Sydney housing prices falling because of greater supply, RBA deputy governor Philip Lowe says

The deputy governor of the Reserve Bank says Sydney home prices appear to declining because of increasing supply coming onto the market. Philip Lowe told a Sydney business conference he would welcome a drop in home prices. He was responding to a question about new economics research from investment bank Macquarie Group, which has predicted […]

Lower Australia dollar to inflate Sydney, Melbourne property prices

The lower Australian dollar makes property cheaper for foreign buyers and could increase the bubble prices being paid for apartments in areas of Sydney and Melbourne. The dollar sank below US70¢ on Wednesday, for the first time since April 2009, and Deutsche Bank chief economist Adam Boyton predicts the dollar will keep falling to US60¢ by the end of 2016, and even past […]

manager No Comments September 4, 2015 9:02 am