The deputy governor of the Reserve Bank says Sydney home prices appear to declining because of increasing supply coming onto the market. Philip Lowe told a Sydney business conference he would welcome a drop in home prices. He was responding to a question about new economics research from investment bank Macquarie Group, which has predicted […]
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 […]
The Australian real estate market is in the grip of the biggest housing bubble in the nation’s history and Melbourne will be at the epicentre of an historic “bloodbath” when it bursts, according to two housing economists. A bloodbath in the housing market, however, appears a near certainty due to the magnitude of falls required […]
Housing affordability is a major concern for many Australians. Negative gearing, foreign investment and immigration are just some of the factors identified as pushing house prices beyond the reach of younger people in particular. That’s despite interest rates being at historically low levels, banks being willing to lend more than in the past, and a […]
