Global stockmarkets rebound...Byron Bay and Hobart ripe for investors experts say...
Global stockmarkets rebound
Wall Street and European markets made a comeback overnight and the ASX is expected to experience another strong day, according to an article in the Sydney Morning Herald.
After share rebounds in China and Europe, Wall Street had its biggest daily gain in four years, as all three major US indexes closed up more than 2 per cent
LPL Financial Chief Economic Strategist John Canally said, "People are just taking a second look at what caused the 10 per cent correction in the first place. Not only is the Chinese market not connected to the global economy. It's not connected to the Chinese economy."
Byron Bay and Hobart ripe for investors
Experts say there is plenty of opportunity for investors in Byron Bay and Hobart, the Australian Financial Review reports.
Corelogic RP Data's head of research Tim Lawless says baby boomers are looking for lifestyle homes to rent or buy in Tasmania, Byron Bay and the Bass and Surf coasts
"Investors looking for value should be looking for areas where the lifestyle buyers are going to such as Hobart and Byron Bay," he said.
Tasmania and Byron Bay appeal to investors because of their lower prices and high yields with the median unit price in Byron Bay at $542,000 returning 6.7 per cent compared to Sydney's $800,000 house price for 3.4 per cent and Melbourne's $551,000 for 3.7 per cent.
Wall Street and European markets made a comeback overnight and the ASX is expected to experience another strong day, according to an article in the Sydney Morning Herald.
After share rebounds in China and Europe, Wall Street had its biggest daily gain in four years, as all three major US indexes closed up more than 2 per cent
LPL Financial Chief Economic Strategist John Canally said, "People are just taking a second look at what caused the 10 per cent correction in the first place. Not only is the Chinese market not connected to the global economy. It's not connected to the Chinese economy."
Byron Bay and Hobart ripe for investors
Experts say there is plenty of opportunity for investors in Byron Bay and Hobart, the Australian Financial Review reports.
Corelogic RP Data's head of research Tim Lawless says baby boomers are looking for lifestyle homes to rent or buy in Tasmania, Byron Bay and the Bass and Surf coasts
"Investors looking for value should be looking for areas where the lifestyle buyers are going to such as Hobart and Byron Bay," he said.
Tasmania and Byron Bay appeal to investors because of their lower prices and high yields with the median unit price in Byron Bay at $542,000 returning 6.7 per cent compared to Sydney's $800,000 house price for 3.4 per cent and Melbourne's $551,000 for 3.7 per cent.
