The pool of auction listings in Sydney and Melbourne is shrinking steadily as lockdowns extend.
SYDNEY
Australia's central bank will likely reverse its decision to taper its bond buying programme if Sydney remains in a coronavirus lockdown, bank economists say.
Sydney’s property market is being affected by the city’s lockdown with auction volumes dropping around 17 per cent this week.
Rich owners are raking in millions of dollars by reselling luxury homes as little as seven months after buying them.
Two out of three told a recent survey that New South Wales prices will peak in the next six months, after rising more than 15% in 12 months.
There have been more homes pushing into the $1 million value or above, with 218 new suburbs joining the club.
The housing market is running out of records to smash, as Australia experiences a perfect storm of easy money, record low interest rates and government incentiv…
There are 156 suburbs in Sydney and 15 in Melbourne where every house sold this year has changed hands for more than $1 million.
Sydney’s property boom has been out of control for a long time, but the most rapidly growing prices in Greater Sydney aren’t in the city itself.
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Massive spending in Western Australia’s mining sector is again pushing up property prices, and while investing in resources-reliant towns can be high-risk, it can also be high-reward.
Opposition Leader Anthony Albanese has taken negative gearing off of the election agenda, saying there will be no change to the much-used tax deduction strategy if Labor is successful at the next poll.
Demand for Brisbane development sites continues to rise, with national giant Frasers Property Australia and local firm Mosaic Property Group settling a pair of separate transactions this week, collectively valued at more than $21 million.
Brisbane’s 2032 Olympics win is likely to give the River City’s property market another boost, with experts saying it will likely sustain record-setting price growth for the next decade.
The Sydney property market has continued its price surge, undeterred by New South Wales' lengthening lockdown and any associated impact on employment and income.
Walkability is emerging as a strong indicator for investment success, with the ease of walking to local amenities becoming an increasingly important consideration for property investors.
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