5 get
rich lessons. Read them here.
We have plenty of projects across Sydney for sale, and we
will be open for inspections on Saturday, and some even on Sunday!
I hope to see you at one of them.