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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 […]

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Fourth month of price declines in softening property market

OLIVIA CAISLEY Reporter Sydney @livcaisley The housing market has slumped again with preliminary figures suggesting a soft start to March. While the previous auction ­results in late February had been hailed a “super Saturday”, AMP Capital Chief economist Shane Oliver said that spike in auction clearance rates was just a “temporary boost”. At the weekend […]

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Australia:Housing ‘severely unaffordable’ as Sydney price to income ratio worsens.

Housing in Australia has been categorised as “severely unaffordable” compared with metropolitan markets around the world, a comprehensive survey has found. Of 10 major metropolitan markets assessed in the housing affordability survey, Hong Kong had the least affordable housing for the sixth year in a row, followed by Sydney. Sydney replaced Vancouver as the second […]