An auction sign outside a house in Sydney, which had a 0.1% decline in real estate prices in September. Photograph: Bloomberg via Getty ImagesHousing market figures varied as Hobart and Melbourne continue record streaks while Sydney falls 0.1%Sydney’s housing market is finally showing signs of slowing, with new data revealing prices have dropped for […]
Brigitte Blackman, a real estate agent in inner Sydney, says her property listings have slumped 20 per cent from a September peak, and the phones at her Potts Point office are no longer ringing off the hook. As Australia barrels towards an election on July 2, political uncertainty is weighing on the nation’s $6.4 trillion […]
Brisbane is set to buck a national trend and become the only Australian capital to escape declining median house prices in real terms over the next three years. But a BIS Shrapnel housing market outlook also warned of an impending oversupply of inner city apartments. The Residential Property Prospects 2015 to 2018 puts Brisbane’s estimated […]
SYDNEY, June 28 (Reuters) – Outlandish property prices make daily headlines in Sydney – a peeling 1900s three-bed with no kitchen sink for A$2.6 million ($2 million), a parking space in Kirribili for A$120,000 – and first-time buyers have little prospect of relief. Home price growth in the harbour city is well into the double […]
A LEADING authority on the world economy has warned that Australia’s inflated housing market is at risk of a “sharp correction”. While the Organisation for Economic Cooperation and Development, was forecasting a three per cent growth in our economy next year, thanks to a rise in investment in the non-mining sector and exports, it feared […]
Housing affordability is a major concern for many Australians. Negative gearing, foreign investment and immigration are just some of the factors identified as pushing house prices beyond the reach of younger people in particular. That’s despite interest rates being at historically low levels, banks being willing to lend more than in the past, and a […]
