Read more

Sydney posts strongest growth in 31 years

Sydney’s housing market is on track to recoup the 15 per cent loss in prices suffered during the 18-month downturn early next year and reach a new record high by March. Property prices in the harbour city surged 2.7 per cent in November, the highest monthly growth rate since 1988, while Melbourne property values grew […]

Read more

Property market eases as buyers take breather

Housing prices in Sydney and Melbourne rebounded more than 2 per cent in June but fell or were flat over the quarter as the cities’ five-year bull market slowly runs out of steam. In other capital cities, housing prices were patchy with the ­exception of the long-depressed Perth market where values rose 1.3 per cent […]

Read more

Sydney housing market fourth on global bubble index

Sydney has the fourth riskiest housing market in the world after surging in value over the last three years, according to a bank report.   The report, the UBS Global Real Estate Bubble Index, said housing markets in major cities around the world are overheating just a few years after the global financial crisis saw […]

Read more

Why Some Think Australia’s Housing Market Is Due for a 2008 Moment

Insane. That’s how Jonathan Tepper, chief executive officer at research firm Variant Perception, described Australia’s housing sector in a word, painting the picture of a market that’s strikingly similar to that of the U.S. prior to the financial crisis. A local 60 Minutes segment that aired on Sunday titled “Home Groans” chronicled some of the eye-popping […]