Sydney house prices jump 22% in one year to reach $1m median, report says

Sydney median house prices have hit $1m for the first time, according to the latest Domain Group House Price report. The report revealed median house prices in Sydney are $1,000,616, rising 22.9% in just 12 months. The report touted it as Sydney delivering the “unthinkable” and having “emerged as a significant player in the international […]

manager No Comments July 24, 2015 6:50 am

Housing boom is ‘lesser evil’ for RBA, says Goldman Sachs Asset Management

The Reserve Bank of Australia is likely to keep cutting interest rates as the need to support the economy leaves policy makers willing to stoke a housing boom, according to Goldman Sachs Asset Management. With debt yielding little or nothing after consumer price gains, investors will increasingly look to other asset classes such as property […]

manager No Comments March 23, 2015 1:32 pm