Australia’s ‘spring-selling’ real estate season is seeing a defiant return of Chinese buyers, undaunted by lending restrictions aimed at curbing their interest in the country’s sky-rocketing housing market. Financiers and estate agents say Asian investors have found new avenues to re-enter the market, including targeting cheaper homes and settling in cash. Others are turning to […]
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 […]
The Reserve Bank of Australia’s decision this week to keep rates on hold will not halt Sydney’s booming property market, experts say. The median price for a Sydney home rose 1.4 per cent in February, while in the rest of the capitals combined – including Sydney – it was up just 0.3 per cent, according […]
