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Slow start to housing market for 2018

Sydney’s continuing home price slide kept capital city values largely flat last week, while auction activity has increased. The number of home auctions rose to 779 in the week to February 4 – almost triple the number of a week earlier – but that was down on the 881 in the same period a year […]

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Sydney’s housing market trumped by Canberra and Hobart

Australia’s property market has reached a turning point, with smaller cities taking more of a front row seat in the growth story. CoreLogic’s monthly figures show the capital cities with the biggest property price increases in November were Canberra (+0.9pc) and Hobart (+0.6pc). Melbourne dwelling values, on average, rose 0.5 per cent last month to […]

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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 […]

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A short-sellers guide to the Australian property market

London based research firm Variant Perception’s bold claim that Australian property is now the biggest housing bubble of all time has stirred emotions. But if talk of the “Big Short of Blacktown” has inspired you take the other side of the Australia’s crazy obsession with property, you’re probably asking how you can be the unlikely hedge fund hero. […]

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The five great myths about the Sydney housing market

With home ownership a fading dream for an increasing number of Australians, it’s time to bust some myths about the housing market. Here are the top five by urban and regional planning and policy experts at the University of Sydney, Professor Peter Phibbs and Professor Nicole Gurran. 1. Affordability issues will be solved by constructing […]

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Most Australians still want to get on the property market

MOST Aussies still think it’s a good time to get into the property market, despite house prices surging in Sydney and Melbourne, a survey has found. Sixty per cent of the 1,010 respondents polled in CoreLogic RP Data-Nine Reward’s housing market sentiment survey, released on Friday, considered the June quarter to be a good time […]

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Australia’s property market risks being overvalued, says global investment bank

Australia is at risk of an overvalued property market, according to a leading global investment bank. Credit Suisse argues that rising house prices become problematic when accompanied by rising household debt – which is presently the case in Australia. “Price increases are not yet necessarily a problem in themselves; the risk of overvaluation often arises […]

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Australia:Reserve Bank sounds warning on house prices

The Reserve Bank has issued a fresh warning about the rising risk of a significant fall in house prices if “speculative demand” fueled by cheap credit continues to drive the property market. With investor buyers powering a house price boom in NSW especially, the central bank on Wednesday said the risks in residential and commercial […]