There is no question that it is a landlord’s market at the moment with record low vacancies and higher yields. This situation is expected to continue throughout 2022 despite the expectation that interest rates will rise before the end of the year.
Housing affordability in Australia is one of the biggest issues heading into this year’s federal election. First home buyers, in particular, are in a never-ending race, trying to save deposits, while watching house prices increase, making the prospect of buying a home ever more distant and unreachable. But it’s not all doom and gloom.
People invest in property to take advantage of the capital growth in the value of the property over a period of time. To minimise the cost of the investment and to maximise returns, investors offset the costs associated with the property with rental income.
It is with great excitement that Walkom Real Estate announce their involvement and support of the inaugural HMRI Foundation’s Charity Golf Day.
Our office is closed from Friday 24.12.21 3pm until Tuesday 4.1.22 at 8.30am
For rental emergency repair please contact 0474 748 991 (Text or Leave a message, please leave your name, contact number and property address).
For a list of emergency tradespeople – see link https://www.walkom.com.au/renting/repairs-after-office-hours/… Read the full post »
With national rental vacancy rates the lowest they’ve been in ten years and the average gross rental yield at 3.3% nationally, it’s a good time to consider property investment in 2022.
Newcastle is a city on the move, a city that’s changing in all that it offers. Shifting from an industrial working-class town to a city of arts and culture, entrepreneurship, tech start-ups and fine dining. Changes to the rail corridor, the light rail and the developments along the harbour, both in terms of residential and business dwellings and recreational spaces are creating a highly desirable location. With stunning … Read the full post »
With the launch of Dairy Farmers Towers coming up in November 21, Walkom Real Estate, Third.i & Basebuild invites you to register your interest in this exciting development. Dairy Farmers Towers will be one of the tallest residential towers in Newcastle and offer some of the best 1, 2 and 3 bedroom apartments in Newcastle, many featuring panoramic city … Read the full post »
It happens to all of us – we get older and the home we thought was our forever home now seems too big or it requires too much maintenance, and we start to think about downsizing. With the latest federal budget containing incentives for those aged 60+ to downsize through extending access to the superannuation contribution scheme, it’s time to look at the pros and cons…. Read the full post »
August 2021 and Forecast to 2023
Newcastle’s median house price is up 26% over the last year, to July 21, and apartment prices up 13.4%. The Newcastle median house price was $757,000 at July 21. In the same period, Sydney is showing houses prices up 19% compared to Units at 5% growth.
Some banks are forecasting a gain in house … Read the full post »