Property Hunter Magazine Issue 87 - March 2017 | Page 54

NEWS
200 People Queue Up the Streets for 1 Property Viewing
Sydney’ s ferocious property market is showing no signs of slowing down with cutthroat competition even for rentals.
Pictures emerged of more than 200 people lining up to inspect a modest $ 860-a-week terrace in the city’ s inner west in scorching 35C heat on Saturday.
The sought-after home in Stanmore, about seven minutes walk from a train station, saw house-hunters young and old queuing on both sides of the leafy suburban street.
Worth about $ 1.6 million, it included three bedrooms with built-in wardrobes, two bathrooms, one with a spa bath, a double carport, and a balcony coming off the main bedroom.
The first floor had a black granite gas kitchen with breakfast bar next to an open plan lounge and dining area plus an internal laundry.
There is rear access to the courtyard carport with a garden down the side and an automatic roller door for security.
Other feature included polished timber floorboards, air conditioning on both levels, gas bayonets, high ceilings.
Analysts expected Sydney’ s property boom to continue in
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More than 200 people lining up to inspect a modest $ 860-a-week terrace in Sydney’ s inner west.( Photo: Sam Spettigue / Daily Mail Australia)
2017 with a shortage of houses and slowing rates of apartment construction.
Overall house price rates were tipped to rise about five percent over the year, but trendy suburbs like Stanmore were likely to increase even more.
More houses would be bought up by investors, making it more difficult for first home buyers to get into the market, forcing them to join lines like this one.
A record number of houses were sold in the last week of December, with the inner west leading the way with 82.6 percent of auctions closing.
Malaysia Listed as One of the Best Places to Retire
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Home to Asia’ s friendliest people and offering unrivalled public transport, Malaysia has been ranked as the world’ s sixth best destination to retire in by International Living, an authority on global retirement and relocation opportunities.
Mexico, which was listed third in 2016, topped its Annual Global Retirement Index this year, unseating Panama which now occupies the second spot.
Ecuador settled in the third place, while Costa Rica and Colombia grabbed the fourth and fifth spots, respectively. Completing the top ten are Spain, Nicaragua, Portugal and Malta.
The only Asian country in the list, Malaysia offers the best of both worlds in terms of vacations, whether for firstclass destinations or budget holidays, with its rainforests, beaches, mountains and UNESCO heritage sites. In fact, its cities have been touted by International Living as clean and modern.
“ There is a lot to see and do here. It’ s just one of the reasons that first time tourists to Malaysia come back again and again, and ultimately end up moving or retiring here,” said International Living.
It also highlighted the country’ s delicious food offerings as well as the
uniqueness of its multicultural society.
“ In Malaysia, you’ ll get the best street food, restaurants and cafés in the region, and some interesting architecture that is unlike any other,” said IL Malaysia correspondent, Keith Hockton.
“ The food is not just first class, it’ s world class, and the shopping in Kuala Lumpur
Kuala Lumpur and Penang, where I live, is to die for. From state of the art air-conditioned shopping centres to colourful night markets, Malaysia has it all.”
Buying property in Malaysia was also considered by retirees as a perk, since they can decide to acquire a property within the threemonth period of their visa.
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