Did You Know? 10 Quick Real Estate Facts That You May Not Be Aware Of…

  • According to the January 2013 RP Data-Rismark Home Value Index, home values across Australia’s capital cities rose 1.2 per cent in January alone!
  • 43.5% of buyers only looked at 1-10 properties before buying. To vendors this is crucial information as it demonstrates just how important it is to attract all your potential buyers in the first week or two.
  • 32% of Australians are over the age of 50. Whist that is approximately 32 per cent of the Australian population, it has been shown that they control 68% of the wealth.
  • According to the Australian Bureau of Statistics, there are 2.3 million rental households in Australia.
  • From the 1st of October 2012, the $7 000 First Home Owner Grant was replaced by the $15 000 First Home Owner Grant (New Homes) Scheme. First home owners are now eligible for the $15,000 grant. The grant will reduce to $10,000 on 1 January 2014 for eligible transactions which have a commencement date (contract date) on or after the 1st of January 2014. So to take advantage of this, NOW is the time to strike! Terms and conditions apply. See http://www.osr.nsw.gov.au/benefits/first_home/ for further details.

10 quick facts

  • There were no Northern Beaches (Sydney) suburbs that ranked in the top 20 suburbs for first home buyer benefits in the last 12 months. The majority of the claims were from Western Sydney suburbs.
  • 85% of Australia’s 9 million private dwellings are occupied on a full time basis.
  • The annual Husqvarna Global Garden Report showed 65% of Australians surveyed would pay more for a property located close to park space/greenery so they could go for a walk (55 per cent), exercise (45 per cent), followed by getting fresh air, enjoying the surroundings and relaxing. If you are looking to invest these are key statistics to be aware of.
  • The Husqvarna Global Garden Report also showed 48 per cent of people would pay more for good shopping, followed by restaurants (39 per cent), cultural venues (38 per cent) and a good nightlife (17 per cent).
  • About 35% of buyers in Australia’s marketplace today are investors. Some will be seasoned investors buying a second, third or fourth asset while others will be first-timers who tend to be more hesitant and will buy with a high level of emotion.

For More Information,  Phone or Email Us Today!

Tim Cullen on    0424 006 855

Bernadette Cullen on    0414 618 908

 

About Tim Cullen

Since joining McGrath Estate Agents 15 years ago, Tim Cullen has defined himself as a first class industry leader with an outstanding track record and rapidly growing and loyal client base. He ranked 1st on the Northern Beaches in this year’s Real Estate Business’ Top 100 Agents List and ranked 21st nationwide.